| Silver prices should range from $33 to $47 per ounce and perhaps test a price of $50/oz, Phillip Klapwijk of Thomson Reuters GFMS advised Thursday. During a conference call conducted Thursday under the auspices of the Silver Institute, Klapwijk forecast that silver prices may hit $36/oz this December and average $40-$42 per ounce next year.
As GFMS previously reported silver mine production is expected to rise by 33 million ounces or 4% this year, “driven by a strong project pipeline, high precious metals prices and a healthy performance by the base metals sector.”..............................................Full Article: Source
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