Silver May Be Twice as Expensive by End 2012

Market Oracle reported that some analysts see silver prices doubling by the end of the year.

Analyst Jason Hamlin said:

While we could see one more quick dip below $30, I think any talk of a decline to $25 or lower is now firmly off the table. Silver is currently facing resistance at the critical level of $35. If it breaks to the upside through this level, I believe silver will quickly climb to challenge the $50 mark once again and reach a high between $55 and $65 by year end.

Click here to read the full Market Oracle report.