BNP Paribas ups silver and palladium 2011 and 2012 forecasts

Platts.com reports that BNP Paribas has raised its’ forecasts for silver and palladium, because of recent activity.

The story is quoted as saying:

“We reiterate our view that palladium should again be the best performer of the precious metals complex in 2011,” Tremblay said. “The market deficit is likely to continue to increase. Moderate growth in supply (both from mining and recycling) may not match strong growth in demand, particularly in the autocatalyst and industrial sectors, which will continue to benefit from strong emerging market economic growth.”

To access the full story, click here.