BMO downgrades gold and silver prices for 2023, upgrades uranium outlook

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BMO gold silver uranium BMO downgrades gold and silver prices for 2023, upgrades uranium outlook

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The analysts said that growing recession fears will continue to weigh on silver through the next two years. "We maintain that industrial silver demand is set to benefit from the rollout of 5G infrastructure, rising EV penetration rates, continued strength in the consumer electronics sector, wearable devices in the medical sector and accelerating solar power generation capacity additions.

It's not just the precious metals market that is expected to see further weakness throughout the entire commodity complex.

Source: Loan Digest (loandigest.net)

 

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quakes99 Lol will be upgraded when the economy is in the dumpster and chicken J Powell flip flops.

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