Silver has come under pressure in recent months and fell to a two-year low just above $18 in July. Strategists at Commerzbank are downgrading their silver price forecasts.
By the end of 2023, the gold/silver ratio should drop to 76
“We now expect silver to end the year at $20.50 at $24 , at $25 by the end of 2023 (previously $27).
“The gold/silver ratio should fall from the current good 90 to 76 by the end of 2023.
“In addition to rising gold prices, silver should benefit from the politically enforced expansion of photovoltaics, which are used in solar cells.” However, silver is still cheap compared to gold in historical comparisons. ”
The information on these pages contains risks and Certain forward-looking statements. The markets and instruments described on this page are for informational purposes only and should not be taken as a recommendation to buy or sell these assets in any way. You should conduct your own thorough research before making any investment decisions. FXStreet does not This information is warranted in any way to be free from errors, errors or material misstatements. Nor does it warrant that this information is up to date. Investing in public markets involves substantial risks, including loss of all or part of your investment, and emotional distress. All risks associated with investing , losses and costs, including all loss of principal, are your responsibility. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of FXStreet or its advertisers. The author is not on this page The information at the end of the published link is the responsibility of the author.
Unless otherwise expressly mentioned in the text of the article, at the time of writing, the author has no position in any stock mentioned in this article, and is not related to the No business relationship with any company. The author is not compensated for writing this article other than from FXStreet.
FXStreet and the author does not provide personalized recommendations. The author’s accuracy of this information , completeness or applicability of any kind. FXStreet and the author shall not be liable for any errors, omissions or any loss, injury or damage arising out of this information and its display or use. Errors and omissions are excluded.
The author and FXStreet are not registered investment advisors and nothing in this article is investment advice.
