Citi Raises Short-Term Silver Target to $150 as Rally Extends; $300 Outcome Deemed Extremely Unlikely
Citi has lifted its near-term silver price objective to $150 an ounce, citing continued momentum driven mainly by capital flows and retail investment. The bank expects a further 30-40% increase over the next 0-3 months, while saying a rise to around $300 an ounce would be an extremely unlikely outcome. The rally has already sent silver to roughly $…