Silver Projections for 2014 Time to Buy Silver!
By Joseph Cafariello
Monday, December 16th, 2013
How many gold and silver investors are still hanging in there? Anybody?
Well, chins up, precious metals fans — because 2014 should see a broad range for precious metals prices, from slightly below to well above current levels, with an even broader range expected for silver...
Broad Spectrum of Predictions
Naturally, we're not surprised to hear long-term silver bulls calling for higher silver prices going forward.
“Silver To Hit New Highs Despite Bearish Forecasts,” reads a headline from Silverseek.com.
“One Trigger Event is About to Send Silver to All-Time Highs,” proclaims another from The Market Oracle.
But even large, international commodity research firms see the metals bull run as having plenty of life left. Research and consulting firm CPM Group expects to see silver “continuing a secular bull trend that began at the turn of the century.”
Bank of America’s Merrill Lynch (NYSE: BAC) wealth management division expects silver to reach $26.38 next year, up a tidy 35% from current levels. Analysts explained that an improving global outlook in economic activity would buoy silver, which has numerous industrial uses, and should help it outperform gold in 2014.
But we have to be balanced, as there are many other predictions to consider...
Canada’s Bank of Montreal (TSX: BMO), for instance, recently reported it was neutral on silver and gold, setting $21 and $1,275 targets for the metals in 2014, a mere 10% and 5% above today’s levels. Still not a bad return, though.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Posted by ciblek