Home Forex Silver is doing well as investors seek cheaper alternatives to gold – ANZ

Silver is doing well as investors seek cheaper alternatives to gold – ANZ

by SuperiorInvest

Silver prices are up 27% since mid-October 2022. Economists at ANZ Bank expect XAG/USD to perform well in 2023.

Silver should not be ignored

“We expect prices to correct in the short term, but fundamentals are likely to be supportive over the next 12 months.”

“The supply/demand ratio looks strong. Growing adoption of green energy sources continues to support production demand for silver. silver supplies are falling on the stock markets, indicating a tighter market. Demand for bars and coins continued to be strong and coin premiums remain elevated.”

“We expect silver to perform well alongside gold as investors seek cheaper alternatives to the yellow metal.”

Source Link

Related Posts

%d bloggers like this: