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BofA sees brilliant silver at US$20/oz

The gold:silver ratio is now a record gap, reflecting macroeconomic uncertainty but setting the stage for investment demand to push silver higher towards Bank of America Securities’ new 12-month price target of US$20/oz.

BofA sees brilliant silver at US$20/oz BofA sees brilliant silver at US$20/oz BofA sees brilliant silver at US$20/oz BofA sees brilliant silver at US$20/oz BofA sees brilliant silver at US$20/oz

Investment demand for silver is expected to drive the price up from decade-plus lows later this year

Metals strategist Michael Widmer said investment demand for silver had been very strong in recent weeks as seen in roaring coin sales and expanding assets under management at physically backed ETFs.