Silver will be the top performing commodity in 2011, according to a Bloomberg survey of more than 100 investors, traders, and analysts.
Results of the survey found that silver is expected to reach $40 per ounce, for a gain of 37% next year, the most of the 15 commodities included in the questionnaire.
Gold was forecast to rise by the second greatest amount, 23%, to $1,700 per ounce, while Arabica coffee is expected to be the worst performer, with only a 7% gain.
Among purely industrial metals, zinc was the top pick, with a 21% estimated gain.
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