Silver Vaults Stuffed Mean Prices Rising 29% in ’13: Commodities – Bloomberg 12-19-12

Salient to Investors:

Global investment through silver-backed ETPs reached a record equal to more than 9 months of mine output. The median analyst, trader and investor expects prices to rise as much as 29 percent in 2013.

Hedge funds et al increased bets on higher prices 12-fold since the end of June, 50 percent higher than the average over the past five years.

Silver’s 100-day historical volatility is almost twice as high as gold.

Morgan Stanley predicts investors will add a further 500 tons to ETPs in 2013, and is a top commodity pick for 2013, along with gold, corn and soybeans, because it will be boosted by investor demand and a weaker US dollar.

Read the full article at http://www.bloomberg.com/news/2012-12-20/silver-vaults-stuffed-mean-prices-rising-29-in-13-commodities.html.

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