Silver predicted to fall 25% in 2011

Discussion in 'Silver' started by Photonaware, Dec 18, 2010.

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  1. duplo

    duplo New Member

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    +1

    have been subscribed to schiff's youtube channel for a while - very interesting. So is turd ferguson's blog (http://tfmetalsreport.blogspot.com)
     
    duplo, Jan 1, 2011
    #81
  2. Photonaware

    Photonaware Active Member

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    The amended Kitco report can be found here - http://www.kitco.com/reports/KitcoNews20101216Dec_outlook.html


    Extract copied as follows -

    Robin Bhar, senior metals analyst at Credit Agricole CIB in London, forecasts silver prices to average $29 an ounce in 2011, up from a previous estimate of $23, based on support from investor demand and a pickup in manufacturing. That forecast is down from the current trading price of around $30, which again underscores the volatile nature of silver.


    Note the price revision up from $23 to $29
     
    Photonaware, Jan 1, 2011
    #82
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