Investment Demand to Push Silver to Over $50/oz by Late 2012

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.

Click here to read the full Mining Weekly report.