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Investment Demand to Push Silver to Over $50/oz by Late 2012
Nov. 17, 2011 11:23AM PST
Silver InvestingMining Weekly reported that Thomson Reuters GFMS sees silver prices topping $50 by the end of next year.
Mining Weekly reported that Thomson Reuters GFMS sees silver prices topping $50 by the end of next year.
As quoted in the market news:
GFMS said that it expected to see silver’s bull run continue, with the average price expected to be in excess of $45/oz in 2012. Meanwhile, the report also noted that world investment in silver was expected to reach 278-million ounces in 2011, its second-highest volume in the GFMS data series.