It’s Not Just Investor Demand Pushing Silver Prices Higher
You've heard that silver prices are expected to increase amid growing demand for the precious metal, as investors worried about central bank and government spending policies seek alternatives to stocks. Money Morning Global Resources Specialist Peter Krauth said in his 2013 silver price forecast that the white metal, which closed at nearly $33 an ounce Wednesday, could hit $54 an ounce next year. In fact, Krauth said he likes to think of silver as "gold on steroids." But investors have largely overlooked another key factor that will contribute to higher silver prices over the next couple of years. That's global industrial demand for silver, which will start to take off in 2013. To continue reading, please click here...
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