GFMS: Silver Prices to Climb 38% in 2013
The world's most respected precious metals consultancy, Thompson Reuters GFMS, came out last month with its 2013 forecast for silver prices . After being bearish on silver prices over the past few years, GFMS has come around and predicted a good year for silver investors in 2013, with gains as high as 38%. Philip Klapwijk of GFMS said "a rebound in investment demand stemming from continuing loose monetary policies is expected to drive silver prices towards and possibly over $50 during 2013." Klapwijk said buyer interest may not match that of 2011, but it will rise compared to 2012. "We wouldn't be surprised also if silver's gains outpaced gold's, not only as the usual result of lower liquidity but also as memories of early 2011's painful losses (in silver) continue to fade," said Philip Klapwijk, global head of metals analytics for Thomson Reuters GFMS. Here's why silver could be the precious metals star of 2013. To continue reading, please click here...
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