49 minutes ago
MKS PAMP Group: silver is 35% probable to rise to $30 in 2023
Analysts at MKS PAMP Group estimate the probability of silver price movement. The probability of flat movement within the range of $18-28 is estimated at 50%, the probability of growth up to $30 is 35%, the probability of decrease down to $12 is 15%. The average price for the year is estimated at $22.5.
Nicky Shiels thinks that the reasons for a bullish scenario could be:
- growth in demand for silver in the automobile and electronics industries, as well as the need for its use in renewable energy sources, which is growing;
- growth in demand in China for all commodities (silver plays a key role in industries such as electronics, medicine, etc.) due to the removal of recurring restrictions;
- prolonged supply disruptions.
Recommended
Central bank demand supports gold prices — Heraeus
Today at 5:20 AM
Yesterday at 7:51 PM
Perth Mint’s gold product sales rose in June due to surging demand
Yesterday at 11:07 AM
Wall Street indexes dropped following Trump’s new tariffs on trading partners
1 minute ago
US tariff policy hurts Canadian job prospects — Nanos Research
31 minutes ago
Top news
54 minutes ago
1 hour ago
1 hour ago
Today at 4:30 AM