Silver To Climb 47% in 2013

After the meteoric rise of silver earlier this year to a high of $37.23 per ounce (/oz.), prices slumped back down to $28.78/oz. A rally starting in mid-June hit a plateau around $34.

Silver is up over 18% in 2012 and up 27.5% since mid-June

You might be considering moving out of a position to capture gains. According to Silver Wheaton CEO Randy Smallwood, that would be a very bad idea.

Smallwood sees silver prices climbing to $40/oz. within six months with a possible 47% rally from current prices to $50/oz. in 2013.

The action will be driven by the unlimited quantitative easing the Fed is using to dump cash into our weakening economy.

As he stated in an interview with CNBC's Furture's Now: “Obviously, in certain directions, it all comes down to how many us dollars are being printed to carry or restart or build on the economy here in the United States.”

Check out his predictions in the video below:

Add a Comment (Pro Members Only)

More like this...