Silver Bear Market Seen Ending on Europe Crisis: Commodities

[pmbug]

Silver, the best-performing and most-volatile precious metal of the past year, may rebound from a bear market as investors bet on growth in developing nations and an extended European debt crisis.

The metal may average $38 an ounce this quarter and rise to a record $42 by the final three months of 2012, compared with $31.035 at 5:43 p.m. in Singapore today, according to the median in a Bloomberg survey of 11 analysts. The gains will mean record profit for producers Pan American Silver Corp. (PAA) and Fresnillo Plc (FRES), analyst estimates compiled by Bloomberg show.
...

http://www.bloomberg.com/news/2011-...seen-ending-on-europe-crisis-commodities.html

 

[FCHorn]

http://www.bloomberg.com/news/2011-...seen-ending-on-europe-crisis-commodities.html

Updates or thoughts?

 

[pmbug]

Yeah. I posted them here:

http://www.pmbug.com/forum/f3/silver-train-gold-76/#post346

I think the key word in the OP was extended. The Greeks appear to be taking that option off the table.