Here is an interesting interview of Andy Hoffman, a silver analyst for Miles Franklin, by FutureMoneyTrends.com. Andy believes that economic turmoil globally will push more people into precious metals and silver in particular, making the shorts in the market unable to cover without significant losses. He believes precious metals shortages are imminent.
The Motley Fool has an interesting article on Keith Neumeyer, CEO of First Majestic Silver, a major silver miner, predicting a $140 silver price.
Is silver really in such short supply that not only could it double in value from its current price, but triple or even quadruple? First Majestic Silver (NYSE:AG) CEO Keith Neumeyer says you would be crazy to think silver will be trading at $30 or $50 per ounce within the next few years. Nope, instead he believes silver will hit $140 per ounce, a ninefold increase from where it stands today.
Notably, Neumeyer believes the higher prices will be driven mainly by the increasing demand for silver in cellphones and other electronics, due to economic growth in emerging economies.
Also, he recently suggested silver could hit $1,000 and gold $10,000 in an interview with Future Money Trends: