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Message:: [QUOTE="Lucky Cuss, post: 1730708, member: 44086"]It ought to be noted that as late as the end of April, the following firms were still being quoted regarding their estimates as to where the price of silver would go in 2013: $26 (Barclays) $31 (Deutsche Bank) $33 (HSBC) $35 (Morgan Stanley) These are certainly not lightweights in the field of commodity analysis, nor the typical hawkers of physical silver who benefit from self-serving optimism. But they all nevertheless seem to have gotten it wrong, unless silver is poised for a remarkable rebound in the second half of the year. For even the lowest of these forecast prices to be achieved, silver prices now would have to rise 30% over the span of just six months. So when it's asked "How low will silver go?" the answers here shouldn't be taken too seriously. We're at least as likely to be off-base as all the extremely smart folks at these prestigious banks. I'd reiterate that this year's silver chart still looks lousy, and this latest leg down helps that situation not a whit. Some unexpected crisis or event may yet occur to send silver all the way back up and then some before January, making some or even all of the above predictions come true after all, but barring that happening, from solely a technical standpoint it's looking increasingly improbable. [/QUOTE]