How High Can Silver Go?

by Kevin McElroy
Seeking Alpha
Nov. 02, 2010

Legendary commodity investor and hedge fund manager Jim Rogers recently pointed out that silver prices are 50% below all time highs.

Hes talking about the brief momentary highs of nearly $50 an ounce back in 1980. With silver currently selling for less than $24 an ounce, Mr. Rogers is technically correct. But priced in 2010 dollars, the inflation adjusted high for silver would be closer to $124.

So if you believe that silver prices will make new inflation adjusted highs, then youre expecting to see a five-fold increase in the price of silver.

Silver has already trounced just about every other asset so far this year its up 40% since January 1st.

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