Speaking at this year’s Prospectors & Developers Association of Canada (PDAC) convention, Jeffrey Christian, managing partner at CPM Group, shared his outlook for gold and silver prices moving forward. ‘We’re looking for record gold prices (in 2024) … we’re looking for a significant, in our mind, increase in gold prices,’ he said. ‘We’re looking at an average price of maybe US$2,050 (per ounce), up from US$1,950 last year.’ Christian sees more of a move happening in the third and fourth quarters as worries increase among investors. In terms of silver, Christian said CPM Group thinks US$20 to US$22 per ounce will be its low range for the year, while US$27 or US$28 will be its high point. As with gold, the firm expects the silver price to pick up toward the end of 2024. All in all, he sees 2024 as ‘another year of living dangerously’ — a phrase CPM…
