Silver prices to average $28/oz in 2011-GFMS

Reuters Africa reports that Silver is likely to rise above $30 an ounce and average $28 in 2011.

The market news is quoted as saying:

For 2010, GFMS expects fabrication demand to rise 10 percent as a recovery in industrial uses, record coin demand and slight growth in jewelry off-take offset losses in photography and silverware fabrication.

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