Silver Outlook Modest At Best

MineWeb reported silver prices are expected to rise above $30 an ounce by the end of the year, but will unlikely break through $32 an ounce.

As quoted in the press release:

According to HSBC’s latest Silver Outlook report, silver prices are expected to move back above $30/oz by year end and remain relatively firm throughout 2013 but, this will be in spite of an expected surplus of over ground silver stock as a result of moderately increased mine production and scrap silver on the supply side and only moderate growth in industrial and physical demand.this year.

Click here to read the full report.