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Silver prices to rise in second half of 2012, 2013: BNP Paribas

Posted on 30 July 2012

Silver prices may rise in the second half of 2012 and 2013, according to BNP Paribas S.A. (Euronext: BNP) in a commodity research note. The German bank also revised its average forecasts of $33.50 an ounce for 2012 and $41.70/oz for 2013.
Anne-Laure Tremblay, precious-metals strategist at BNP stated that,“ the assumption of a further round of monetary stimulus is at the heart of our forecast for a higher silver price, although we do not see it returning to its highs of April 2011.”……………………………………….Full Article: Source


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