Silver shock: Bank of America predicts $65 as London market hits state of seizure

Silver price is surging. Investors and industries are scrambling as supply tightens. Bank of America now predicts silver could reach $65 per ounce. The London bullion market faces severe strain, creating a rare supply crunch and pushing prices higher. Silver's use in electronics and solar energy technologies has been increasing, further tightening supply. While the outlook for silver is bullish, Bank of America cautions that a near-term correction is possible.

from News-Economic Times https://ift.tt/m7R9iDV