During a presentation Thursday morning in New York City to introduce the latest edition of the Silver Institute’s World Silver Survey 2012, Philip Klapwijk, global head of metals analytics for Thomson Reuters GFMS, said the group’s short-term forecast is that silver will trade between $28.70 to $32.90 per ounce in the second quarter, broadly shadowing gold.
“Before the end of 2012 a more decisive break-out to the upside is probable,” he said, “although a repeat of 2011’s high is less likely, as investors will be more cautious following last year’s extreme volatility.”……………………………………….Full Article: Source