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LBMA 2016 Forecasters Predict Precious Metal Price Increases

Topics [ gold prices platinum prices buy silver bullion online silver prices buy gold bullion online ]

RESEARCH AND ANALYSIS

At the beginning of each year the London Bullion Market Association (LBMA) polls a range of respected precious metals analysts in the large banks and independent consultancies for their forecasts for metal prices for the coming year. This year contributors are “predicting price increases across the board for all four metals”.

Their forecasts for the average price during 2016 are:

 • Gold – $1,103, ranging from $978 to $1,231

 • Silver – $14.74, ranging from $12.63 to $16.78

 • Platinum – $911, ranging from $748 to $1,076

 • Palladium – $568, ranging from $413 to $674

LBMA forecasts have been quite accurate historically.

This year the range of forecasts for gold is quite tight, indicating more consensus or confidence amongst the analysts about gold. The most pessimistic analyst is René Hochreiter who forecasts a low for gold during the year of $850 while Martin Murenbeeld sees a high of $1,375.

The LBMA analysts are less accurate in the case of silver. This year their range is wider but overall see a downtrend. Bernard Dahdah sees a low for silver of $11.00 with Philip Newman seeing silver getting as high as $19.50 during 2016.

Click here to download the LMBA Forecast 2016.

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