Silver price to ‘increase 400pc in three years’
telegraph.co.uk
The silver bull run will continue says investment specialist Ian Williams of Charteris Treasury.
Silver will increase in value five times over the next three years, according to mixed asset fund manager Ian Williams.
“Silver is about to enter a sustained bull market that will take the price from the current level of $32 an ounce to $165 an ounce and we expect this price to be hit at the end of October 2015,” he predicted.
“This forecast is based entirely using technical & cyclical analysis and is in keeping with the mathematical form displayed so far in the bull run that has taken Silver from $8 an ounce in 2008 to its current price of $32 an ounce – having hit $50 an ounce in 2011.”
Mr Williams said that the silver price was more volatile than gold, but that he expected silver to continue to dramatically outperform gold.
The Charteris manager said that macro fundamentals were supportive for the silver price, such as the re-election of President Obama, who supports Ben Bernanke’s policy of quantitative easing.
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2012-11-14 07:02:58
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