Hi, I've read and watched endless predictions and other discussions about silver prices in 2013... Some are predicting cheaper silver (even <26 $), what do you think? Is there a real chance? I am thinking of stockpiling a lot of silver, because we know it has that immense potential for growth (I believe Robert Kiyosaki in this) and will certainly go above 100 $ on the long term... But will it go that low this year? <28 $ and I'll be a buyer! Honestly I've been rather bullish on gold, so I need honest advice from those who know enough about silver, including those of you who are "good at watching the charts/graphs". Thanks in advance!
Be mindful that while helpful, technical analysis is not a crystal ball. Personally I don't see the price of silver falling below $26 per ounce, but there is no reason for you value my opinion more than anyone else's. However, the Fed can theoretically put the price of silver wherever it likes so long as the US dollar exists.
Similar Q asked the othe day, some interesting responses http://forums.silverstackers.com/to...below-26-why-not-an-open-question-to-you.html Seeing a lot of pretty bullish articles based on TA lately, this one from BB is a good read- http://forums.silverstackers.com/to...o-shine-again-prepare-for-a-burst-higher.html Really thought we were going to hit $26 and possibly lower over the Xmas but thankfully that was not the case. I don't think sub $26 will happen but there's always a chance. Invariably silver will go much higher in the future and these couple of dollars difference will be insignificant by then.
Hi Treasurehunter. I'm of the view that in the end it will be of little consequence wether you paid $26. or $32. After all we are looking for at least $50. down the track, Mabe even $100. hell maybe $150.! What you pay now if this pans out will be chicken feed. Get in now.
Yes, I agree, Ermat. I think it will go a lot higher. It might cost even hundreds of dollars, perhaps even above 500 $? If you watch Mike Maloney and Robert Kiyosaki, they predict very high prices... of course, they're dealers as well. Even so, I'd like 27-28 $ prices at least. Now it's 30 $. It was 26.90 $ on June 22nd (according to Kitco). Why couldn't it go down to at least 27 $ this year? So many predictions show cheaper gold, so I guess silver will follow - being so volatile... Looking for a good buying opportunity
I think the problem is that too many sit now looking for a good buying opportunity, as was indicated by the $35>$32 price drops market situation. I sit on the lookout too. But if I see market situation changing again, I again won't hesitate to buy around todays price level. My euro currency got quite 'stronger' so for those on the euro side, it's a better idea to buy then.
$26.50 is really the key level. It was the bottom of the 2011 market and the 2012 market. Should that price be broken then there's no floor under the price.
I've seen such statements about 'broken support' many times, and I have yet to find any real market reason for it. It may be true for price levels propped-up by the money for nothing club side on the silver market, thus just temporary stories, but for hedging against inflation / saving purposes? If I see $25 and a good (buy and hold fashioned) market situation, I'll still buy, just like I did when spot was $26.5 last summer and like I did when spot was $28 and $30 and $32 in 2011. Key levels are for people that blindly stare at prices, without awareness of the underlying market situation.
What if "this " What if that What will silver be today / tomorrow next year 10 years time :lol: Try picking the lotto numbers instead Levels this level's that what a load of BS Forecasters / Sprukers WHAT A FRGN JOKE :lol:
I don't get the previous comment... but, whatever... OK, so support should be somewhere at 27 $, let's say... so it it "pinches" 27 $, I'll grab a buy!
Hi there, How much are you intending to buy? If its only a small amount then it will not make an awful lot of difference. e.g. 100 oz's @ $30 = $3000 ........@$25 = $2500......You are only talking $500 if you were lucky enough to wait and buy at possibly $25. It isn't worth the worry. Now if you were buying in hundreds of kilo's then you would have to do some groundwork.
Do what i do, look at what the spot price is, and look to see what it has been over the last few days, and make up your mind then, if you think its a good price, then buy, if not hold your dollars for a few more days.
Unfortunately the premiums and taxes are high on silver where I buy it from and that's what I'd like to avoid. It makes a silver a lot more expensive. It's sold for a lot more money over spot price (40-50 %), so only if it dips will it be worth buying. Actually that's the reason why I'm aching for a dip: premiums and taxes are so much above spot that it wouldn't be worth buying at current price.
So make some friends here on SS and circumvent the excess cost so to speak, A medal or ten in the mail here and there or a bunch of geological samples etc. Imagination is your friend.
"sub $26 "...lets go the whole hog.....hope for sub $16 then in we hop boots and all.....ahhhhh now we're dreaming...better than lotto....at least we will all win..
