Where is Silver going?

Where do you see silver going in the next year and why? Do you think the global market is going to recover and crash the silver price or do you think that a recession is continuing and silver will rise like crazy?!

What do you think?

 

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Many are expecting a lot of volatility today in the PM market and likely for the remainder of the week unless a comprehensive deal to avoid the fiscal cliff is done. IMO, PMs are inexpensive right now and there may be some good buying opportunities today and later in the week depending on the news of a deal or not. TC

 

Silver will still be shiny tomorrow and I will continue to collect it. Price of silver is irrelevant to me as a collector.

 

Barring some kind of agreement to avoid the 'fiscal cliff', I see silver rising to $75 by the time the NY markets open on Jan 2, then rising to as high as $175 by end of day.

Disclaimer: My crystal ball has had a small crack for a little while and may not be as accurate as it has been in the past.

 

I see silver dropping to $5/oz by summer 2013. :yes:

(No silver prediction thread would be complete without wild speculation on both sides!)

 

Ahh, I see it... your decimal point moved one to the right, instead of one to the left, having silver drop to 25% of it's current value.

 

What happened the to the Silver to $100 thread? (or was it $80?) lol

Silver is ~2x as volatile as Gold, and I believe there's ~correlation of the PMs ; I watch Gold primarily.
My original 12/31/2012 Gold call was pretty close, but I admitted in mid Nov. that I was too conservative on the downside:
http://www.cointalk.com/t217473-6/#post1603617

Please note Jim Roger's statement 12/18/2012 that "{Gold has} been correcting for 15-16 months now, which is normal in my view, and it's possible that correction is going to continue for a while longer." I think volatility (if investors flee to cash) will dampen not bolster Gold asset allocation by institutional investors in the short term (bearish scenario.) If the economy IS improving, however, PMs are NOT the asset-class to focus on.

Either way (things generally get better, or worse) I suppose 2013 for Gold will look more like 1975 or 1976. Next 3 months? I foresee more downside for PMs, with better buying opportunities in the Spring 2013.

So 2013 Low POS @ $19.? That's a distinct possibility, not yet probable - and just my two cents. This picture is still way too murky, let's see how the ongoing fiscal crisis plays out...

 

I think it will remain relatively constant.

 

Since there has been a deal on the fiscal cliff issue, what will now happen to the price of silver?

 

Wait and find out. Predicting future prices is like trying to predict the end of the world, which humans fail to do every year since they evolved to communicate with language thousands of years ago.

 

Surely they must have been right at least once...

 

Only if everything we think is real is a simulation and the world is being run by machines now!

 

My guess is silver will start to surprise everyone in around June of 2013. Once all our taxes go up you will see that happen right away. Obama has been doing his best to hold off inflation by keeping our taxes down but no matter what he does, prices are gonna go through the roof on everyday items. Once that happens, our friends gold and silver will go up.

 

Like all commodities, silver may go up in price, but there is a limit. People, no matter their intentions, will only be willing to pay so much for it, at which point it will stagnate. Even the chosen son, gold, has it's limits. Personally, I'd be surprised to see silver break $40 this year, fiscal cliff or not.
Guy

 

Removed. Wrong thread.

 

Nowhere - it's staying in my vault.

:yes:

 

I think we'll see $25 before we see $35, but once there's a strong uptrend through $35, next stop $50.

 

Short term who knows... long termish like 10 years or so I would be suprised if it wasn't at least $100+ but I think it will be much higher then that. Simply put silver is virtually irreplacable and we are using it up at an alarming rate.... it will all be gone before we know it unless another Comstock load is found... and they ain't found one yet...