Thursday, June 9, 2011

Silver to retain status of 'star performer' for couple of years

SINGAPORE: Silver is expected to retain its status as a star performer in the precious metal constellation in the next couple of years, as investors are likely to continue to favour it due to its leverage to gold and favourable technical outlook, said Austria-based hedge fund Superfund on Tuesday.
The systematic technical trading fund, which has some $1.3 billion under management and can invest in around 120 futures markets, expected silver to trade between $80 to $100 an ounce by 2014, but declined to give a short-term price outlook.

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