Silver up or down?

I know nobody has a crystal ball to stare into, but does anyone suspect the price of silver is going to go up or down?

 

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Do your homework. You might be able to think for yourself.

 

I have a crystal ball. It says up.

 

up up and away! Right now anyways..... glad I got some more when it was down at $26 a few weeks back!

 

I wish I would of bought a shoebox full of it when it was only $4 a troy ounce.

 

I saw on another site where they analyzed that if there was true price discovery on Silver, it would be around $18/ounce.

 

Good answer when you don't have an answer. Sounds smug without actually having to risk being wrong. :thumb:

 

That sounds a little low, but all commodities tend to eventually sell at about the cost of production [total cost, not cash cost]. I have a self-imposed limit of $20 for buying silver because that seems like a conservative minimum cost of production for most firms. Of course, silver might go to $80 before it hits $20. It's still a bull market.

 

I bought a shoebox. Wish I'd bought a moving truck full. Or maybe a vault full.

 

I do have my own opinions watching many more things than just trends, but I'll keep my predictions as to price to myself. But the general direction is up.

 

I bought a shoebox too. I sure wish it had something other than shoes in it though

 

Their theory was based on numbers that indicated there was a tremendous accumulation of the metal in its monetary form when silver ran up to $50 a few months ago, and now it was going to flood back into the market. Unlike other commodities, silver does not have a shelf life so prices can swing wildly against production costs. It's bad for the emotions of those who bought a lot of it as it headed above $30.

 

"Suspect"? I'm certain​ it's going to go up or down.

 

But I'm certain that it will go down or up!

 

Yes it will.

 

With interest rates being held at 0% for a minimum of two years (Fed Announcement) gold and silver will be moving higher. In fact over the next two years I believe PMs will test and break thru their old highs.

JMWO

 

^I can see this for Gold. I don't understand why it would affect Silver.

 

It's going to go up AND down.

 

Because whether you want to admit it or not, silver and gold reflect each other because people want them to. There doesn't need to be another reason. We are now also in a global/internet based economy when a little old lady with a million dollars sitting at her kitchen table in Iowa can affect the price of a commodity.

My silver prediction for the next 2.5=3 years. Going to around $37, drop back to $29, then pop to$43. After that, it will slowly settle back to high 20's.

 

I've already proved that they haven't reflected each other since 1971 when the last links were dissolved by the government. A lot of people have the opinion that gold and silver are somehow magically linked, but opinions are not fact.