Silver Outlook

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Expert silver market insights

Our quarterly silver outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for silver is analysed. Our research team produce silver price range forecasts as part of the report.

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Silver Outlook – Q4 2023

The price of silver has been rangebound in recent months, following gold, on the back of fluctuating US Treasury yields. Precious metal’s prices are caught between the bearish environment of elevated interest rates and high US Treasury yields on the one hand and growing expectations of global economic slowdown on the other. As silver remains stuck between these two opposing forces, we expect the metal to trade rangebound between $22.50/oz and $24.50/oz until the end of the year.

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