Silver Price Could Reclaim $30/Oz Title in 2013 ▸ Thomson Reuters GFMS

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Despite recent downtrends, silver prices could rebound to $30/oz this year according to Neil Meader, Thomson Reuters GFMS Head of Precious Metals Research. Kitco News’ Daniela Cambone spoke with him about the current fundamentals of silver such as mine supply and demand, fundamentals which Meader believes could be quite supportive of higher silver prices. Despite a minor slump in 2012, Meader states that silver industrial usage could hit a three-year high in 2013, which would undoubtedly be a strong support for demand-side fundamentals. Meader also expands on GFMS’ silver forecast and discusses the surging silver bullion sales, which thus far have outpaced 2012 sales by a considerable amount. Kitco News, April 25, 2013.

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