Haywood Forecasts US$38/oz Near-Term Silver Price, $20/oz Long Term

Mineweb reported that Haywood Securities sees strong demand for silver keeping prices around $38 in the near term.

The market news is quoted as saying:

“Investor interest in silver is expected to keep prices at or close to current levels over the near term, supported by a high level of open interest and activity at COMEX silver future contracts, a large amount of silver-backed silver ETFs, and strong demand for silver coins,” said Haywood metals analyst Chris Thompson.

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