HSBC Positive On Silver Going Into 2017

Silver is expected to stay “well-bid” in the second half of 2016, according to an HSBC Global Commodities report. Looking at supply and demand economics, one side of the equation is anticipated to remain consistent while the other is expected to rise. The positive HSBC comments come over three months after BAML made similar comments on the silver price breakout being real. Silver is moving higher once again in unison with gold After taking a breather much of July, muting the performance of momentum models that had been long silver and gold, the metal has recently been on a continuation…