Gold is headed for its third week of losses despite rising on Friday. Copper and oil are also down, though silver managed to post a 0.3-percent gain Friday morning.
Analysts are calling for the gold price to be weaker at the start of 2015 before gaining momentum after the Fed makes a decision about interest rates. Read on to find out what else market watchers see coming in the year ahead.
Full-year silver price estimates for 2015 are looking fairly conservative, but the consensus seems to be that a weak start to the year may lead to a stronger finish. Read on to find out more about what’s in store for the white metal moving forward.
FastMarkets reported that according to HSBC, silver will record a deficit of 11 million ounces in 2015. In 2014, the white metal is expected to see a surplus of 3 million ounces.
Short-term investors “disillusioned by the inability of silver to rise strongly following the highs reached in 2011″ are largely responsible for silver’s poor performance last year, CPM Group states in its Silver Yearbook 2014.
Mineweb reported yesterday that in its latest silver outlook, HSBC said it sees the white metal trading between $17.75 and $22.75 for the remainder of 2014.
In 2013, India imported a record 5,478 MT of silver. However, word is that the country will not be able to sustain that demand in 2014.
Many analysts see silver staying steady at around $21 per ounce in 2014, but others believe a number of factors may push the white metal up.
Silver broke above $20 on Thursday as news surfaced that Turkey imported 41.6 metric tons of silver in December.
2013 was a rough year for resource investors, but it wasn’t all bad. In this two-part series, we take a look at 5 positive trends this year, along with 5 sectors we’d prefer to forget.
Silver had a rough 2013, and now most analysts are predicting that the white metal will average about $21 per ounce in 2014.
China and Japan’s plans to increase their solar generation capacity in the near future could give silver prices a significant price boost.
The silver spot price hit its lowest level in four months Thursday, but market analysts see the price of the white metal rising as much as 29 percent — to $40.25 an ounce — in 2013.