Posted AT 6:42 AM EST on 17/06/08
Silver bulls predict price bounce
Silver has a reputation as a "poor man's gold," but some market watchers are betting the metal is poised to gain more respect.While its price in New York is off 17 per cent from its multidecade high of $20.66 (U.S.) an ounce in March, some predict it will rebound and blow past that peak by year end.
Silver futures for July delivery jumped 4.1 per cent yesterday to settle at $17.23 an ounce on the Comex division of the New York Mercantile Exchange.
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