Simon could be having some interesting discussions with Boabs ANZ account manager.
ANZ’s senior commodity strategist Damien Hynes says investment demand for gold and silver will pick up amid heightened geopolitical tensions and prospects of an easing monetary cycle.“This can lead to silver outperforming gold in 2024,” he says.
“Normally, silver outperforms gold in a rising gold price environment, but this didn’t happen last year due to lacklustre investment flows for both metals.
“Slower mine production growth and strong industrial demand also suggests supply is lagging demand, which will keep the market in a structural deficit.”
With key market drivers like easing rate cuts yet to materialise, Hynes lifts his gold and silver price forecasts through 2024 and 2025 with the anticipation that gold will trade around US$2,500/oz and silver to move above US$31/oz by the end of 2024.
https://unauthorised investment advice/resources/riding-the-tech-express-tomorrows-industries-that-are-driving-industrial-demand-for-silver/
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Simon could be having some interesting discussions with Boabs...
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Last
11.0¢ |
Change
-0.015(12.0%) |
Mkt cap ! $20.18M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 11.0¢ | $68.47K | 556.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 200908 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 21123 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.015 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 11.0¢ | 132080 | ||
| Last updated 15.50pm 03/05/2024 ? | |||||
| BML (ASX) Chart |