Silver to reach $50 by 2011, and gold at $8,000 by 2015 conservative - Turk

``Asked his view of what is likely to happen over the course of 2011, he says, "We're probably going to see $1,800 - $2,000 this year on the gold price and silver looks like it's going to go to at least $50, given the way the backwardation is forming right now... The demand for physical metal is just absolutely huge and the paper market is being more and more discredited as a price discovery mechanism. As a consequence you're going to see even greater demand for physical silver as we go forward.''