Thu, Jan 29, 2015
A A A
Welcome preal121
RSS

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

‘Silver prices to average $35.66 in 2011, to rise to $45 in 2012′

Posted on 18 November 2011

Silver prices will aveage $35.66 an ounce in 2011 and will extend the rally to $45 in 2012, according to a Silver Interim Report Media Advisory, released by GFMS Thomson Reuters.

Prices for silver from January to November has averaged $35.70 representing a growth of 88% year-on-year basis. Silver prices continue to be driven by strong investment demand. Siver’s core fabrication demand (excluding coins) should rise next year, chiefly due to gains in industrial uses, it will nonetheless be exceeded by gains in mine production and recycling. The resultant silver market supply is expected to be once again be absorbed by investors, as the investment case for Silver remains in play……………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031