The Globe and Mail reports in its Wednesday, June 25, edition that equity analysts at National Bank Financial see the macroeconomic backdrop remaining "supportive" for precious metal prices in the near term, pointing to "ongoing political uncertainty, declining real rates, persistent inflation and central banks remaining net purchasers." The Globe's David Leeder writes in the Eye On Equities column that in a research report released Tuesday, the firm updated its commodity price deck, remaining bullish on the outlook for prices in the months ahead, particularly for silver due to "continued supply deficits, seasonality and heightened silver outperformance later in precious metals rallies." National Bank analysts say in a note: "We have updated our estimates, metals prices and FX rates to reflect the current price environment and have also increased our long-term gold and silver price forecast to $2,600 per ounce (was $2,500/oz) and $29/oz (was $28.00/oz)." They also see an improved near-term outlook for copper. National Bank analysts continue to rate Endeavour Mining "outperform," with a $57 share target, up from $51. Analysts on average target the shares at $47.59.