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- Thomson Reuters GFMS: supply of silver on the way of turning 12 years trend.
Thomson Reuters GFMS: supply of silver on the way of turning 12 years trend.
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Loading...The price of gold these days are ranged around $ 1,180 / oz. The continued growth in the current bond yields continued pressure, because raise opportunities investment costs of precious metals, which themselves do not bear real interest income. Yields on 10-year US Treasury have increased on Tuesday reached 2.3%, and 10 years in Germany, but slowly. The price of silver at the same time dropped to $ 16.15 / oz. This is minimum level of early May.
The dynamics of the market movements of silver in recent weeks compete with the dynamics in gold. The gold/silver ratio has decreased. According to forecasts of Thomson Reuters GFMS should increase the price of silver at the 2015 to about $ 17 / oz. If the forecast is realized, we will celebrate the first annual growth for the previous 3 years. GFMS suggested that after declining by 4.1% in 2014, the physical demand for silver in this year grew while the oncoming supply will decline by about 4%. All this could be summarized as the finalization of the 12 annual growths in supply.
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