06.08.2015 - Byproduct of metal price meltdown is a higher silver price
Silver futures trended weaker on Wednesday with September contracts down slightly to exchange hands at $14.55 an ounce in afternoon trade. Like gold, silver went off to the races at the start of the year to hit a 2015 high of $18.36 on January 22 before falling back to trade down 7% for the year. The precious metal is 28% below the level it was trading at a year ago. A new report by Capital Economics sees a brighter outlook for silver in the second half and out to 2017. The independent research house says one of the primary reasons for the anticipated higher silver price is the nature of silver mine supply...............................................Full Article: Source
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