LBMA Sees Silver Prices Rising

Mineweb reported that the London Bullion Market Association predicts silver prices will rise this year, but not to record levels.

As quoted in the market news:

Taking the average of the analysts’ forecasts they anticipate an average silver price over the year of US$33.98 and a high of $44.49, but even this, which some might consider a conservative prediction,  still represents a substantial  39% increase over the current $32 price for the metal.

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