MarketWatch February 3, 2012 By Myra Saefong Silver has given a stellar
performance so far this year, but it's not likely to outperform gold for the
rest of 2012. At last check, silver futures prices has climbed around 19% year
to date, while gold has added 11%. Renewed concerns about the euro zone will
probably drive further gains in the price of silver , from around $34 an ounce
to around $42 in 2013, said Ross Strachan, commodities economist at Capital
Economics, said in a note issued Friday. Recovery in the global economy will
likely disappoint, he said. So, "the main support for silver prices will
therefore have to come from investment demand. This should remain strong and
indeed strengthen further, driven by a renewed escalation of the crisis in the
euro zone." But Strachan expects silver will still underperform gold because
of its "greater dependence on industrial demand and because its increased
price volatility makes it less attractive as a safe haven." View the original
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