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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Giraffe who wrote (22475)	11/1/1998 4:54:00 PM
From: Alex	Read Replies (1) \| Respond to of 116761

Silver fundamentals quite positive: Macquarie Bank Platt's Metals Week, 26 Oct 1998, p 9-10 The Maquarie Bank Group, Australia's largest bullion bank, says that the overall fundamentals of silver are 'quite positive', with good demand coming from three types of end users, while mine supplies cannot readily be increased even if prices rise higher. The current silver price of around $5/oz is described as 'fair value'. The price is not expected to rise substantially over the short term, but the bank is optimistic about the silver market and silver prices in the long term. With a silver price above $7/oz there was virtually no demand in India - the biggest market - but with the price around $5/oz demand is good. The Asian economic crisis has reduced the level of industrial demand for silver in Asia, and this stagnation is likely to spread to the rest of the world in 1999. The bank has expressed cautious optimism about the outlook for silver, and forecasts a gradual move towards a more sustainable price of $5.50-$6/oz. Up to Contents