iNVEZZ.com reported that the five most-accurate precious metals analysts tracked by Bloomberg believe silver will achieve its lowest average price since 2010 in the third quarter of this year. Specifically, they see the white metal at $18.80 per ounce during that time.
iNVEZZ.com reported that the five most-accurate precious metals analysts tracked by Bloomberg believe silver will achieve its lowest average price since 2010 in the third quarter of this year. Specifically, they see the white metal at $18.80 per ounce during that time.
As quoted in the market news:
While industrial demand will put a floor under silver prices, declining safe-haven demand will put a cap on their upside potential, according to analysts. The increased likelihood of range-bound movement will put pressure on miners to control costs. Most mining companies expect a cost-per-ounce of $16 to $18 in 2014.
‘The big X factor is the investment demand — overall investment demand has been stickier than gold, and that’s why prices have come off,’ Mitchell Krebs, Chief Executive Officer of Coeur Mining Inc., told Bloomberg in an interview from Toronto. ‘A global economic pickup gives a more bullish scenario for silver,’ he added.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1837.47 | +6.46 | |
Silver | 21.48 | +0.34 | |
Copper | 3.77 | +0.02 | |
Palladium | 1935.50 | +58.50 | |
Platinum | 915.50 | +4.50 | |
Oil | 107.81 | +0.19 | |
Heating Oil | 4.21 | -0.03 | |
Natural Gas | 6.13 | -0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â