Precious Metals Analysts Increasingly Bullish on Silver

Mineweb reported that precious metals analysts are more bullish on silver and gold than they were three months ago, according to a Reuters poll. Their outlook for platinum and palladium has dimmed.

As quoted in the market news:

The impact of the euro zone debt crisis on the global economy is expected to keep global monetary policy loose, which should favour gold, while restricting demand for the more industrial metals like silver and the platinum group metals.

Silver should get a lift on the back of gold, while the PGMs will be cushioned to an extent by ongoing supply disruptions in South Africa, although the prospect of weak car sales has prompted most analysts to scale back their price forecasts.

Click here to read the full Mineweb report.