Silver to Gain on Investment, Industry Use, Deutsche Bank Says
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Silver, trading near a 30-year high, may climb as much as 21 percent next year on demand for an investment that protects wealth and also may benefit from industrial usage, according to Deutsche Bank AG.
Silver has outperformed gold, global equities, Treasuries and most industrial metals this year and may peak toward the end of 2011 at $26.50 an ounce, said Daniel Brebner, an analyst at Deutsche Bank in London. The metal will average $24.25 next year, according to Brebner, who correctly forecast it would reach $22 by this December.