Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
23 January 2023 | Other

ANZ Bank: Silver has a positive outlook for 2023 as a cheaper alternative to gold

Silver

Australia’s ANZ Bank gives silver a positive outlook for 2023. Prices for the precious metal have increased by more than 30% since the middle of last October. 

Economists at the bank expect that despite some price correction in the near term, silver is likely to have further support of fundamentals. 

The precious metal’s supply-demand balance seems to be quite sustainable. The rise in demand is mostly driven by adoption of green energy sources. Demand for bars and coins remains high, as well as the premium for coins.

Investors are in search of cheaper alternatives to gold. ANZ Bank analysts believe that silver might be great for that role. According to the bank’s forecasts, the two precious metals will perform well in tandem.

Company MarketCheese

Recommended

United States. CFTC Silver speculative net positions. The value of the indicator has increased from 25.3K to 25.4K
25 September
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 26K to 25.3K
18 September
United States. Fed Interest Rate Decision. The value of the indicator has increased from 3.75% to 4%
16 September
United States. Interest Rate Projection - Current. The value of the indicator has increased from 3.8% to 4.1%
16 September
United States. Interest Rate Projection - 2nd Yr. The value of the indicator has increased from 3.4% to 3.9%
16 September
Top news
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
24 September
European Union. Manufacturing PMI. The value of the indicator remained at the same level of 52.7
23 September
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
22 September
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 1% to 1.25%
18 September
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
17 September
All news

Forecasts

Silver sell
Period: 28.10.2026 Expectation: 600 pips
Silver sell-off targets $55.50
Indicators and reports FA Other Indicators Hot news
Today at 09:32 AM 16
Sinclair_John
S&P 500 buy
Period: 12.10.2026 Expectation: 100 pips
Invest in SPX up to $7,815
Indicators and reports FA Other Indicators Hot news
Today at 08:45 AM 16
Reed_Marcus
EURUSD sell
Period: 31.10.2026 Expectation: 1700 pips
Selling EURUSD on fundamentally strong dollar
TA Other FA Other
25 September 2026 37
Bruce_Powers
Gold sell
Period: 31.10.2026 Expectation: 4000 pips
Go short on gold with $4,300 in mind
TA Other FA Other
24 September 2026 66
Bruce_Powers
Brent buy
Period: 31.10.2026 Expectation: 100 pips
Buy Brent crude upon breaking $104.60
TA Other FA Other
24 September 2026 53
Bruce_Powers
GBPUSD sell
Period: 02.11.2026 Expectation: 1700 pips
GBPUSD sell-off targets 1.3200
TA Other FA Other
22 September 2026 52
Bruce_Powers
Go to forecasts