Thomson Reuters GFMS - $50 (by end of 2012) "Philip Klapwijk forecast...a price above $50/oz by the end of 2012...Klapwijk said conditions next year are likely to remain supportive of additional growth in silver investment, underpinning silver price gains...'Investor interest remains strong due to a favorable financial backdrop and in spite of two major sell-offs,' Klapwijk observed. Meanwhile, he added, underlying secular growth in industrial demand continues, with much of this relatively price-insensitive, particularly in the short-run." - Philip Klapwijk
Source: MineWeb (Nov 2011)
Leeb Capital Management - $60.00 (in 2012) "I'm going to be very, very conservative and say silver will finish 2012 at $60. It's going to make new all-time highs." - Stephen Leeb
Source: KingWorldNews (Dec 2011)
Sprott Asset Management - $60-$70 ("within months") "...it's hard to get silver and you have to pay premiums for it. The real price of silver is in the physical market...[W]hen the paper market is broken, and I think we're close to that happening, silver will double overnight into the $60 to $70 area and that could happen within months." - John Embry
Source: KingWorldNews (Nov 2011)
Professional Numismatists Guild - $48.73 (average in 2012) "Dealers in gold and silver coins expect higher prices next year, according to a poll released Tuesday by the Professional Numismatists Guild. Predictions about silver [called for an] average of $48.73 by the end of 2012, said the guild, which is based in Temecula, Calif." - Survey Results
Source: Sacramento Bee (Dec 2011)
More Silver Focecast
No | Company | High | Low | Average |
1 | Fastmarkets | 53 | 24 | 32.15 |
2 | Deutsche Bank | 45 | 26 | 37 |
3 | Barclays Capital | 45 | 22 | 32.5 |
4 | LGT Capital Management Ltd | 50 | 25 | 42 |
5 | QCR Quantitative Commodity Research Ltd | 45 | 25 | 33.9 |
6 | VM Group | 42.5 | 24.1 | 31.4 |
7 | Allan Hochreiter (Pty) Ltd | 48 | 28 | 38 |
8 | JPMorgan Securities | 36 | 26 | 34 |
9 | Mitsui & Co Precious Metals Inc | 44.6 | 19.2 | 30.95 |
10 | Credit Suisse Securities (Europe) Ltd | 42.6 | 24.2 | 32.8 |
11 | Thomson Reuters GFMS | 45.05 | 26.85 | 34.2 |
12 | Sumitomo Corporation | 33 | 23.5 | 28 |
13 | Sharps Pixley Ltd | 50 | 20 | 37.35 |
14 | MKS Finance S.A. | 50 | 27 | 36 |
15 | LBBW | 37 | 22 | 31 |
16 | INTL Commodities | 50.25 | 22.25 | 36.25 |
17 | CPM Group | 35 | 20 | 27 |
18 | Standard Chartered Bank | 48 | 26 | 39.2 |
19 | HSBC | 38 | 27 | 34 |
20 | BNP Paribas | 47 | 24 | 35.75 |
21 | UBS | 50 | 24 | 35 |
22 | Mitsubishi Corporation International (Europe) Plc | 45.1 | 24.15 | 32.95 |
23 | BN Vaidya & Associates | 48.1 | 21.25 | 29.2 |
24 | BAML | 40 | 25 | 34 |
25 | Degussa Goldhandel GmbH | 44 | 25 | 35 |
Average | $44.49 | $24.06 | $33.98 |
Source : Goldline & Kitco
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