Citi raises silver 0-3month price forecast to USD 150/oz (prev. 100 oz) citing strong speculative demand and tightening physical supply outside the US and it also warns short-term profit-taking from Chinese investors could pressure prices

Citi's upgrade of silver's 0-3 month price forecast to USD 150/oz, up from USD 100, reflects a bullish view driven by strong speculative demand and tightening physical supply outside the US. However, they also caution that potential profit-taking by Chinese investors in the short term may exert downward pressure on prices, indicating a mixed sentiment in the near term.