PANews reported on October 13th that Bank of America raised its gold and silver price forecasts for next year to $5,000 per ounce (average $4,400 per ounce) and $65 per ounce (average $56 per ounce). The extreme imbalance in the physical silver market is likely to normalize at some point, exacerbating volatility.
Bank of America raises its gold and silver price forecasts for next year to $5,000 and $65 per ounce, respectively.
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