$60oz Silver In 2-3 Years

Jan. 6 2011 |  With agricultural commodities trading at multi-year highs, Aaron Smith, managing director at Superfund Financial, says food inflation will be a key risk in Asia this year. He tells CNBC's Emily Chan that this will be particularly problematic for countries such as the Philippines and Vietnam.
 2 or 3 years? . AG just went fro 20 to 30 in 4 months! By the end of 2011 gold will be at minimum $1800 and silver $70  I think we'll see


I personally think $60 is conservative, as when the paper silver guys find there is no silver behind there paper, they will sell and buy real silver. It is looking more and more likely there is less silver in the world than previously thought and silver is used in many industries, so it is also a consumed metal. I think $100 per oz within the year.

Demand for Silver Increasing - Jaime Lomelin of Fresnillo

Fresnillo's Lomelin Sees Demand for Silver Increasing

Aug. 3 (Bloomberg) -- Jaime Lomelin, chief executive officer at Fresnillo Plc, talks about the outlook for silver and gold. The world's third-largest silver producer said first-half profit rose 82 percent after output and prices of the precious metal increased. Lomelin speaks from London with Maryam Nemazee on Bloomberg Television's "Countdown."