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Silver price to hit $50 plus next year - Klapwijk

Posted on 18 November 2011

Thomson Reuters GFMS’s Philip Klapwijk Wednesday forecast an average silver price of $35.66 per ounce this year, a short-term forecast of $35-$40 through year-end, as well as a price above $50/oz by the end of 2012.

In a speech before the Silver Institute in New York City Wednesday night, Klapwijk said conditions next year are likely to remain supportive of additional growth in silver investment, underpinning silver price gains. However, as mine production of silver continues to grow, it could be a negative development for the silver price outlook……………………………………..Full Article: Source


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