$93.00 AUD silver.

If it hits $100 by christmas, it will hit $110 by new years...
Driven mostly by fear by all the people picking a 'top' to short, and getting it wrong.

The long term trend is "physical stockpiles" (falling), production and recycling (stagnant), demand (in the direction of solar uptake, electro-motive (batteries and wiring), efficent computatation (thermal and conduction).
It expect ADX to get wild with trading and physical deliverys changing the availabily landscape if things keep going it might also get changes to margin requirements, etc.
 
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JohnnyBravo300 said:
Eventually Crimex will just be another etf with no delivery options, just paper bets.
Click to expand...

Eventually... yes! But we heard all the same back when it hit ~$50 and the few guys who sold at that price point back then were derided. It then soon crashed to under $20. Guess who was laughing to the bank because they probably bought back in starting at $25ish?

A lot of newbs are like lambs to the slaughter - you know the saying "as soon as the taxi driver starts talking about a good bet - sell" my old school 80:1 ratio has served me well.
 
Id hate to be a newb right now in this crash course haha. Too much to learn amidst the volatility.
40 to 1 ill start trading some silver for gold and more after that.
 
Psychological price in indian rupies. silver touched on 2 lank rupies/kg INR in local markets friday also before the price dropped.

Note: the margin requirments apply to long AND short positions.
So shorts with leverage are subject to the same margin requirement increase.
 
OI on $SLV calls Jan16 expiry is ~68,000! SLV currently trades at ~56$, that's 25% OTM so it's a bet on silver spot rising all the way to 80
Which equals to approximately $120aud at current exchange rate of 0.66c
 
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