Citi Loves Silver, Raises Forecast Over $30

April 19, 2024

Vince Lanci has been covering the deluge of bank reports that have been upgrading their gold price targets. But today he looks at silver, and a bullish report by Citi that includes an upgrade to over $30 per ounce.

Keep in mind that outside of the spike to $50 in 1980 and the spike to $49 in 2011, silver has not traded above the $30 level, aside from a few hours during the silversqueeze in 2021. So it's a significant level, which has acted like a ceiling in the past few years, with silver trading right up to $30 several times but getting sent lower on each occasion.

To hear the latest from Vince, and what he makes of the report, as well as the latest gold and silver news, click to watch this video now!

Arcadia Economics

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