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GFMS: Silver up 38pct, ‘possibly over $50′ in 2013

Posted on 19 November 2012

Gold and silver have traded a bit lower on Friday and are both heading for a loss of 1% on the week in dollar terms. This is to be expected after the 3% and 5% returns of last week and the trading action this week has all the hallmarks of consolidation.
Interestingly, the sharp falls seen in the Japanese yen this week have created the unusual situation of gold and silver prices being nearly 1% higher in yen terms while lower in most fiat currencies……………………………………….Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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