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DG365FD46564GFH654FU898 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 article here
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