Mineweb.com - Massive silver price rise predicted - up to $600/ounce or more - INDEPENDENT VIEWPOINT | Mineweb

Mineweb.com - The world's premier mining and mining investment website Massive silver price rise predicted - up to $600/ounce or more - INDEPENDENT VIEWPOINT | Mineweb

Swiss asset manager Urs Gmuer reckons gold is due for a big increase, but silver even more so with the silver gold ratio coming down to as little at 10:1 based on supply criteria.

Author: Katy Barnato
Posted: Monday , 12 Sep 2011

NEW YORK (CNBC.COM) -

Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm said silver is set for an even greater upward run than gold, with the market due to correct a distortion in its pricing of silver in relation to gold.

Once this occurs, Gmuer said that silver prices would settle at 10 percent to 15 percent of gold. This implies that if gold reaches $6,200 per ounce, silver will peak at between $620 and $930 per ounce...........

http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=135249&sn=Detail

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