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Silver prices rise, how high will it go?

ByVictoria

“Silver is showing signs of relatively higher momentum with the price trying to breach the crucial US$ 33 level,” Emkay said

Given silver’s diverse industrial applications, its price is projected to rise from its current level, reaching $36.60, $38.70, and $39.30 on COMEX, it said.

“Investing in silver funds with a 12 to 18 months’ time horizon is likely to be a worthy proposition.”

The gold-silver ratio is currently around 90, which suggests that silver is currently undervalued.

Source – invezz

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