Monday, August 15, 2016
Demand for Silver pushes expectation to $21.35 for 2017
Here's an interesting
note from JP Morgan in Dow Jones Newswires. "Strong growth in China's
solar sector is ramping up demand for silver, says JPMorgan, driving a
40% 1H increase in Chinese silver-powder imports. Solar-capacity
installations there tripled from a year earlier in the period, helping
ease concerns about a lack of industrial demand for the precious metal.
Based on photovoltaic consumption and a bullish outlook for gold,
JPMorgan boosts its 4Q average-price forecast to $21.21/ounce and sees
$21.35 for all of 2017."
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