Investor interest in silver will continue to play deciding factor for silver prices over the following months. The prices on silver will go back to $30/oz and remain consistent throughout the year, if HSBC’s Outlook report is anything to go by.
This report was generated taking into account factors like over ground excess stock of silver due to an unequal scale struggle between moderately increased mine production and scrap silver supply and mediocre demand in industrial and physical demand. Continue reading
Maybank is further expanding its retail store by being the first local bank to provide a ‘Silver Investing Account’. The bank will offer silver investment passbooks that will enable account holders to deposit or withdraw silver at a daily price from on Ringgit Malaysia (RM) at any of its branches across the country without having the stress of carrying physical silver. Continue reading
Technical analysis of Steel Vine Investments LLC predicts that silver prices can climb 25 per cent after reaching a “double bottom.” Continue reading