http://resourceinvestingnews.com/70184-short-term-investors-killed-the-silver-price-cpm-group.html
Released yesterday, CPM Group’s Silver Yearbook 2014 calls for an
average 2014 silver price of $20.37 per ounce. That’s 23.8 percent
lower than 2013′s average of $23.75 and significantly down from the 2012
average of $31.17.
It’s not, however, too far off from what many firms predicted at the beginning of the year; it’s also in line with CPM’s October 2013 statement
that silver prices will “consolidat[e] through 2016,” finding support
“at an average annual price no lower than $18 an ounce” prior to that.
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