14
March
Silver Will Rise to $50 on Demand, Supply Drop, Hightower Says
14 March 2011 Bloomberg.com
Silver prices will rise to $50 an ounce before the end of this year on increased global demand and declining inventories of the metal, said David Hightower, president of the Hightower Report in Chicago.
Record gold prices will shift consumer demand to jewelry made from the cheaper silver, especially in India, Hightower said today at a R.J. O’Brien & Associates LLC client conference in Chicago. Investors also will boost purchases of silver to hedge against inflation, he said.
