Silver AUD 26 by 8 July.

SammySilver - if it hits or exceeds $26 by 8/7 send me a PM and I will send you a Montecristo (postage at my cost) on behalf of all those who don't have the sack to make a public prediction (myself included) and who are not only happy with you being correct but have also been entertained to boot along the way.
 
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:P
 
Over $26 now. Can go to $27 next week after RBA with no issue.

Sorry CJ but looks like you're the only person always wrong now :P
 
But CJ shops are closed... can't sell physical... needs to stay there for 2 weeks... therefore doesn't count... ----------------Sideways---------------------!
 
Phransisku said:
As of this moment, silver is at 17.74 euros (highest figure since May 2013).

Can anybody explain it?
Click to expand...

Yes, currency variations aside, silver is trending up. Financial and political volatility is driving up investment demand alongside increasing industrial demand whilst supply and reserves are dwindling.
 
Just woke up this morning and noticed spot at $26.28

Well done Sammysilver on this prediction !! :)
 
sammysilver said:
Phransisku said:
As of this moment, silver is at 17.74 euros (highest figure since May 2013).

Can anybody explain it?
Click to expand...

Yes, currency variations aside, silver is trending up. Financial and political volatility is driving up investment demand alongside increasing industrial demand whilst supply and reserves are dwindling.
Click to expand...

Something doesn't seem right...

If finance is volatile, why would industry become more active (and demand more silver)? And this recent rise has already surpassed the Mario Draghi's QE initiative in January 2015 (at least in euro terms), with no major event happening (Brexit isn't as significant as QE). As for the decreasing reserves, that is very very slow. It takes years to get significance. This rise has months.

There must be something else, and I'm not seeing it.
 
great call! putting it out there takes guts.

the last prediction for 24 by may1 was very bloody close. and this one, right on the money.

pressure is on.. where is it going next?

:P
 
Phransisku said:
sammysilver said:
Phransisku said:
As of this moment, silver is at 17.74 euros (highest figure since May 2013).

Can anybody explain it?
Click to expand...

Yes, currency variations aside, silver is trending up. Financial and political volatility is driving up investment demand alongside increasing industrial demand whilst supply and reserves are dwindling.
Click to expand...

Something doesn't seem right...

If finance is volatile, why would industry become more active (and demand more silver)? And this recent rise has already surpassed the Mario Draghi's QE initiative in January 2015 (at least in euro terms), with no major event happening (Brexit isn't as significant as QE). As for the decreasing reserves, that is very very slow. It takes years to get significance. This rise has months.

There must be something else, and I'm not seeing it.
Click to expand...

It has been suggested for a while that industry may start to worry about their supply as investor interest grows and current mining stock shrinking, so they may make some sizable purchases just to guarantee stocks for their products.

Base metal production and therefore silver have taken a big dive, while investor demand is on track for its largest year ever. Sounds like a reasonable call for industry to make.

Also it could be as simple as Brexit spooking investors and some bigger players parking funds in something looking a bit more stable.

Just some thoughts...
 
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