Silver Price Analysis: XAG/USD should do well in the later part of the year – ANZ
|Silver price has plunged 16% so far this year. Economists at ANZ Bank expect the precious metal to perform better by the end of the year.
Silver price action diverges from fundamentals
“Normally, Silver outperforms Gold in a rising price environment, suggesting Silver should do well in the later part of the year.”
“From a supply-demand perspective, the market is expected to remain undersupplied for this year.”
See – Gold Price Forecast: XAU/USD bullish momentum continues, eyes on next resistance at $1,960 – ANZ
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.