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Wednesday
Jul292015

Silver will decline to $13 levels: Nic Brown

have fallen faster than in the last one year. Nic Brown, head of commodities research, Natixis, in an email interview discusses the outlook for silver prices with Rajesh Bhayani. Edited excerpts:


Do you see silver prices falling further?


Similar to gold, we expect silver prices to decline further over the coming year. Our forecasts for silver prices anticipate a steady decline to a low of around $13/oz by the end of 2016.


How much can it go down?


(We are sticking to our forecast of $12.00/oz, Bob K)

 

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Reader Comments (1)

So… the paper silver price is dropping but the US Mint has to suspend printing because of the demand for silver coins is overwhelming the availability of physical silver? Mr. Brown seems to have overlooked that. Perhaps he’s merely uninformed. The difference between paper and physical pricing is becoming great enough that I mistrust any opinion that overlooks that distinction.

August 1, 2015 | Unregistered CommenterSteve

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