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Silver expected to grow in 2012 online investing

19th November 2011

Online investing experts could see silver hit $50 an ounce again next year, but the short-term picture was less rosy yesterday.

A strengthening dollar made the white metal and its yellow sister more expensive for foreign investors, so demand for both waned throughout Thursday's trading, with the price of silver at 0800 GMT this morning sitting at $31.77 an ounce.

However, Thomson Reuters GFMS has indicated that at $35.70, the average price of the metal in 2011 represents an 88 per cent year-on-year increase, which has caused the consultants to offer a favourable forecast for 2012.

Despite output being expected to increase and recycling coming to the fore, demand from online investing experts and makers of coins and medals should see the price of silver end next year up by around $10-15 an ounce.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.