Silver to surpass $50/oz, Gold to reclaim $1900/oz by late this year

by Smith Mckenna, Bullion Street:

The precious metal boom that was cut short in 2011 could be making a strong comeback in late 2012 and over the next few years, said Stephen Smith, managing member of Smith McKenna, LLC.

He said the metal to keep a watchful eye on is silver. Analysts and precious metal experts are in harmony on predictions of silver surpassing $50/oz. and gold edging above $1,900/oz by as early as year end.

Investing in silver ahead of the future outlook for both the global economy and manufacturing sector could prove to be very rewarding. 2011 marked the end to a bullish few years which made a lot of people very wealthy.

While gold is still expensive, silver is the commodity that investors should be paying special attention to. Silver in relation to gold is priced substantially lower; it’s undervalued and is expected to respond bullishly over the next few years.

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