“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.
