I'm not going to try predicting how high silver will rise. Rather, I will just re-affirm my longstanding expectation that when silver finally clears resistance around $36-$37, it will jump to $68-$70 in 2-to-3 months. http://fgmr.com/three-things-to-watch.html?print
AS long as every one else in the silver market at the time agrees, I guess it is possible. Read this: http://forums.silverstackers.com/topic-34265-exchange-traded-funds-stock-movements.html
Yes it will! No it wont! I think it might! I think it mightn't! Keep guessing fellows! Regards Errol 43
No one's talking about the potential war with Iran here. It could pop silver up to 60 or 70. It will also serve as a distraction for the US debt woes.
$60!!! Pffftt get real ..Silver needs to consolidate for at least few more years at least. $26 - $37.50 range.
$60 dollars priced in what? Certainly not AUD. Spot US prices don't mean much, AUDUSD rises to match it. Agree with Load of Bullion's assessment above (though I'd put the lower end at AUD$29) PS: shouldn't this be in the silver section
I think it is possible. For silver investing, i have the following philosophy If it goes up. Wonderful..If it doesn't...wonderful
If it is allowed to break $1800 USD (let alone $2000 USD) I'll be partying in the streets wearing red underpants on my head (even though I'm not part of Conroy's bandwidth auction.) Be happy with the bottom rising AUD$150 on trend a year, and you wont be disappointed.
I have no idea what is going to happen to be honest. I'm feeling quite bearish on Silver at the moment. The price isnt doing what it should do and the economy isnt getting any better. I don't know why Silver would hit $60 this year. But who knows..... All I know is.....I'm not selling at this price point.
Last July I bought a bunch of junk silver off ebay, I'd say at least 30oz of which I paid spot or less.