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Silver to out-perform gold as both climb further

An environment of rising gold prices and improving sentiment towards the global economy should see the price of silver out-perform its fellow precious metal. We are raising our forecasts for silver from $20 to $23 per ounce for end-2015 and from $23 to $25 for end-2016. This implies gains of around 25% and 37% respectively from today’s levels of just above $18.

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