Silver Spot Price 2018 Predictions

Discussion in 'Silver' started by MattH, Jan 2, 2018.

  1. MattH

    MattH Member

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    What is your prediction silver spot price in 2018?

    Spot started December 2017 around $15.75 and is now starting January 2018 at $17.18.

    You think the price will keep rising, flatline, or drop again from here?

    Will spot reach $18, $19, or even $20 by the end of this new year!?
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    With the massive oversupply of Silver even with 20% reduction in mining can’t see it above 13
     
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  3. whay

    whay Well-Known Member

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    Flat.png
    Pump & Dump.
    Rinse and Repeat.
    Courtesy of JP Morgan
     
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  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Nothing to do with Morgan, to increase Silver prices 5 of the biggest mines needs to shut.
    There is so much Silver being dug out of ground, it almost silly to call Silver a precious Metal,
    Most of the poorest people in the world can afford to wear Silver jewellery just says it all.

    Think of oil... it wasn’t the banks that drove spot price down to $20 a barrel.
    $20 a barrel occurred becuase of the sheer volume of new oil fron American frackers flooding the market with cheap oil, and to remedy the price collapse. The only thing that worked to increase price of oil, opec had to reduce production. And it’s the same for silver.

    Another way of looking at it, why are raspberries more expensive than bananas, basically scarcity. The only time bananasa came close to raspberry prices was when there was a shortage.

    People go and on about banks wanting to keep prices down, when it reality there is just so much of it, even the banks want the price to go up.

    Think back when was the last time Silver spot price was $40.... when bullion’s dealers didn’t have any to sell.
     
    Last edited: Jan 3, 2018
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  5. raven

    raven Well-Known Member Silver Stacker

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    $24.12 au by mid february, on its' way to $26 by april !
    All values are brief of course.

    thanx very much, carry on !
    ;)
     
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  6. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    <---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------SIDEWAYS----------------------------------------------------------------------------------------------------------------------------->
     
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  7. dickmojo

    dickmojo Member

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    Silver spot reach a high of $35/oz at some point in 2018
     
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  8. jerrygold

    jerrygold Active Member Silver Stacker

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    Oversupply? Where are you pulling this info from?
     
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  9. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    $50+ AUD
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    saw sale of maples went for Aud 23 each, seen 3000+ and 4000+ 1000 all gone now
    hope there will be more going on sale or it was the fireworks over

    but the Ag price is pulling back down a bit US$16.6x ?? again
     
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  11. madaw1

    madaw1 Well-Known Member

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    Only God will know! Could be $10 or even $100/hopefully/
     
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  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I haven’t heard or seen a jewellers, dealer, stacker, industry, bank or anyone actually have a sign up saying “Out of Silver”.

    Is my understanding of shortage wrong, to me a shortage means at least hard to get, but silver isn’t hard to get at all, it’s everywhere.

    Few months back the second largest primary Silver mine in the world closed due to human rights abuses and we didn’t have a blip on spots prices.

    Only people who says there is a shortage of Silver are self interested industry body, bullion dealers, collectors, pumpers, stackers and miners. I totally understand if one is talking about Perth Mint series one Lunar OX is rare, but saying generic Silver is in shortage is ridiculus.
     
    Last edited: Jan 5, 2018
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  13. ozcopper

    ozcopper Administrator

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    Gold is much rarer than silver. I find silver all the time at garage sales but find much much less gold.
     
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  14. jerrygold

    jerrygold Active Member Silver Stacker

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    Wouldn't a shortage at the places you say suggest a rise to $50 is on the cards? I agree it isn't that short yet but I thought maybe you had some solid data backing your opinion. For me personally I hope silver drops to $5-10 an oz as I would like to get a lot more of it.
     
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  15. jerrygold

    jerrygold Active Member Silver Stacker

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    Silver is way more common with the common man, gold is way more common with banks/countries/etc. I would expect way more silver to be found on the streets than gold.
     
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  16. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Not in asia. No one seems to be interested in silver at all. While gold is bought/sold everywhere
     
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  17. alor

    alor Well-Known Member Silver Stacker

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    $5-10 was our past, we saw $50 as a tea-seer
    $8.50 was really a manipulation, but real silver was traded for $12.50 during the SLV time
    (the Option seller was called upon to deliver ALL HIS silver, even though the spot price was taken down that low; Option holder did not let his Right Lapses even though exercising that Right would cost a dear)

    we have higher low, 13.65 then 14.39 then most recent 15.6
    so anywhere in range 14.40 to 15.60 must be good bargain
    bargain for below 16.00
    good price below 17.00 right now

    in the last 5 years, there were a number of storage houses being build for Silver and Gold in Singapore, compared to the past...
    ( I never check them out yet, but from video footage there are a lot of silver there too)
    It is true till today that silver is junk to most people in the East, gold is always ATAS
     
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  18. jerrygold

    jerrygold Active Member Silver Stacker

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    I guess it matters where you live when it comes economic collapse! The only reason it will ever matter what the average man thinks of gold/silver is then.
     
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  19. l***g

    l***g Well-Known Member Silver Stacker

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    I predict the price will go bananas.
     
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