(Bloomberg) -- Silver may jump 15 percent by year-end
on increasing investor interest and limited supplies, said
Philip Klapwijk, executive chairman of precious-metals research
company GFMS Ltd.
Total silver supplies slipped 1.5 percent last year to
911.8 million ounces, GFMS said in a report published today by
the Washington-based Silver Institute. There is ``a pretty good
chance we're going to see another spike before 2007 is over'' and
the price could touch $15 an ounce, Kalpwijk said during a
presentation to investors in New York today.
Read more at Bloomberg Commodities News
on increasing investor interest and limited supplies, said
Philip Klapwijk, executive chairman of precious-metals research
company GFMS Ltd.
Total silver supplies slipped 1.5 percent last year to
911.8 million ounces, GFMS said in a report published today by
the Washington-based Silver Institute. There is ``a pretty good
chance we're going to see another spike before 2007 is over'' and
the price could touch $15 an ounce, Kalpwijk said during a
presentation to investors in New York today.
Read more at Bloomberg Commodities News
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