Analyst Predicts $165/oz Silver by 2015

November 13th, 2012 by

The Daily Telegraph is carrying an interview with asset fund manager Ian Williams of Charteris, who predicts a 400% rise in silver prices over the next three years.  “Silver is about to enter a sustained bull market that will take the price from the current level of $32 an ounce to $165 an ounce and we expect this price to be hit at the end of October 2015,” he predicted.

Williams notes that the re election of President Obama guarantees the continued U.S. policy of quantitative easing, which contributes to the fundamentals of a rise in silver prices.
by David Peterson