Silver forecast: To $30 in 12 months

Goldman Sachs forecast. I posted earlier on their gold forecast:

• Goldman Sachs 12 month forecast for gold is US $2300 / oz (from previous $2000)

For silver, $30 is their updated forecast, from previous $22 forecast.

Citing:

• more downside expected in US real interest rates
• "Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge"
• Pandemic measures taken for the economy will lead to a significant rise in debt in the future, which in turn will lead to policymakers allowing inflation to rise, boosting precious metal prices