06.11.2015 - Forecast for Silver Prices: Bullish for Years to Come
Despite the negative sentiment towards the precious metal, the forecast for silver prices looks severely bullish. Investors shouldn’t be ruling out silver prices of $50.00 a few years down the road. In fact, they shouldn’t be shocked if the precious metal is trading well above $100.00 an ounce a decade from now. Silver prices hitting $100.00 may sound way too optimistic when the precious metal is currently trading at $15.00 an ounce, but it is possible. To state, we must ask one question: what happened between October of 2008 and April of 2011, when silver prices surged 488% in the matter of 30 months, from $8.50 to $50.00? It isn’t a secret why silver prices were shooting higher then: the financial crisis was full in force, the Federal Reserve was printing, and uncertainty at the global level was severe. So, investors rushed to the gray precious metal in order to find a safe haven to protect their wealth. What is also interesting to note is that during this time, mine production was increasing as demand was surging...............................................Full Article: Source
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