Silver In 2007: Even The Bears Are Largely Bullish

Source:

...Unanimously, all the 25 analysts who contributed to the LBMA silver forecasts predict a 2007 high of comfortably above the current price level with estimates of from $13.50 to $20 with an overall average of a little over $15, which means that, should any of these levels be reached there is good opportunity for the clever investor who can pick the peak to make a decent return.

...Among the various forecasts, those put out by the London Bullion Market Association (LBMA) are always of strong interest, not least because of the quality and reputations of those prepared to stick their necks out and make public their predictions of what will happen over the year. We have already looked at their gold forecasts and Iím looking at what these experts see as the prospect for silver over the 12-month period.

With silver largely tracking the gold price of late, it is hardly surprising that the yearís silver price forecasts somewhat mirror the gold price ones, but here a little more volatility seems to be anticipated. Unanimously all the 25 analysts who contributed to the LBMA silver forecasts predict a 2007 high of comfortably above the current price level with estimates of from $13.50 to $20 with an overall average of a little over $15, which means that, should any of these levels be reached there is good opportunity for the clever investor who can pick the peak to make a decent return.

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