HSBC Lowers Silver Forecast on Growing Supply

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.

To view the whole Reuters report, click here.