Rogers: Silver could hit 'dangerous' level of $150 this year

Commodities expert Jim Rogers has warned silver could turn "parabolic" and rise to $150 this year.

The spot price of silver increased more than 5% to just above $49 an ounce earlier this week, boosted by a weakening dollar, before pulling back someway. Rogers, speaking to CNBC, said if this upward trend continued and silver hit $150 this year, it would leave the precious metal looking vulnerable, and force him to consider selling his investments. "I own silver, but if it keeps going up, it could turn into a problem if it goes parabolic," he said. If it hit $150 it would look "very dangerous" according to Rogers, although it is dependent on what is happening globally. "I do no...