How long do we predict it staying above $30? Hopefully this is the beginning of the 'rocket to the moon'! Quick, time to buy more!
.. Don't get your hopes up. Expect the worst, or at least the opposite of what you were hoping for. At least then, you won't be disappointed.
How many times have we seen this lately? It's been constantly spiking then as soon as market opens it drops again
Its going up like a rocket... to the Moon baby [youtube]http://www.youtube.com/watch?v=2iCn7SNlM78[/youtube]
Silver blasting off into the space age.... [youtube]http://www.youtube.com/watch?v=lp_PIjc2ga4[/youtube]
Strong market signals suggest the silver spot price is moving in a line graph formation (very common). This week, I would predict that the line graph will flow from left to right - no doubt with some up and down movement. As always, I think the GSR will be between 1:1 and 1:100. Thanks.
My prediction is that Silver will stay above $30 US for the remainder of 2012. I'm not sure if it can crack $50 US this year but I think it can break through $45 US. 40%+ increase from here will certainly make everyone happy. Especially those who paid around $40/oz last year. You can add a 1 to this number within 5yrs IMHO. Scorp
Who knows wtf silver will do in AUD. I mean really, it's like trying to shoot a spinning target from a tea cup fair ride. I think, given that it would be indicative of a stable and sound Australia, I would be very happy to see a silver spot price in AUD that stayed stable.
Personally I think predicting exchange rates is much harder than predicting anything else. We all have an idea of what the exchange rates would be like if risk was priced 'properly', but we're also not sure what the big speculators are doing with the currencies. We're living in a time of currency wars - and the only certain thing is volatility. IMO!