Silver price weakness won't last
By GCRU Gold News on Tuesday, November 4 2014, 06:48 - Permalink
Capital Economics is not alone among analysts expressing surprise at the weakness in the silver price this year "given that industrial metals prices have been more resilient and industry accounts for about 60% of global silver usage."
At around 73 the gold/silver price ratio is now close to levels last seen at the height of the global financial crisis and the independent researcher expects the ratio to be trimmed to a more normal 60.
Capital Economics predicts a rise in the silver price to $20 an ounce by end-2015 and $23 by end-2016 and "with the risks on the upside."