Precious metals market analysts and traders who recently participated
in a Reuters poll don’t believe silver will perform as well during
2017 as projected earlier in the calendar year.
The recent poll of more than three dozen market participants suggest
the average price of silver will reach $17.32 per troy ounce, nearly 4
percent below the $17.98 per ounce forecast in a Reuters poll
conducted three months ago.
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The revised forecast is just 1 percent above the 2016 average price
of silver of $17.09 per ounce.
Of the four primarily traded precious metals — gold, silver,
platinum and palladium — silver was the worst performer during the
second quarter of calendar year 2017, which ended June 30.
There was a time when the Morgan dollar was
actually a half dollar:
Another column in the July 31 issue of Coin World explains how
collectors can create their own archival-quality holders for
oversized paper money.
However, Harish Galipelli, head of commodities at Inditrade
Capital, is quoted by Reuters as stating that silver, which is used
heavily in electronics applications, could experience a resurgence in
late 2017 going into 2018.
Reuters reports poll respondents believe silver could rise in 2018
to an average of $18.30 per troy ounce, the highest annual average in
four years. Still, the projection from the second quarter 2017 poll
falls 3 percent short of what was forecast in the first quarter poll.