Silver Price Analysis: XAG/USD should do well in the later part of the year – ANZ

Silver price has plunged 16% so far this year. Economists at ANZ Bank expect the precious metal to perform better by the end of the year.

Silver price action diverges from fundamentals

“Normally, Silver outperforms Gold in a rising price environment, suggesting Silver should do well in the later part of the year.”

“From a supply-demand perspective, the market is expected to remain undersupplied for this year.”

See – Gold Price Forecast: XAU/USD bullish momentum continues, eyes on next resistance at $1,960 – ANZ