Sprott Money has brought silver guru David Morgan in for the 2nd installment of Ask the Expert.
Morgan states he expects silver to end 2012 between $35 and $40 an ounce, and will make new all-time nominal highs in 2013, surpassing $50/oz.
“Is it [silver] going higher? Yes. Is the overhead supply worked off? Answer, not yet, but it will be. I think we’re going to see a higher price in probably the $35 to $40 by the end of this year. Then in 2013, I do expect nominal prices to go into new highs, meaning $50 as a nominal high. Inflation adjusted, you’d have to expect $135 silver to be a new high in real terms.”
Full interview below: