BNP Paribas forecasted Silver to rise by more than 20% in 2012

A new report by BNP Paribas has forecasted Silver to rise by more than 20% from its present levels. Both Gold and Platinum are also expected to trade higher.

The bank expects silver prices to average $35.75/oz in 2012. Just over a $6 gain from where silver is currently trading- around $29.50/oz . A more than 20% gain! For those who seek safety of capital, 20% return will be an icing on the cake. But for those who expect prices to be $75-$100/oz, the report offers disappointment

Gold prices are expected to average $1775 over the next year. An 8% gain from current levels of $1630. 2013 Silver and Goldprices are projected at $49.75 and $2150 respectively.

Precious metals have been thrashed by investors over the past month. However, long-time investors continue to hold on to gold and silver since the price crashes have not occurred as a result of any fundamental weakness in these precious metals. But rather, a mass global liquidation that affects all asset classes. And as long as the fundamental strength remains, gold and silver are bullish. – CommodityOnline

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Posted by Silver Guru on Dec 21 2011. Filed under Silver Analysis, Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry