#XAGUSD @ 21.700 Silver Price Analysis: should do well in the later part of the year – ANZ
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Silver price has plunged 16% so far this year. Economists at ANZ Bank expect the precious metal to perform better by the end of the year.
“Normally, Silver outperforms Gold in a rising price environment, suggesting Silver should do well in the later part of the year.”
“From a supply-demand perspective, the market is expected to remain undersupplied for this year.”
See – Gold Price Forecast: XAU/USD bullish momentum continues, eyes on next resistance at $1,960 – ANZ
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