Silver to benefit from risk-related purchases

U.S. based commodities management firm, CPM Group, on Tuesday said the price of silver will benefit from international political and economic risk purchases, besides trends in investment demand in 2018, various wire reports monitored by business a.m. have shown. It said the enormous range of economic, financial and political issues facing the world and individual […]

Investors are pouring money into silver ETFs

Silver, known for being a market of extremes, is living up to its reputation this year. Prices rallied 17 percent in the first four months of the year, only to reverse and wipe out those gains. Despite the selloff, investors are pouring money into exchange-traded funds, and assets have reached a record 21,211 metric tonnes, […]

Banks cut silver forecasts after second-quarter drop: Reuters poll

Banks expect gold to match its 2016 average this year, but cut their silver price forecasts after the metal slid 9 percent in the second quarter. A poll of 39 analysts and traders conducted by Reuters this month returned an average silver price forecast of $17.32 an ounce for 2017, down from an average view […]