It may seem somewhat hard to believe now, but silver began 2010 at $16.82. Perhaps even harder to believe – given that silver is now over $30 – is its low price of $14.82, which like gold was also reached on Feb. 5. In my forecast for this year I said: “Silver will eventually exceed its $50 per ounce all-time record achieved in January 1980. Will it happen in 2010? It is I think only a 20% probability, but that is high enough for me to mention it. We need to start thinking about silver hurdling above $50. If it doesn’t happen in 2010, this important event – which is unimaginable to many – will I expect happen in 2011.”

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