Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
- After hitting a five-week high, the silver market has been unable to hold gains above $25 an ounce and one research firm, while maintaining its long-term bullish outlook, said that it sees further weakness in the grey metal heading into year-end.
"In short, we think there is further scope for interest rate differentials to extend the US dollar's recent rally over the rest of this year, weighing on the silver price," he wrote in the report. However, looking past this year, Thompkins said that he expects silver's fortunes to improve in the new year. He said he sees prices ending next year at around $25 an ounce.
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