SHANGHAI, Aug. 16 (SMM) – James Steel, Chief Precious Metals Analyst at HSBC Securities (USA) said silver price would trade higher citing a weak dollar and growing financial or geopolitical risks.
But the bank lowered the average 2017, 2018 and 2019 silver price forecast to $17.75, $18.25 and $18.90, respectively, down from $18.75, $19.25 and $19.50.
Georgette Boele, Coordinator of Currency and Precious Metals Strategy, expected gold price to slid to low-band of $1,200-1,300 in the coming weeks, as US data released recently bodes well to dolalr.
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