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Bloomberg reported that Morgan Stanley still expects investor demand and buying from central banks to allow silver —along with gold and copper — to perform better than other metals.
Bloomberg reported that Morgan Stanley still expects investor demand and buying from central banks to allow silver —along with gold and copper — to perform better than other metals.
As quoted in the market news:
“Central bank policies ensure conditions remain favorable for continued price appreciation for both gold and its cheaper proxy, silver,” analysts Peter Richardson and Joel Crane wrote in a report today. The bank expects gold to average $1,683 an ounce this year, rising to $1,853 in 2013. Morgan Stanley also remained bearish on aluminum, nickel, lead and zinc.
Click here to read the full Bloomberg report.