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Silver to Peak Near $35 An Ounce Next Year, GFMS’ Klapwijk Says

Dec. 3 (Bloomberg) -- Silver prices may peak near $35 an ounce next year and average close to $30 on strong investment demand and continuing growth in industrial consumption, Philip Klapwijk, chairman of GFMS Ltd., a London-based research company, said today in Shanghai.

“Looking at next year, I think it’s safe to say that the economic and financial factors will continue to provide significant support for global investment in silver,” Klapwijk said.

To contact the editor responsible for this story: Bloomberg News at rdobson4@bloomberg.net

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