Silver prices may rise to $150 in 18 months
By George Maniere
19 September 2011
Silver prices are once again enjoying a run-up as they did from January through April. During that period they doubled and briefly touched $50 an ounce before settling back down to the low $30s.
As I write, Silver prices are back above $40 an ounce and that may be giving you the urge to sell. I would advise that you don’t. This recovery is for real, and it has much further to go.
While I have a price target of $50.00 by years end, I anticipate silver prices will peak at $150 an ounce in 18 months.
Central banks around the world are pushing lax monetary policies and this leads me to conclude that prices for all commodities (gold and silver in particular) will rise.