Silver Price Analysis: XAG/USD to rebound towards $25 by year-end – ANZ
|Strategists at ANZ Bank analyze Silver (XAG/USD) outlook.
Investment demand to reverse
Silver is facing a double whammy: expectations of a rise in US interest rates curbing its investment appeal and a weaker Chinese economy weighing on industrial demand. These two drags are driving a recent liquidation of Silver investments.
We expect investment demand to reverse, consistent with fundamentals, and for prices to rebound towards $25 by the end of this year.
See – Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – 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.