ScotiaMoccatta sees plenty of upside potential in silver, platinum and rhodium

ScotiaMoccatta's annual forecast for precious metals for the year 2010 is looking for silver to trade a wide range driven by strong investment buying and an increase in fabrication. Gold is forecast to trade between $850 and $1,400 while platinum is called at between $1,100 and $1,900. Palladium is expected to range from $250 to $420 while rhodium is expected to register the highest gains, trading between $1,400 and $3,000. The studies review both supply and demand patterns in all the precious metals; this is a brief distillation of part of the PGM assessments.

Based on the fixing prices on 22^nd October, the high ends of these ranges represent the following gains;

Rhodium 67%

Silver 42%

Platinum 40%

Gold 33%

Palladium 25%