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BofA thinks silver could rise above USD 100/oz again this year; targets gold at USD 6,000/oz

Newsquawk Staff ·

BofA thinks silver could rise above USD 100/oz again this year; targets gold at USD 6,000/oz.

What it means

Bank of America’s bullish outlook on silver and gold suggests significant price appreciation potential this year, driven by factors like inflation and safe-haven demand. If both metals rally as forecasted, it could have implications for inflation hedging strategies and impact currency flows, particularly toward commodity-linked currencies.

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