Saturday, October 1st, 2016 MST

Canadian securities firm sees strong metals prices

“Support for gold as an investment continues to gain momentum, with an increasing number of announcements of purchases by non-Western governments,” says analysts for Canada’s Haywood Securities.

The analysts expect world gold production to decline this year while EFT gold-holdings could top 21 million ounces.

As for silver, the analysts expect that a “positive mix of the main silver price drivers indicates a balance or slight increase in the current silver price, further supporting the view that recent changes in interest may be simply a result of a thin, volatile summer market.”

Read the mineweb.com’s brief review of the analysts’ position.

Before plunging into the silver market, read our Silver Bullion Overview.

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