| The silver price could tumble to $12 per ounce in coming weeks, due to headwinds from both industrial and investor demand, Bank of America Merrill Lynch (BoA ML) said in a note on Monday. Additionally, as silver was a relatively small and illiquid market, this often results in volatile price moves, and the metal underperforms in bear markets.
Today, the metal was trading under $15 per ounce and at $14.57 was the lowest since October 2. Should the metal drop to $12 it would mark the softest since April 2009. In terms of industrial demand, the metal has been hit by the persistent weakness of China’s manufacturing and investment activity..............................................Full Article: Source
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