HSBC Gives a Sideway’s Outlook for Silver

Posted by Robert Levy - Border Gold Corp.

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HSBC’s Metals Analysts James Steel and Howard Wen write in a research note that ETF demand for physical silver has a strong influence on the overall demand for the metal.

HSBC is forecasting silver prices between 17 and 23 dollars through the end of this year as silver supplies are likely to build up a bit of a surplus amidst weaker demand from the exchange traded funds.

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