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Reuters reported that HSBC lowered its silver forecast for this year and next on a likely increase in output globally.
Reuters reported that HSBC lowered its silver forecast for this year and next on a likely increase in output globally.
As quoted in the market report:
HSBC also cut its 2013 silver price forecast to $26 per ounce from $33 and the 2014 price outlook to $27 per ounce from $31 earlier.