C'mon what's your view on silver.

[goldpanner]

Personally I think it's going to seriously struggle to get past $50 short term, with a high of about $200 in the future. At that price I could sell it and get everything I wanted out of my stack, when (if) that day comes I sell up and buy a farm with a natural spring which has always been the dream.

My confidence has taken a big hit this month I must admit, I no longer see Silver hitting $500+ and no longer beleive everything the Silver commentators say - if their views were correct Silver should have hit $50 easily in the last 2 weeks.

I agree, it should have hit $50 in the last two weeks - it will struggle to get past $50 but when it does the CME will not be able to stop it by raising margins like it did last time.
The HKMEX are taking delivery of physical metal. I see a real big demand developing in Asia which will be unstopable when it takes off.
I think talk of $500+ is silly but $200 I could see in the next couple of years.

 

[Aureus]

it will struggle to get past $50 but when it does the CME will not be able to stop it by raising margins like it did last time.

Why do you say that? :/

Also can't rule out another 2008, that is, you can't rule it out if you watch more than stuff from Mike Maloney, Bob Chapman and Eric Sprott

There are allot of potential negatives in these uncertain times for us Silver stackers, I know if it wasn't for the stack I already have i'd not have any Silver right now. People buying at $45 are taking a risk in my opinion, it's not a popular one but that's just how I see the current situation. Silver ain't gold folks, sorry.

 

[MelbBrad]

I feel it should've rocketed past $US50 if what we believed to be true, was in fact true. It didn't and it isn't. I believe silver to be stick in this rut for a reason. All the fundamentals point to it heading higher, but it isn't. The conditions at play at the moment are perfect for it to skyrocket, but it doesn't. I was actively buying on the way up from $US20 to $US32. I stopped a long time ago. My goal was to sell at $US50. That never eventuated. I doubt it will for a long time. I foresee a need for cash to finish my renovation and in all likelihood will sell my heavier bars to finance that. I can always buy back when it hits $US5....

 

[Holdfast]

Strong resistance around the 42 mark.

If it breaks 42 we'll probably see a quick spike up to mid to high 40's where I think it will get slapped down...especially from those who entered the market in the record highs.

If the stockmarket turns turtle again (soon) we could see silver head towards the low 30's and even the 27.50 mark.

To me, the longterm is very bullish but at the moment I think we are going to see fund managers and many investors take a wait and see approach.

Therefore...I see a trading band of about 35 - 39ish...and trading sideways until October with a drop during mid October and a good rally upto Christmas.

Having said that...we are in for a volatile time with paper...so it's a great time to be trading in and out quickly to take small profits.

 

[DonaldTrump]

I read somewhere that silver has increased in value by some stupid amount in the past few years, and it's more that gold has been 'catching up' rather than silver has been lagging. Seems a little simplistic, but could have some truth behind it.

 

[goldpanner]

it will struggle to get past $50 but when it does the CME will not be able to stop it by raising margins like it did last time.

Why do you say that? :/

With the HKMEX just coming into silver trading I see CME losing control over the silver market because the Hong Kong market will eventually be stronger.
It may take a while to get going, but one thing is for certain and that is the Asians like silver far more than the west and there are an awful lot of them and they will be backing their trades with real silver.

 

[Holdfast]

I read somewhere that silver has increased in value by some stupid amount in the past few years, and it's more that gold has been 'catching up' rather than silver has been lagging. Seems a little simplistic, but could have some truth behind it.

Percentage wise...silver has out-performed gold...simple as that really.

 

[Dogmatix]

Whenever I think I can predict the future, I like to take a reality check and consider whether I am simply thinking something will happen because 'I want it to happen', or whether there is actual evidence that it will.

Can the collective will of Silverstackers make the silver price go to $500oz? Everyone, focus your minds right now, we can do it!

:/

 

[Yippe-Ki-Ya]

I feel it should've rocketed past $US50 if what we believed to be true, was in fact true. It didn't and it isn't. I believe silver to be stick in this rut for a reason. All the fundamentals point to it heading higher, but it isn't. The conditions at play at the moment are perfect for it to skyrocket, but it doesn't. I was actively buying on the way up from $US20 to $US32. I stopped a long time ago. My goal was to sell at $US50. That never eventuated. I doubt it will for a long time. I foresee a need for cash to finish my renovation and in all likelihood will sell my heavier bars to finance that. I can always buy back when it hits $US5....

You're going to feel kinda down say 6 months from now

 

[thatguy]

I feel it should've rocketed past $US50 if what we believed to be true, was in fact true. It didn't and it isn't. I believe silver to be stick in this rut for a reason. All the fundamentals point to it heading higher, but it isn't. The conditions at play at the moment are perfect for it to skyrocket, but it doesn't. I was actively buying on the way up from $US20 to $US32. I stopped a long time ago. My goal was to sell at $US50. That never eventuated. I doubt it will for a long time. I foresee a need for cash to finish my renovation and in all likelihood will sell my heavier bars to finance that. I can always buy back when it hits $US5....

Woah?! Did someone just fix the world economy and not tell me? Have you watched "Inside Job"? Have they changed anything to make sure it will not happen again?

 

[stinkypete]

i cant imagine it going back to $5 id be buyin a b trains worth if it did , at present ill use spare cash only what i can afford ,if it goes up ill still buy maybe just less , im in it for the long haul thats the way i see it

 

[Old Codger]

"im in it for the long haul thats the way i see it"


+1

 

[Guest]

Interesting replies. In the last 10 years silver went from say $4 to $40....why is it out of the question for it to go from $40 to $400 in the 10 years, that sounds reasonable to me.

