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Silver bear market seen ending on Europe crisis: Commodities

Posted on 20 October 2011

Silver, the best-performing and most-volatile precious metal of the past year, may rebound from a bear market as investors bet on growth in developing nations and an extended European debt crisis.
The metal may average $38 an ounce this quarter and rise to a record $42 by the final three months of 2012, compared with $31.245 at 7:48 a.m. in Singapore today, according to the median in a Bloomberg survey of 11 analysts. The gains will mean record profit for producers Pan American Silver Corp. and Fresnillo Plc, analyst estimates compiled by Bloomberg show……………………………………….Full Article: Source


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