Silver just crossed $25 an ounce

$25.03 an ounce pre-market at 7:03am monday nov 1st 2010

so much for our pullback

i think the low in the last short lived pullback was around $23

just amazing how strong silver has been

 

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I've been doing a lot of reading and listening over the last month about silver. I really do think we'll see $27 to $29 by the end of the month.

 

so hard to predict!!
but I am with you ... i am thinking we'll see over $30 an ounce in 2011

one wildcard is
will the Quantitative Easing promised by the Fed disappoint investors?
if it does all the metals could pull back

however i think any pullback will be met by buying

 

You can completely confuse yourself with too much guessing, thinking and watching the news. Silver is in a bull market that will continue until something fundamentally changes, or the price becomes "stupid high." Everything else is noise.

 

I concur.

 

Silver is at $24.89 bid and $24.94 Ask right now. Finally, my 20+ ounces of silver are paying off!!! :thumb:

 

Chinas buyer's will push the price up, how much I do not know ! .999 Silver Eagle's seem to be out-pacing themselves year after year, this tells me that there is also a strong demand here in the states. When you consider that you now can put your silver/gold into your IRA, this is another plus pushing prices up. The silver/gold going into IRA's will be locked up for a while, so it won't be back on the market any time soon. My guess, and I'm not an expert ~ around $50 per ounce with-in 5 years. I do own 400 to 600 ounces of silver eagles, holding for now.

 

I am no investor or anything as of yet. But how does this work? When do you sell? and what do you do with profits? Reinvest the profits? Back into silver? or wait for the crash then reinvest? Any help on any part of the forum would be app .
JON

 

it would be amazing to see $50 an ounce again ... last time we saw that was during the Hunt Brothers Bubble of 1980 ...

 

I don't believe it will take silver 5 years to hit $50.00/ oz. I hate to speculate, but I say 50.00/OZ within 2 years.

 

higher it goes the better, but would love to see it drop to 17 so i can buy some more. Im selling some of my silver though to buy more coins i normally wouldnt buy

 

My Morgans

 

$50 per ounce, time to sell some. Silver buying for me is a long term venture, I buy graded ms69 silver eagles when I get an extra buck or two. I have been buying for a long time, when I decide to sell I might put the $$$$ into a CD or some other type of investment. I don't plan on ever selling all of my silver eagles, I love owning them.

 

:welcome:

 

+1

 

I'm kind of attatched to my silver boullion right now, but at $50 an ounce, I'm going to unload! I can't see it sustaining that price for really long. Other then that, I have to agree with cloudsweeper 100%. I feel that $50 is "stupid high."

 

I get where you think that is stupid high but look at the inflation we're about to have.
A gallon of milk is getting stupid high...or a gallon of gas is stupid high. If silver hits these prices other items will follow.

 

Back over $25 an ounce this morning Wed, Nov 3rd at 8:02AM ... Go Silver Go!!!

 

You have to start at the beginning. A good beginning is to read "The Intelligent Investor" by Ben Graham. The book will teach you how to recognize investment value and how to think about market fluctuations. Nobody here can directly answer your questions with anything except a guess. If you receive any direct answers, treat them as probably wrong since you don't know anything about the source. It takes a lot of work to be successful with any investment, and silver is harder than most.

 

I sold some at $20 and some at $25 (Well, $24.71). If it goes to $30, I'll sell some more. But even then I'll be retaining 85% of what I started the year with.