 

[Dogmatix]

Interesting replies. In the last 10 years silver went from say $4 to $40....why is it out of the question for it to go from $40 to $400 in the next ten years, that sounds reasonable to me.

Extrapolating past trends and forecasting them into the future is precisely the reason people end up 'buying high and selling low'.

I'm not saying the trend can't continue. But to suggest that it might, simply because it did in the past, is fairly pointless.

The fundamentals of any trend need to be continually assessed and changes noted. The same reasons that silver went from $4 to $40 may not exist for the next ten years. Then again, they may be even stronger. But what is the point of holding $400 silver if it costs $800 to buy a loaf of bread? (at least you'll be able to buy 'some' bread I guess).

 

[Butch]

Well with that clown in Iran with his finger on the button we just might not need to worry about any of it !

 

[Guest]

Interesting replies. In the last 10 years silver went from say $4 to $40....why is it out of the question for it to go from $40 to $400 in the next ten years, that sounds reasonable to me.

Extrapolating past trends and forecasting them into the future is precisely the reason people end up 'buying high and selling low'.

I'm not saying the trend can't continue. But to suggest that it might, simply because it did in the past, is fairly pointless.

The fundamentals of any trend need to be continually assessed and changes noted. The same reasons that silver went from $4 to $40 may not exist for the next ten years. Then again, they may be even stronger. But what is the point of holding $400 silver if it costs $800 to buy a loaf of bread? (at least you'll be able to buy 'some' bread I guess).

The fundamentals in the next ten years will be more than in the last ten. There are many reasons for this, the economic meltdown is the big boy and there are others like more demand than supply, still rampant manipulation etc etc etc etc

 

[goldpanner]

Dogmatix
The fundamentals of any trend need to be continually assessed and changes noted. The same reasons that silver went from $4 to $40 may not exist for the next ten years. Then again, they may be even stronger. But what is the point of holding $400 silver if it costs $800 to buy a loaf of bread? (at least you'll be able to buy 'some' bread I guess).

If bread is $800 a loaf I will be growing wheat and grinding my own flour and selling bread! :lol:

Fundamentals as I see it:
let me know if I am wrong as I am going off the top of my head -

silver is scarcer than gold - much more gold above ground in stock piles than silver ( 7 to 1 I think)
silver has both industrial uses and investment uses both of which are growing
less silver being produced today than 20 years ago so quantity available diminishing (this is not to say that more could not be mined in the future - just that it is not very economical to mine it at the moment so most comes as a by-product).
False perception of quantity of silver available partly due to 'paper' trading without the physical back up.
I guarantee that if you asked most people on the street which is scarcer gold or silver, they would answer gold!
Most economists would agree that because of above, silver is undervalued today.

Eventually market has to recognise the real scarcity of silver because of supply and demand (this is not taking into consideration a GFC!)
How long it will be before the market recognises the shortage and value of silver and what price it is realistically attains is the real question.

 

[Guest]

You're dreaming geewiz. Don't get me wrong; silver will be the hottest metal under the sun for many years to come, but you will not have a piece of the pie (and neither will 99.99% of 'us' silverstacker members).
Depopulation + Elitism/Slave world.

If the above does not come to pass then all metal trading/ownership will be outlawed along with Pepsie Cola soft drinks (cause we all know how crap that drink is).
.

I feel you on this. The elitists want to wipe us out through poverty, poisoning, sickness, war and even engineered "natural disasters". There may just be some sort of calamity that will affect everything including silver. That is a possibility.

 

[Yippe-Ki-Ya]

Interesting replies. In the last 10 years silver went from say $4 to $40....why is it out of the question for it to go from $40 to $400 in the next ten years, that sounds reasonable to me.

Extrapolating past trends and forecasting them into the future is precisely the reason people end up 'buying high and selling low'.

I'm not saying the trend can't continue. But to suggest that it might, simply because it did in the past, is fairly pointless.

The fundamentals of any trend need to be continually assessed and changes noted. The same reasons that silver went from $4 to $40 may not exist for the next ten years. Then again, they may be even stronger. But what is the point of holding $400 silver if it costs $800 to buy a loaf of bread? (at least you'll be able to buy 'some' bread I guess).

The fundamentals in the next ten years will be more than in the last ten. There are many reasons for this, the economic meltdown is the big boy and there are others like more demand than supply, still rampant manipulation etc etc etc etc

+ 1

$400 is definately WAY UNDER what silver should achieve 10 years out from now. although it is pretty useless expressing silver ito $ anyway.

Rest assured, you'll need WAY LESS ounces of silver to purchase ANY property in Australia than you do at present.
The same principle would apply to just about anything else you can think of ...

So no, the example of the loaf of bread is misleading. you should be able to buy more bread for 1 ounce of silver than u currently can

 

[vintec]

i'm very new to this and have limited research so far, so be gentle.

The economy has been manipulated by the rich and powerful all this while. The way I look at silver before I took the leap of faith was/is the volatility that is vulnerable to evil manipulation, that was the reason it took me a while before I took the leap. IMHO, they can cover up the fire with paper temporarily but one day, the fire will burn through the paper

this also extends to the economy in general. i doubt anything short of total economy meltdown will make gold and silver the main currency again. Try to do it before the meltdown, you'll get bombed/invaded by the US backed UN. Libyan Gold Dinar, anyone? It's only speculation and a conspiracy theory but based on the amount of manipulation made by the rich and powerful, I won't be surprised