In a recent interview with TheStreet.com, legendary commodities investor Jim Rogers says he expects the silver price to surpass $50.
Rogers is a well-known authority on commodities investing. He predicted in his famous books like Hot Commodities and A Bull in 
Gold at $2000 is pretty clear to Rogers, who says the 1980 high for gold was over $2000 in today’s money.
As far as silver, $50 was its old high in 1980…it’s currently hovering around $30.
Not everyone agrees with Jim’s assessment on the silver market. VM Metals, a global consulting firm, recently raised its average 2011 silver forecast nearly $2 to $29.63 per ounce…they listed the 2010 average at $20.13…their report though says China has increasingly been importing silver for industrial uses.
Increasing imports and demand for industrial applications is another main reason why Jim Rogers predicts silver at $50 per ounce.
Silver has already seen tremendous gains in 2010. While gold has been grabbing the headlines with consistent record highs, silver has experienced a much higher price increase in percentage terms.
Gold – 26% gain in 2010
Silver – 70% gain in 2010!
Gold and silver prices often share a correlation with silver being the more volatile between the two. Since 2005, the correlation has been an astounding 97.4%!!
And according to our very own Josh Merrick, if the gold-to-silver ratio returns to its historic average of 1/16 (meaning 1 oz of gold will buy 16 oz of silver), we should see silver prices around $185 per ounce!
There’s really no telling when or if that would occur since the ratio is currently much higher than that. But even if it makes moves in that direction, you can expect the silver price to rise.
Either way, it’s not a bad idea to own some 1-oz silver rounds, American Silver Eagles or any of our other popular silver bullion products. Lock in your silver investments today and don’t miss out on one of the longest running bull markets in history.
