US gold, silver gain on inflations indications Thu May 31, 2007 11:52AM EDT
NEW YORK, May 31 (Reuters) - U.S. gold and silver futures raced higher on Thursday, as several inflation gauges show increasing pressure, traders said.
Both metals were also helped by the largest drop in the dollar versus euro in two weeks following a report that showed the U.S. economy grew at its slowest pace in over four years.
Silver futures start a big turn-around - Potosi, Bolivia — The silver, zinc and other metals under Bolivian soil are fetching their highest prices in decades -
World Silver Survey forecasts double-digit silver prices will continue
The Silver Institute has released GFMS’s World Silver Survey 2007, which forecasts double-digit silver prices, robust fabrication demand, uninterrupted mine supply.
GOLD & SILVER ANALYSIS GOLD TO REMAIN IMPORTANT TO SILVER PRICE