The Goldman Sachs analysts, in their latest research note, revised up the silver-price forecast to $30 vs. the previous $22 projection.
Key quotes
“More downside expected in US real interest rates.”
“Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge”
“Pandemic measures taken for the economy will lead to a significant rise in debt in the future, which in turn will lead to policymakers allowing inflation to rise, boosting precious metal prices.
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