According to Thomson Reuters GFMS' Cameron Alexander, silver prices should edge higher in the coming months. Speaking w/ Kitco News' Daniel Cambone from the 2013 International Precious Metals Institute's (IPMI) Annual Conference, Alexander believes that the recent drop in silver prices is mostly the result of large liquidations in the gold market which have spilled over to effect the silver-side of the market, a notion that correlates with the massive outflows into equities and out of safe-haven assets over the last year. In fact, Alexander cites strengthening fundamentals on the silver side that include stronger jewelry and industrial demand. Tune in as the discussion goes beyond silver to include the high demand for gold in Asia and particularly China, as well as GFMS' outlook for the metals markets at large. Kitco News, June 25, 2013.
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Silver Prices Will Edge Higher: Thomson Reuters GFMS | |
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