Spot Silver Forecast: Silver price remains mildly bid around the eight-month high as it reverses the previous day’s pullback by rising to $24.40 during early Thursday.
Silver Price Forecast: Silver finds some support near the $19.00 mark and stages a modest recovery from over a one-week low touched earlier this Wednesday. The uptick allows the white metal to snap a three-day losing streak and stall its recent sharp pullback from the $21.25 area, or the highest level since late June.
Silver Price Analysis: Silver (White Metal) is trading slightly above the $20.50 mark. This price is the year-end forecast of strategists at Commerzbank for the precious metal.