Silver to Hit $39.75 an Ounce in 2013: LMBA

Bloomberg reported that a recent LMBA survey says that silver will reach $39.75/ounce in 2013.

As quoted in the market report:

Silver for immediate delivery traded at $30.7425 an ounce in London today and will jump as high as $39.75 this year, averaging $33.21, the LBMA survey showed. It reached a record $49.79 in 2011 and climbed 9 percent last year.

To view the whole Bloomberg report, click here.