By Melissa Shaw
What’s the silver outlook for 2018? Overall market watchers are calling for slightly higher prices as the white metal follows gold upward.
By Melissa Shaw
The US Federal Reserve hinted that it may raise rates in December if inflation rises; it also plans to hike rates three times in 2018.
Morgan also discusses the metals he’s interested in right now and explains why he thinks gold and the blockchain could eventually be used together.
Silver mine production fell by about 2 percent in 2016 and could decline even more this year. Here’s what investors need to know.
By Jocelyn Aspa
Silver prices appear to be continuing their downward trend, dropping sharply on August 21 from $19.25 per ounce to to $18.82 per ounce as of 2:07 p.m. EST on August 23, hitting an overall two week low.
The significant drop Sunday night, however, marked a seven-week low, with pressures of
But prices for gold, silver and oil all rose.
The Bullion Desk reported that HSBC has lowered its 2015 silver price forecast due to weak investor sentiment. The bank now sees the white metal averaging $17.05 per ounce this year, down from its previous forecast of $17.65.
The Economic Times reported that Morgan Stanley has lowered its gold and silver price forecasts due to Federal Reserve Chairman Ben Bernanke’s assertion that the central bank may restrict quantitative easing or end it altogether.
Mineweb reported that Scotia Capital is tempering its bullish outlook for silver with a price forecast of $35.
The industrial metals sector as a whole is expected to improve this year and next as global economic growth improves, although the going will be slow. RBC Capital Markets recently gave its perspective on the short- to medium-term silver market expecting silver’s fundamentals to remain positive as industrial and