#Natixis If last year’s mass exit from gold ETPs was followed this year by sales from #silver ETPs... we could see silver prices fall to an average of $15/oz in 2014 and $10/oz in 2015 @Mineweb

At 19,700 tonnes, the amount of silver held in physically backed ETPs (exchange traded products) is equivalent to almost 80% of 2012’s mined output. If last year’s mass exit from gold ETPs was followed this year by sales from silver ETPs, this could rapidly turn into a substantial new source of supply just as happened with gold last year. Under these scenarios we could see silver prices fall to an average of $15/oz in 2014 and $10/oz in 2015."



See the whole story on Mineweb: Natixis warns of extra risks to silver price over gold - GOLD NEWS - Mineweb.com Mineweb