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- Silver Price Analysis: XAG/USD to rebound toward $25 by the end of this year – ANZ
Silver Price Analysis: XAG/USD to rebound toward $25 by the end of this year – ANZ
The Silver price resumed its downtrend after touching $24.70 recently. Economists at ANZ Bank analyze XAG/USD’s outlook.
A supportive fundamental backdrop could gain investor attention soon
We expect investment demand to turn, consistent with fundamentals, and for prices to rebound toward $25 by the end of this year.
India’s imports of silver from the United Arab Emirates (UAE) are rising under the Comprehensive Economic Partnership Agreement (CEPA).
See – Silver Price Forecast: XAG/USD strives for interim support near $22.40 after strong Retail Sales data
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