HSBC Lowers Silver Price Forecasts

The Economic Times reported that HSBC has lowered its long term silver price forecast for 2016 and 2017.
As quoted in the publication:

The bank lowered its 2016, 2017 and long-term silver price forecasts to $15.90 an ounce, $18 an ounce and $20.50 an ounce respectively, from $16.90, $19 and $22 previously.

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