PRECIOUS METALS

CPM sees silver spike coming, but not this year

CPM Group forecasts that the silver price will average US$24.42/oz this year, with potential weakness in the June and September quarters, being recovered by price recovery towards the end of the year, principal Jeff Christian said during the launch of its 2023 Silver Yearbook.

 CPM Group's 2023 Silver Yearbook

CPM Group's 2023 Silver Yearbook

Christian said CPM expects a new silver spike within the next three or four years, which would propel it towards $50/oz, but cautioned that silver price spikes are short-lived. "When prices can spike,...

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