"If we get a close above the 200 day moving average in the mid 30's on silver, watch silver immediately pop $2 or $3".
-- The London Trader
"I can see silver exploding in the next few months. It should double in price in the next three to six months."
-- Egon Von Greyerz, Jan 2012
"I'm very surprised to see a metal that is up 75% in just over a year that has very low sentiment readings. The fact that no one likes silver is even more reason to expect this thing could explode. Silver could break $50 much faster than people think. I think people are going to be stunned and still scratching their heads when they see silver go over $50, as if it weren't even resistance."
-- Stephen Leeb
"If anything, the pattern has now become stronger because silver is now testing support in the high 20s and looks like it is forming a double bottom. I still think this flag pattern will send silver to $70 in three months, once silver has broken out to the upside."
-- James Turk, 5 January, 2012
"I don't have any problem with silver blowing through its all-time high this year and heading towards $100. Once it clears $50 there is no overhead resistance and then things will really get interesting. I believe silver will hit $100 in 12 to 24 months.
From a technical standpoint, gold and silver appear to be on the verge of making a very significant run higher.
Furthermore, I strongly believe that gold and silver will still both rise multiples higher than their current banker-suppressed price and that 2012 will see periods of explosive growth for gold and silver, more so for silver than gold..."
-- J.S. Kim (SmartKnowledgeU)
"I think silver is a rocket ride here and it is priced way below where it should be. It's been put there by the paper criminals and this will correct itself violently because there is no physical silver available, of any magnitude. All it will take is some significant buying in the physical silver market to unleash this beast and when it gets going people will look on in astonishment."
-- John Embry
"I'm sticking with my target of at least $100... it will happen this year. We are definitely headed for triple digit silver in the not too distant future."
-- Stephen Leeb, 31 January, 2012
"As for the precious metals they are looking fabulous here already having hardly rested at all after the paper takedown over the holidays. Gold and silver seem ready to go higher here now or very soon."
-- Warran Bevan
There are many indicators suggesting that we are close to a point where silver might catch -up with gold, relative to its 1980 high, in a big way. My recent analysis of the gold/silver ratio also seems to suggest this. So, as things stand, I expect silver to outperform gold for most of this year, and I stand by my target of at least $140 silver by the end of 2012.
-- Hubert Moolman
"When gold goes, silver is going to go further for the simple reason that in extended bull markets for precious metals, the gold/silver ratio tends to fall...
Historically it's gotten down as low as ten or fifteen to one. It's currently over fifty. So consequently silver has all sorts of room on the upside. For instance, $2,500 or $3,000 gold, that could underwrite $250 silver."
-- John Embry
"It does have an industrial component to it, but there is a growing demand. It's just easier to get into, there's a lower price point. That's why I see silver being an exciting area to have exposure. It (silver) could (eventually) be from $150 to $300."
-- Rob McEwen
"With a painful correction now out of the way - and the price knocked back down - the silver market looks ready to explode again".
-- Dr. Alex Cowie, 10 January 2012
"As previously explained, G.I. Metals expects the current gold to silver ratio to correct itself to its historic standard of 16 to 1, which entails being able to purchase 1 ounce of gold with 16 ounces of silver... with gold at this relatively conservative top of $10,000 - if silver is at its historic 16:1 average - silver will be $625 per ounce.
...It is entirely possible for silver to overshoot this 16:1 average, which is normally what happens when a trend has been misaligned for such a long period of time. If silver does reach a 10 to 1 ratio as it has done before at different times throughout history, then we would be seeing a price of $1,000 per ounce..."
-- myglobalinvestments.com, 3 January 2012
:lol: