13.10.2016 - Citi Not Expecting Quick Silver Return To August Highs
Citi Research is not looking for silver to regain its highs from August any time soon. Spot silver broke below $18 an ounce on Oct. 4 for the first time in three months, following the initial European Central Bank announcement to potentially taper the bond-buying program, Citi says. “The same day saw the gold:silver ratio jump to 71x (times) -- from a 2H’16 average of 68x -- during intra-day trading as silver price returns fell below 30% YTD (year to date) for the first time since June,” Citi says............................................Full Article: Source
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