Saturday, December 5, 2020

Tag: Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20

Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20

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by Mark O’Byrne, Gold Core:
– Bloomberg silver price survey – Large majority bullish on silver
– Silver median “12 month-forecast” of $20
– Precious metal analysts see silver “24 percent rally from current levels”
– Investors are pouring money into silver ETFs
– Speculative funds bearish even as ETF assets rise to record
– Spec funds being bearish is bullish as frequently signals bottom
– Important to focus not just on silver price but on silver value
– “Important to note that all portfolios under all conditions actually perform better with exposure to gold and silver” – David Morgan (see video)