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

Upside for silver to crest $50/oz in 2013 – GFMS

Posted on 30 November 2012

As a result of significant investor demand for silver as an alternative investment metal in the current uncertain global economic environment, precious metals consultancy GFMS on Thursday said the price for the white metal could top $50/oz in 2013.
During a webcast to present the preliminary findings of the ‘GFMS Inetrim Silver Report’, global head of metal analytics Phillip Klapwijk pointed to strong investment demand, albeit in a small market, and the rising intertwined gold price would lift the price of silver to between $33/oz and $47/oz, with a 25% probability for significantly higher prices………………………………………..Full Article: Source


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