Silver Seen Over $40/Oz. In 2012: Store Of Value Remains Undervalued - Seeking Alpha

Silver Seen Over $40/oz in 2012 - Store of Value Remains Undervalued

Thomson Reuters GFMS, in its annual review of the market published by the Silver Institute, have said that silver could push towards $40/oz in the second half of 2012.

GFMS said that it does not expect silver to approach $50/oz. In February, last year GFMS said the same thing - that silver would reach $40/oz and not $50/oz. Silver subsequently rose to over $49/oz in April 2011.

Silver Seen Over $40/Oz. In 2012: Store Of Value Remains Undervalued - Seeking Alpha