Silver Shortages Continue
According to Pan American Silver CEO Geoff Burns, “…end users on the commodity side are having trouble locating silver…”
Burns continues to describe that from his perspective he sees pricing support that will in turn, uptick the flow of silver into the markets as investors come back into the market to capitalize on the high silver prices.
Deutsche Bank has forecast $50 silver in 2012. Investors are going to stay with silver because the value of the dollar is going down each day they wake up.
Burns has been focused on silver and is planning to expand silver operations over time.
Source:
King World News
February 5, 2011
Mining