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 22.2K to 23.9K
5 June
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 24.7K to 22.2K
29 May
United States. Core PCE Price Index (MoM). The value of the indicator has decreased from 0.3% to 0.2%
28 May
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.2% to 3.3%
28 May
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 26.1K to 24.7K
22 May
Top news
United States. Nonfarm Payrolls. The value of the indicator has decreased from 179K to 172K
5 June
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
5 June
European Union. GDP (QoQ). The value of the indicator has decreased from 0.1% to -0.2%
5 June
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.8% to -0.4%
4 June
European Union. CPI (MoM). The value of the indicator has decreased from 1% to 0.1%
2 June
All news

Forecasts

Brent buy
Period: 12.06.2026 Expectation: 400 pips
Invest in Brent crude up to $102
Indicators and reports FA Other Hot news Chart analysis
05 June 2026 62
Sinclair_John
AUDCAD sell
Period: 12.06.2026 Expectation: 600 pips
AUDCAD has no clear direction amid de-escalating geopolitical tensions
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
05 June 2026 42
Lyra_Moonwell1
USDCAD buy
Period: 05.07.2026 Expectation: 2400 pips
Buying USDCAD with 1.41400 target
Indicators and reports FA Other Hot news Chart analysis
05 June 2026 46
Reed_Marcus
GBPUSD sell
Period: 12.06.2026 Expectation: 800 pips
GBPUSD is stuck in flat trend amid Middle East uncertainty
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
05 June 2026 36
Emily_Foster
S&P 500 sell
Period: 11.06.2026 Expectation: 1650 pips
Selling S&P 500 with 7,370 in sight on rising likelihood of Fed’s hawkish policy
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
04 June 2026 53
Lyra_Moonwell1
Gold buy
Period: 05.06.2026 Expectation: 290 pips
Buying gold with $4,770 in view
Indicators and reports FA Other Hot news Chart analysis
04 June 2026 99
Reed_Marcus
Go to forecasts