Silver prices may climb as much as 38% in 2013 – GFMS
HONG KONG (Reuters) –
Silver prices may rise as much as 38 percent in 2013 from current levels, as a weak global economy spurs safe-haven demand for the precious metal, the global head of metals analytics at GFMS, a Thomson Reuters unit, said on Wednesday.
Spot silver has gained more than 17 percent so far this year, outstripping a rise of 10 percent in gold, and setting course for its third yearly rise in four. Silver was trading at around $32.50 per ounce by 1020 GMT.
…”We are thinking prices will trend higher next year. I’m not convinced that we are going to $50. I think we will definitely see $40 to $45 prices.”
New Large Silver Article to Come Out Tomorrow or Monday
My new silver article is finished. It will be coming out either tomorrow or Monday here on SilverDoctors (co-coinciding with the release of a rather big announcement here at SD). It will also be published on the various financial websites.
The article contains information and charts on certain aspects of silver that no one has ever seen before. I strive to put out original work as I am tired of reading the same old stuff regurgitated over and over.
All I can say is…..GO $100 Silver