City group: The price of silver jumps with the loudness of the rise of gold

City Group expected the price of silver to continue its profits in the coming months, which will exceed the level of $ 40 an ounce in the coming months, powered by the scarcity of real supplies and the growth of investment question, while the group has repeated its cautious position to gold. Analysts, including Max Lighton, wrote in a research note that the bank increased its expectations for the price of silver over the next three months to $ 40 per ounce, from $ 38, and also expectations for the price of the metal during a period of six to 12 months to $ 43. In terms of gold, the bank kept its expectations unchanged, suggesting that prices may have already registered their highlight, with estimates still dropping below $ 3,000 per gram during the next year. Why bet on the rise of silver? Analysts wrote: “We expect the scarcity of silver supply to increase due to a continuous deficit for several years, in addition to complying with metal holders not to sell, except at high prices, as well as a strong investment rise on silver.” Analysts added: “The rise of silver prices has recently not been limited to an attempt to achieve gold gain, but also reflects strong basic principles that support the performance of silver.” The precious minerals recorded a strong performance between the commodities this year, as gold reached a record and jumped by more than 25%, supported by the purchases of central banks and investment flow to the circulating indicators, in addition to the escalation of the demand for secure ports as a result of the US trade war. Silver performs with silver gold, which is used at the same time as an industrial metal and financial origin, has exceeded gold in terms of profits recorded since the beginning of the year. Town analysts have indicated that Silver will also continue its profits, driven by “reducing the expected US interest rate by the federal reserve”, citing the expected tendency for monetary facilitation in the United States. “We emphasize our belief that gold prices may have already been recorded,” analysts wrote. Silver prices in immediate transactions have recently recorded slightly lower than $ 38 per gram, which has recorded a rise of about 31% since the beginning of the year, while the price of gold has reached about $ 3337, an increase of 27%.