Silver Investing News
January 15, 2014
Silver Investing News (SIN) reported last month in its 2014 silver outlook that most analysts see the white metal selling for about $21 per ounce this year. Since that time, not much has changed — in fact, both Moody’s Investors Service and Sharps Pixley have come forward with similar predictions.
However, some silver market watchers have higher hopes for the metal and believe that 2014 could bring increased silver market strength, as well as more impressive prices. Here’s a look at four of the factors they believe could make that happen.
1. Production costs
During the third quarter of 2013, silver mining costs averaged $21.39 per ounce, Tony Davis, owner of Atlanta Gold & Coin Buyers, states in an article published in The Paramus Post. That’s above the price that silver is currently selling for — $20.25 per ounce at yesterday’s close.