Silver Price Analysis: XAG/USD to rebound toward $25 by the end of this year – ANZ

The Silver price resumed its downtrend after touching $24.70 recently. Economists at ANZ Bank analyze XAG/USD’s outlook.

A supportive fundamental backdrop could gain investor attention soon

We expect investment demand to turn, consistent with fundamentals, and for prices to rebound toward $25 by the end of this year.

India’s imports of silver from the United Arab Emirates (UAE) are rising under the Comprehensive Economic Partnership Agreement (CEPA).

See – Silver Price Forecast: XAG/USD strives for interim support near $22.40 after strong Retail Sales data