Will silver ever be cheap again?

Is it possible for silver to ever be as low as $5-$20 per oz in the near future?

 

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Yes

 

Isn't it slowly heading in that direction? You have to admit the price is looking a lot better these days than when it was over $40. This might be the buying opportunity since India is starting to buy at a frenzy since gold is too pricey in their country.

 

It's possible.

Let me pose another question for you. Is it possible for silver to ever be as high as $50-75 per oz in the near future?

Same answer, It's possible.

My personal plan is to buy it down as far as it goes and if it heads up, I'll be a buyer up to about the $34 level. If we get to the $20 or below price range, I'll put in an order for a monster box.

 

It would be nice to be able to buy silver dollars at 10-12 dollars each again.

 

Just checked, and silver is near $27.....better than $35 (if you're buying)

 

It's not the silver that's pricey (volatile, sure), but to me, its the dollar that's eroded. Inflation is the actual goal of this system. Job well done!

So ask the question..."Will the dollar, over the long term, actually gain or loose power?"...and you have your answer, sir.

Now a better question might be: "what tangible assets are the best stores of value?" That's such a tough call.


To address the "ever" part of the OP's question, I'm hoping for a great deal of volatility in silver in the near term. Almost anything is possible over a short window of opportunity. Funny thing lately has been how the PMs move with the markets and not against them.

 

I doubt it will go down to $5 again, but I definitely see it dropping to $20 at some point in the next couple years.

 

Silver is consumed in industry, its getting more expensive to mine it, demand is high, JPM and Co. have short positions. This is not an answer anyone who is out of the circle of info can really answer. However, everything I've just said is relevant to the dollar ascribed value of silver. The dollar is going down in more ways than one. Silver is superior to all investments in my opinion because it isn't tied to any market like other fictional valuations are, it has value in and of itself. I wouldn't buy it for an investment in any kind of strategy other than buy and hold, long, physical possession.

Undeveloped land might also be a good investment.

 

I don`t think silver will ever hit $12 again. If it did I`d be loading up in so much of it I`d be swimming in it.

The word is slowly getting out that PMs are a safe haven. We have seen the result of this when We look at the mintages on ASEs in the last few years. The popularity of Morgans (and to a lesser extent Peace dollars) have skyrocketed as well. Some of this is due to all of the advertising that companies such as Goldline, Merit, etc have been pumping out lately. I run into people every week whom are looking into putting away some PMs out of fear.....fear that this economy has been on life support for far too long. Fear that no politician in either party is going to be the saviour of Our economy.

I have a hunch that when dealers whom have brick & mortar stores start advertising/promoting buying PMs more than the usual "we buy gold and silver" hooey, We could see the very slow start of an upswing. That drives me nuts when I see a legitimite coin shop with a cheese bag sign out front claiming that they buy gold/silver....."highest prices paid." It makes them look like a pawn shop in the hood......but now that I`m completely off topic.......

 

It won't be long before silver drops back under $20/oz. But $5 seems like a stretch.

 

...just wondering what website you got that from, since it seems to be quoted verbatim a lot.

 

I saw the "word go out" a few years ago, then many got burned in the runup, (as usual).

Hey, if you like silver, by all means buy it. Its always funny, though, how there are so many new buyers near high prices, and when prices are low no one wants to know about PM. This is the lesson. If you like silver now when its popular, you should LOVE it when its not popular. Always make sure, if you are a believer of ownign silver buy it even when the current hubbub dies down.

 

Clarify "that" please and I may have citations. What I wrote was by my own hand.

See this link though for some general information: http://in.reuters.com/article/2012/06/25/idINWNA995220120625 Excerpt quoted below.
Outlook "The stable rating outlook reflects our view that metals prices will remain high enough to support performance consistent with the rating despite high operating costs and price volatility. Risks to our forecast include the company's past operating difficulties and cost escalation throughout the industry. We believe the company's cost position may challenge its ability to remain profitable should prices fall to historical levels. "

Also, you can see in your world that gas is more expensive. Mining operations need transportation and processing and this is accomplished by the use of energy. If energy is more expensive, so is mining. Whether these costs have been or will be applied to silver costs or when is not something I'm certain of.

 

$20? Sure. $5? Maybe in a deflationary depression. But if this happens, it might not be the buying opportunity you think. It would probably signal the start of another long period of time when PMs are unattractive. The range you chose is interesting because $5 was the lowest price I paid, and $20 was my personal cutoff, and I haven't purchased any silver since then [although I've been given a couple of coins as gifts].

 

Year ago people were screaming that silver is going to be $100 in two years.
Now people talking about sub $20 within 2 years.

Conclusion: people do not know what they are talking about and where anything else is headed.

 

people pretty much just go with whatever trend is currently happening it seems, prices are going up and silver is going to the moon. Prices going down and silver is going to $4 an oz.

 

I think silver is cheap right now though. I wouldn't count on lower prices although they could happen.

 

I agree with some of it, especially the energy portion, I was just referring to "silver is consumed, JP Morgan, dollar is going down" is all pretty much the same highlights all PM sites state. You may have written it with your own hand, but the points have been pointed out to support the price of silver since at least 1982 that I have been reading about.

Btw, speaking of energy, I just read an article stating how North America is projected to be energy independent in less than 20 years due to the massive energy finds we have been discovering everywhere. I am still trying to digest this news. Kind of makes the peak oil people out of touch. Another article was about how many companies and people went bankrupt betting on peak oil and a coming catastrophic crunch in energy prices. Kind of makes you take pause before investing in any kind of upcoming "PM crunch", huh? This has very serious implications vis a vie PM pricing.

 

This is the catch. Sure the price might go down to $10, but who's going to sell you any? Since the price is determined by paper that doesn't have silver to back it up that price can literally be anything, but that's not silver. Considering the consistently decreasing available supply over the last century I am of the mindset that silver has been and is still grossly undervalued, but since paper prices can do anything we may yet see it lower.