Major Bank Raises Their Silver Price Target

April 25, 2023

As another trading week begins, the news of countries making arrangements to move away from dollar dependence continues.

In the last week, the Bank of Zimbabwe introduced a gold-backed digital currency, Bolivia agreed to trade outside of the dollar with Russia, and Russian foreign minister Sergey Lavrov began a 5-day tour in Latin America to further develop economic relationships that don't require dollar involvement.

So in this week's report from Vince Lanci of Goldfix Substack, Vince talks about the latest developments in the de-dollarization movement, and also comments on a recent report from one of the large US banks where they increased their silver price target.

Which was a bit unusual, as the banks are generally reticent to even mention silver. Yet the report talked about how the market is facing the ideal conditions for a higher silver price, and raised their price target substantially.

Vince digs through the report, gives his analysis on what you can take away from it, and also touches on the latest precious metals developments that have taken place over the past few days.

So to stay up to date on the most important gold and silver news, click to watch this video now!

Arcadia Economics

*********

The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

Silver Phoenix Twitter                 Silver Phoenix on Facebook