| Macroeconomic consultantancy Capital Economics has reiterated its above consensus forecast for the silver price of $23 per ounce for the end of the year, rising to $26 for the end of 2016. Julian Jessop, head of Commodities Research at Capital Economics, said in a note on March 27: “Silver has out-performed gold this year during periods when the prices of both have been rising, as usual, but it has also held on to more of its gains when both have struggled. This supports our relatively bullish view on the outlook for silver prices over the remainder of 2015 and in 2016.”
Jessop continues to see plenty of upside for silver, which has massively under-performed gold since2011. He cited the ratio of the price of an ounce of gold to that of silver is now around 70 ($1,200/$17), compared to a long-run average of around 60...............................................Full Article: Source
|