Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20

Jon Precious Metals

– Bloomberg silver price survey – Large majority bullish on silver
– Silver median ’12 month-forecast’ of $20
– Precious metal analysts see silver ’24 percent rally from current levels’
– Investors are pouring money into silver ETFs
– Speculative funds bearish even as ETF assets rise to record
– Spec funds being bearish is bullish as frequently signals bottom
– Important to focus not just on silver price but on silver value
– ‘Important to note that all portfolios under all conditions actually perform better with exposure to gold and silver’ – David Morgan (see video)
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From Bloomberg:
In a Bloomberg survey of 13 traders and analysts, the majority were bullish. 11 people said silver prices would rise and two predicted declines.
Among the seven respondents that provided estimates, the median 12-month forecast was $20 – indicating a 24 percent rally from current levels.

This post was published at Gold Core on July 18, 2017.