Silver to outperform Gold in 2014: Bank of America Merrill Lynch

Silver Price Forecast
Looking at the silver market, BAML analysts are also lowering their average 2014 forecast for the white metal; however, they are a little bit more optimistic.

The analysts are expecting silver prices to average about $26.38 an ounce for next year, which is down 4.5% from their previous forecast of $27.63 per ounce.

The analysts explained that a rebound in economic activity would support silver prices as the metal also has industrial uses. They added that they have already seen silver imports into China increase in August.

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