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« US Monetary Policy still lacks certainty | Main | Silver prices trend lower as the USD recovers »
Thursday
Jun022016

2016 Silver Prices 'Will Rise Further on Ultra-Loose' Rates

Submitted by Goldbug on Thu, 06/02/2016 - 16:16

Silver prices jumped 30% from 6-year low. More coming says Metals Focus...

  SILVER PRICES will hold firm and rise further in 2016 according to the leading analysts behind a new report, with fresh gains driven by new investor and speculative demand, led in turn by low-to-negative interest rates worldwide.

 After the 30% price surge to $18 per ounce from new 6-year lows between December and this spring, "Further, albeit modest, gains are likely for silver in 2016," says specialist consultancy Metals Focus, today launching its first annual Silver Focus report.

 "A major change in market expectations regarding the number of US interest rate rises this year...spurred a sizeable flow of funds into precious metals," says director Philip Newman.

 Metals Focus' average silver price forecast of $17 per ounce for the last 3 months of 2016 is based on its assumption that "ultra-loose monetary policies in the US, the proliferation of negative policy rate elsewhere, and rising market turbulence will [all] remain in place."

 

Silver prices are sub $16.00/oz as we write, so go gently as they are looking weak at the moment.

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