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SILVER PRICE ANALYSIS: XAG/USD TO REBOUND TOWARDS $25 BY YEAR-END – ANZ

Alan xi
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Strategists at ANZ Bank analyze Silver (XAG/USD) outlook.

Investment demand to reverse

Silver is facing a double whammy: expectations of a rise in US interest rates curbing its investment appeal and a weaker Chinese economy weighing on industrial demand. These two drags are driving a recent liquidation of Silver investments. 

We expect investment demand to reverse, consistent with fundamentals, and for prices to rebound towards $25 by the end of this year.


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