| Haywood Securities Wednesday forecast higher near-term silver prices averaging US$38 per ounce in 2011 supporting a low gold-to-silver ratio of 41:1, with a long term price declining to $20 per ounce in 2017 supporting a higher gold-to-silver ratio of 58:1.
"Investor interest in silver is expected to keep prices at or close to current levels over the near term, supported by a high level of open interest and activity at COMEX silver future contracts, a large amount of silver-backed silver ETFs, and strong demand for silver coins," said Haywood metals analyst Chris Thompson..............................................Full Article: Source
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