ING expects the silver price to average $68 in Q3 and $74 in Q4 as persistent supply deficits offset softer industrial demand. The Silver price in US Dollars (XAG/USD) price stood near $68.11 on Thursday, up 1.7% on the day and already close to ING's third-quarter average forecast.
Silver Price Forecast: XAG/USD tests 100-day SMA as rally extends
Silver pushes toward $69 as Treasury buyback weakens yields and the dollar. A sixth annual supply deficit and industrial demand keep buyers in while gold fades.
A tenth of the Silver in electronics is heading to one buyer
The silver market has gapped higher to kick off the trading on Thursday, showing more buying again, as we are watching the US dollar and rates closely at the moment. The market looks strong, though, and this is something that is changing as of late.
Silver gives back some gains as US yields rebound
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD refreshes two-month high as US doubles bond buyback plan
Yesterday, I argued that the US dollar was likely to be the key variable in determining whether the breakouts seen in gold and silver earlier this month would extend further or reverse.
Silver Price Forecast: XAG/USD eyes $67 as US yields slide
Silver surges as Treasury buyback plan sinks the US Dollar
Treasury buyback plans sparked a silver rally as long yields and the dollar broke lower. FOMC minutes now test whether buyers can hold the bid.