Silver: Eyes $30 as US real interest rates risk further falls – Goldman Sachs

Dhwani Mehta FXStreet

The Goldman Sachs analysts, in their latest research note, revised up the silver-price forecast to $30 vs. the previous $22 projection.

Key quotes

“More downside expected in US real interest rates.”

"Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge"

“Pandemic measures taken for the economy will lead to a significant rise in debt in the future, which in turn will lead to policymakers allowing inflation to rise, boosting precious metal prices.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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