Closer to $13 over the next 3-4 months, after that a slow crawl up. The markets are not ready to support a $30 silver in this time frame I believe. Long term I'm bullish on silver, but not the ridiculous bullish that some stackers vomit out as part of their fantasy delusion in numbers like $500 / oz. Not in today's dollars, that for sure.
I think well get back to the 25-27 dollar mark that we bounced around at for a while. Im hoping to see 30s withi. The next 2/3 years.
Another 2 months of depressed prices, perhaps a slightly lower price at times than we have right now. Come the September, I see a slow but steady increase in price for the remainder of 2013, with a view to ending up the year somewhere from $23 to $25 (USD).
+1 Yep, spot on I reckon. I see a slow but steady recovery eventually getting to the low to mid thirties, in AUD, but also helped by a lower Aust dollar. Probably quite a bit lower in USD, like you said, 23 to 25 USD per oz sounds pretty right to me. I very much doubt it will drop down to $13.00 but then I never would have believed the current prices were remotely possible either.
Yeah, well I strapped myself in for blast off to da moon but yknow how it is when you put on a space suit. As soon as you get the darn thing on yer just gotta scratch and it was driving me crazy so I got out of it for a while. The bear suit is much more comfy and you can reach in for a scratch.
Whoa! Now there's some good ole Aussie optimism. I somehow doubt the septic tank dollar has the legs for that sort of performance though.
I don't know what the price will be in the next few months on the silver rollercoaster but I think this video accurately represents how bulls and bears will handle it. [youtube]http://www.youtube.com/watch?v=W-CXwgifA4U[/youtube]
