PRECIOUS METALS

Silver a strong performer in 2016

SILVER prices have risen around 16% this year and are likely to rise further, according to Metals...

MiningNews.Net

This article is 8 years old. Images might not display.

The Comex silver price is currently $US16 an ounce, up from around $13.80/oz at the start of the year.

“A major change in market expectations regarding the number of US interest rate rises this year and the implications of this for the dollar spurred a sizeable flow of funds into precious metals,” Metals Focus director Philip Newman said.

The consultancy expects silver prices to average $17/oz in the December quarter, peaking at $19.20/oz.

“There is plenty of scope for renewed activity to help prices rally,” Newman said.

Gross investor longs in Comex silver futures reached an all-time high last month and exchange-traded funds have also seen a big jump in interest.

Supply is set to drop slightly, but continues to outpace demand.

“This will mean silver’s destiny over the rest of the year will remain tied to investment, and especially professional activity,” Newman said.

 

“This creates risks for further liquidations in the near-term, although such corrections should both be limited and short-lived.”

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.