Commodity Online(Editorial) reports silver gained as commodities showed mixed start with the announcement of rescue plans to the ailing banks.

Silver rose 42 cents to open at $10.60 per ounce, while platinum and palladium showed modest gains – the former adding $5 to $992 and the latter gaining $7 to $196 per ounce.

Analysts look for the price of the white metal to rise to between $14.50 and $24 by the end of next year’s first quarter. December gold has rallied already from a 2008 low last month of $739.80 to October 10 peak of $936.30. Silver could soon follow that trend. This is especially the case since above-ground silver inventories are less than in gold, Even though we didn’t have a significant gain in the last two weeks of total chaos, it could still happen and silver historically was viewed as currency before gold.

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