UBS Cuts Silver Forecast on Downward Pressure from Gold

The Economic Times reported that UBS slashed its silver price outlook through the end of next year, forecasting that silver will continue to suffer under pressure from gold.

As quoted in the market report:

The investment bank cut its 2013 silver price outlook to $24 an ounce from $29 per ounce. It also reduced its 2014 forecast to $25 an ounce from $30 earlier.

To view the whole Economic Times report, click here.