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<p>[QUOTE=&quot;1970 Silver Art, post: 1179882, member: 18828&quot;]I am sure that the silver price will eventually reach (and surpass) the $50 mark but it will not do it this year IMO.&nbsp; I think that will happen sometime after 2011 but I do not know exactly when after 2011.&nbsp; As long as the dollar is continuing to go down in value and the U.S. gov&#039;t is still on its out-of-control spending path and running up the national debt and huge deficits, then gold and silver will continue to go up in the long term.&nbsp; Short term, I think that it will go continue to go down and bottom out at $26 sometime this Summer (late June/early July).&nbsp; The run-up in 2010 through April 2011 was too far too soon and that is why IMO this smackdown was bound to happen.&nbsp; No one really knows where silver will head in the future and what I just said was just a guess on what I think that silver will do short term and long term.&nbsp; The only thing that I know is that silver is very volatile and you will have upmoves and downmoves as you have probably witnessed so far this year.[/QUOTE]</p><p><br /></p>

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