I'm thinking more likely $45-$50 myself. We've had solid market moves in the last 6 months, but I think there will be a lot of resistance at the hunt brother highs and in Aus, we didn't break $50 Aud during that period (mid to high 40s). So anything between $45 and $50 to see the year out is my guess - which is still a very big movement compared even to $32, so I think it's still quite generous.
Just checked my notebook, made a few predictions 18 mths ago. (No science - Just Wild Arse Guessing.) and I had start of 2012 at $42, and I thought that was being optimistic. But now thinking around the $50 mark is quite achievable.
Remember this is silver, a 10% drop overnight is more than possible. But yeah, things are looking good for mid 40s by Christmas.
Breaks 50 everyone gets scared and dumps - so $52 and fall to 40 ish. Gee guessing is fun. I might become an economics commentator.
Well i'm going to be serious, slap, and suggest it should go to $50. For now. If the dramas continue into the year, then it could be the year for the moon. If it goes from 33 to 36, then 36 to 39, the mainstream media will be all over it. I would imagine. If this happened between now and late March. With the dramas still not solved, like physical shortages etc, and mainstream investors becoming interested, then it would have to go beyond 50 and reach it's true value, in comparison to fiat. Just my dream.
there would also be a lot of investors who have never held an ounce of physical in their hands - let alone 10 oz or a kilo - the paper market will probably bid it up because buying ETFs with the click of a button to get some of the action is too easy and will be just irresistable ....
