Sunday, March 7, 2010

Silver Market is Poised for Significant Pressure to the Upside

"The silver market is poised for significant pressure to the upside over the next decade. The amount of increase in investment demand is the primary driver, as this writer has stated from the beginning of this bull market. Additionally, the rate of increase of industrial use is much greater than the rate of increase of silver production. However, the total amount of silver produced by 2020 could be near the 800-million-ounce mark, an increase of 150-200 million ounces. The amount of increase in industrial demand will be conservatively 250 million ounces by 2020."

David Morgan is the founder and creator of the Morgan Report, and is often quoted as the most influential and knowledgeable person in the Silver Investment community. He is interviewed worldwide for his knowledge.