The Latest News:
- Silver futures are trading around $21.0 per ounce.
- Silver won’t find support from India’s markets as the government maintains an import duty of 10%.
- “Physical demand in the major consuming Asian region, and particularly India and China, remains below average,” Aurobinda Prasad, head of research at Karvy Comtrade, said in a Reuters article.
- Silver prices are expected to average $20.2 per ounce this year, down 15% from $23.78 an ounce in 2013.
- “I expect silver will continue to underperform gold as … it will not benefit from safe-haven demand,” Daniela Corsini, an analyst at Intesa Sanpaolo, said in the Reuters article. “I expect industrial demand for this metal will not be strong enough to significantly erode the market surplus.”
Credit Suisse Silver Shares Covered Call ETN
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.