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Gold and silver price forecast - silver's short-term upside shines

Commentaries & Views

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The potential for a short-term price spike for gold and silver as May Comex Futures roll forward, a reasonable amount to pay for 1,000 oz silver bars, and why April 2022 is different than April 2011.

CPM Group’s Jeff Christian discusses the short-term outlook for gold and silver. He touches on reasonable premia for 1,000 ounce silver bars. He then discusses the potential for a short-term price spike in silver prices as the May Comex futures contracts roll forward. He reviews data from April and May 2011, when the Comex May futures roll pushed silver prices sharply higher during April, only to fall back within five days once the roll was over. He contrasts the silver market in 2011 to that in 2022, saying such a spike is highly improbable given current market conditions, but emphasizes the effect the forward roll of nearby active futures contracts can have at times on prices.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.