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Precious metals forecast for 2023 by MKS PAMP GROUP
MKS PAMP has posted a price forecast for platinum, silver, gold and palladium. The annual report includes possible average prices as well as minimal and maximal levels for the precious metals.
The following base case scenarios with a 50% probability of each were suggested:
1) The company forecasts an average yellow metal price of $1,880 per ounce for the current year. The price range for 2023 is listed as $1,600 to $2,100 per ounce;
2) The trading range for silver will be from $18 to $28 per ounce. Precious metals analysts see an average price of $22.50;
3) Platinum has a low of $850 and a high of $1,350 an ounce. The annual average is $1,100;
4) Palladium will range between $1,500 and $2,500 per ounce. Experts forecast the average price of palladium at $1800 per ounce.
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