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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

$50 silver bullion predicted for 2012

Posted on 18 November 2011

The price of an ounce of Silver Bullion will exceed $50 by the end of next year, a leading precious metals consultancy has forecast. “We expect to see silver’s bull run continue,” says the Interim Silver Market Review from Thomson Reuters GFMS – whose base case is for Silver Prices to average over $45 per ounce during 2012.

Silver investment is predicted to be a key driver of higher prices. GFMS forecasts that silver investment – which includes Silver Bullion coins and medals – will reach 8600 tonnes (278 million ounces) for 2011………………………………………Full Article: Source


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