Projected silver price by end of year

Discussion in 'Silver' started by whitepointer, May 5, 2011.

  1. whitepointer

    whitepointer New Member

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    Hi all spent the night working on my next mover regarding my core silver investment. I could still sell at a small profit however i have decided not to do this after studying silvers weekly chart, multi year bull run.
    Lowest projected target Dec 30 2011 based on 2008 -32.29% drop = $20.80
    Median projected target Dec 30 2011 based on dec closes 2003 to 2010 averaged % = $40.33
    High projected target Dec 30 2011 based on 2009 +69.72% =$52.27



    Note. i didnt use 2002 even though this is the year the bull market started simply couldnt fit it on the chart.

    Hope my figures are correct i rounded most numbers up.
    For now will help me sleep easier cause it certainly still has far greater upside potential than downward imho considering slver annual increase 7 out of last 8 years
    Just have to ride out this short term turbulence.
     

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