XAG/USD to rebound towards $25 by year-end – ANZ

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Strategists at ANZ Bank analyze Silver (XAG/USD) outlook.

Investment demand to reverse

Silver is facing a double whammy: expectations of a rise in US interest rates curbing its investment appeal and a weaker Chinese economy weighing on industrial demand. These two drags are driving a recent liquidation of Silver investments. 

We expect investment demand to reverse, consistent with fundamentals, and for prices to rebound towards $25 by the end of this year.

See – Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