The Conversation (0)
CPM Group’s Christian Predicts Range-bound Future for Silver
Jun. 17, 2014 04:04PM PST
Silver InvestingIn an interview with iNVEZZ.com, CPM Group’s Jeffrey Christian said he sees silver being stuck between $18 and $25 per ounce over the next few years. For the next two years, he believes the white metal will largely remain between $20 and $21, an even shorter range.
In an interview with iNVEZZ.com, CPM Group’s Jeffrey Christian said he sees silver being stuck between $18 and $25 per ounce over the next few years. For the next two years, he believes the white metal will largely remain between $20 and $21, an even shorter range.
Christian said:
There’s a tremendous amount of silver in the market, and there’s a tremendous amount of silver that’s likely to be produced over the next few years. There’s an increased surplus of new supply coming on stream even with silver between $18 and $20 an ounce. If investors want to buy as much silver over the next several year as they have been buying over the past few years, the price of silver will rise. But if investors don’t want to take the surplus the price is going to fall.