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Citibank raises silver target price to $150/oz
GateNews
BlockBeats News, January 27 — Citigroup has raised its silver price target from $100 per ounce to $150, citing strong speculative demand and tightening physical supplies outside the US. However, it also warns that short-term profit-taking by Chinese investors could put downward pressure on prices. Silver futures surged above $115 per ounce on Monday but have since fallen 5.7%.
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