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Silver to average $31.16/oz in 2013

Posted on 15 January 2013

Silver prices are expected to average $31.16 per ounce this year and some softness is expected as fear trade evaporates and speculators look to reduce their positions commensurately, said Sharps Pixley in a commodity research note.
According to the firm, an improved economy should encourage silver’s industrial demand, but “there is a danger that sharp rises will be seized upon by producers as an opportunity to sell forward, effectively capping the rallies. With primary mine production continuing to rise to new record highs, the onus is increasingly on the silver bulls to prove the case.”……………………………………….Full Article: Source


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