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‘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


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