15
March
Silver Prices to Hit $45 in 2011, Poll Says
15 March 2011 The Street
How high silver prices will go has been a hotly contested debate. Silver prices are up 16% in 2011 and more than 27% since February. Silver reached a 31-year high when it settled at $36.04 an ounce in March. The popular silver ETF iShares Silver Trust(SLV_) currently holds 10,974 tons of silver worth $12.6 billion.
Silver suffered as investors rebalanced their portfolios at the start of the year but then recouped losses on hopes of an economic recovery (industrial metal) and turmoil in the Middle East and North Africa (safe haven metal) with $1-$2 price swings becoming the norm.
http://www.thestreet.com/story/11041353/1/silver-prices-to-hit-45-in-2011-poll-says.html
