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<Research>Citi Raises Silver Price Forecast for Next 3 Mths to USD150/ Ounce
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Over the past two weeks, silver prices have surged by more than 30%, surpassing the target of USD100 per ounce set when it was at the USD85 level, according to a Citi research report. Citi maintains a long-term bullish view on silver both outright and relative to gold, expecting that this trend will continue over the coming weeks. In Citi's estimate, silver prices have an additional 30-40% upside potential in the coming weeks, targeting USD150 per ounce. Tactically maintaining a bullish outlook, the broker has also lifted the 0-3 month price target for silver to USD150 per ounce. AAStocks Financial News |
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