UBS Increases Silver Price Expectations for 2012 and 2013

Commodity Online reported that Swiss investment bank UBS raised its 2012 and 2013 price forecasts for silver.

As quoted in the market news:

“The open-ended nature of QE … promises longevity for a higher gold trade and the quantitative easing and strength in gold also supports silver,” the Swiss bank noted.

Click here to read the full Commodity Online report.