Citi Raises Silver Price Target to $150 Per Ounce

BlockBeats News, January 27th, Citi raised its silver price target from $100 per ounce to $150 per ounce, citing strong speculative demand and tightening physical supply outside the United States. However, it also warned that profit-taking by Chinese investors in the short term could put pressure on the price. Silver futures surged to over $115 per ounce on Monday before falling 5.7% from that level.