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. Interest Rate Projection - Current. The value of the indicator has decreased from 3.6% to 3.4%
Yesterday at 6:00 PM
United States. Interest Rate Projection - 1st Yr. The value of the indicator has decreased from 3.4% to 3.1%
Yesterday at 6:00 PM
United States. Interest Rate Projection - 2nd Yr. The value of the indicator remained at the same level of 3.1%
Yesterday at 6:00 PM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Yesterday at 6:00 PM
United States. CFTC Silver speculative net positions. The value of the indicator has increased from 23.3K to 24.6K
13 March
Top news
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
Today at 1:15 PM
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
Today at 1:15 PM
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Today at 12:01 PM
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
Today at 8:30 AM
Japan. BoJ Interest Rate Decision. The value of the indicator remained at the same level of 0.75%
Today at 3:01 AM
All news

Forecasts

S&P 500 sell
Period: 26.03.2026 Expectation: 1100 pips
Selling SPX with $6,510 in sight is key strategy
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 11:55 AM 25
Lyra_Moonwell1
ETHUSD sell
Period: 31.03.2026 Expectation: 130 pips
Selling ETHUSD on wave of negativity following Fed meeting
Indicators and reports FA Other Chart analysis Hot news
Today at 10:18 AM 24
Sinclair_John
USDJPY buy
Period: 10.04.2026 Expectation: 2500 pips
Investing in USDJPY with 162.00 target
Indicators and reports FA Other Chart analysis Hot news
Today at 08:49 AM 24
Reed_Marcus
Gold sell
Period: 26.03.2026 Expectation: 18000 pips
Gold selloff targets $4,700 amid stronger dollar and fewer rate cuts
Technical analysis FA Other Hot news Indicators Fundamental analysis
Today at 08:40 AM 35
Emily_Foster
Silver sell
Expectation: 4500 pips
Selling silver once $77.5 support is breached
TA Other FA Other
Today at 08:39 AM 27
Bruce_Powers
Brent sell
Period: 30.04.2026 Expectation: 400 pips
Selling Brent crude down to $97 per barrel
Indicators and reports Chart analysis
Today at 08:39 AM 19
McCarthy_Raymond
Go to forecasts