Citigroup analysts foresee a significant increase in silver’s value, potentially hitting $30 per unit within the next 6-12 months, according to the multinational bank’s latest silver assessment. The experts at Citi predict an ongoing decline of the U.S. dollar and anticipate a decrease in the federal funds rate at some point.
Silver’s Value Poised to Surge to $30 per Unit in 6-12 Months, Citigroup Analysts Foresee
On Thursday, May 25, 2023, the price of silver per ounce lingers just above the $23 mark after experiencing nearly a 4% decline over the past week. Nevertheless, half-year data reveals that silver has risen 6% against the U.S. dollar. Despite recent setbacks in precious metal valuations, market experts forecast strong performances from silver and gold in 2023 and beyond. A Citigroup report highlights that their analysts project silver to climb to $30 within the coming 6-12 months.
“We think recent price weakness offers a strong dip-buying opportunity, reiterating our
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