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

Why the price of silver is headed to $50 by 2013

Posted on 16 October 2012

Silver prices kicked off October reaching a six-month high near $35 an ounce as investor interest has been rekindled in the white metal. Renewed investor affection for the precious metal in the past few months is in sharp contrast to investor interest in silver over the last year and a half. Many precious metals investors had largely stayed away from silver in that time frame after some had got caught up in its volatility. Silver had touched a 30-year high in April 2011 before plunging 35% in just a few short weeks.
Silver has climbed 35% from its June low just above the $26 an ounce level. This performance made it the top performing star in the commodity universe for the third quarter, with hints of more fireworks to come………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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