Silver prices to average $13 long-term but could challenge $20/oz in early 2010 – RBC

RBC Capital Markets suggests that supply factors remain a concern in the longer term just as dollar weakness will be a boost in 2009/10.

A short-term pull back in the price of silver in the next 4 to 8 weeks could well be on the cards after the sharp run-up seen since mid-July but, renewed demand late in the year and in the early parts of 2010, could see the metal challenging the $20/oz level.

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