Silver To Trade Above $20 In Q4

Kitco News/Anna Golubova/06-01-17

Silver prices will surge in the second half of 2017, jumping above $20, led by the Federal Reserve’s slow tightening of monetary policy, weaker U.S. dollar, and economic and political risks, according to The Silver Focus 2017 report.

Analysts at Metals Focus, the firm behind the latest silver outlook, said they expect “the global macroeconomic environment to remain and indeed become more positive for precious-metals prices over the rest of the year and probably beyond. As a result, we forecast that the silver price will rally in the second half of 2017, with a breach above $20 looking likely in the fourth quarter.”

The key factor to watch in 2017 is the pace of Federal Reserve rate hikes.

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