|Forum - Mining and Commodities Eh!
||All things commodities, with a Canadian Junior Miner focus.|
|From: pari20777 (Rep: 0)||Date: 01/03/2018 01:43|
|Forum: Mining and Commodities Eh! - Msg #6088||Thread #673978538 (Rec: 0) |
| Silver Price Prediction in 2018|
Gold and silver are assets that evoke strong emotions with their investors. Looking back to the ongoing year 2017 it is fair to say that the silver price prediction got achieved. Depending on the evolution of the silver price, silver could fall to the 10 to 12 range, though we clearly indicated it was a stretched scenario.
Looking at demand, Metals Focus says that silver bar and coin demand is seen recovering in 2018. Meanwhile, demand for silver in jewelry and silverware is expected to grow, but price increases in countries such as India will mean gains will be modest.
In terms of supply, the silver market is expected to remain in a fundamental surplus for the third year in a row in 2018, with an excess of about 70 million ounces, according to Precious Metals Investment Focus 2018. Mine output is expected to rise marginally in 2018, and a recovery in recycling will see total supply record its first annual increase in four years. Metals Focus estimates that total silver supply for all of 2018 will be 1,045 million ounces.
2018 will become very challenging to forecast silver’s price. silver could go either direction, but, even importantly, remain trend Before looking into the details suffice it to say that we want to present readers with a clear analysis that makes sense even if market conditions are unclear.
The silver price saw some Metals Focus estimates, but overall it looks set to end the year fairly flat it was up only about 2.3 percent, sitting at around $16.30 per ounce.
Many analysts believe 2018 will bring a slightly improved price and the average prediction being $16. According to Metals Focus, the white metal should highest be average $21.30 in 2018, up over $3 from its the consensus silver price prediction for this year is at $17.80. it's average 2017 price.
NOTE: This message was originally posted on 2018-01-03 01:01:59 by the pari20777.
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