Hi, I've been watching and reading all sorts of predictions about silver and I'd really like to know about your opinions. You can give me a range, not necessarily a fixed number... How high/low will silver each until the end of 2015? I didn't want to give a 5 year range... this would be a 2.5 year period. Until the end of 2015. Where do you think silver will reach until the end of 2015? By then, the Fed could have modified interest rates and the euro will have been potentially eliminated... But the global economic crisis has reduced industrial production... Thus, less silver is being consumed industrially. Mixed factors can cause confusion. David Morgan's previous high predictions haven't come true. If I listen to Maloney and Kiyosaki, then the figures are even more optimistic, much higher. What do you really think?
I still look back at the following price levels: approximately 9-10 $ silver 2008 and roughly 47 $ peak in 2011. That's roughly 470 % ROI, if you would have entered and exited at the right moment! Will it happen again? I believe so! So I'm pretty much long on silver now.
I don't think it's wrong to go long Silver so long as your not expecting another parabolic rise because that will not happen again. I think the safe range is $20-$35. I will be surprised if it goes lower and very surprised if it goes higher.
Im not going to retire yet in 2015. If silver is lower still a good buy. My stash will be higher than the silver price.
Will depend on general price risings. 2008 was $13 silver 2015 maybe $18? That's 2008 +40% Possible if general prices rise more. And about that "But the global economic crisis has reduced industrial production... Thus, less silver is being consumed industrially." Ehm, Thus less silver being produced industrially too. Since 75% (?) of production is byproduct, so if they mine less copper/whatever they also gonna mine less silver. And vice versa, if economic boom, bigger industrial demand thus also more silver produced as byproduct. So I see industrial usage, and thus crisis/ abit as irrelevant to the price trend.
