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<p>[QUOTE=&quot;Kasia, post: 1669858, member: 31533&quot;]Here&#039;s another thing to look at. Now anyone who believes, living in these times, with silver having two highs near 50.00/oz and in-between being about 5.00/oz is indicative of what silver is valued at (referencing the 34 year chart from my previous post in this thread)..... take a look at this chart: (from <a href="http://www.kitco.com/charts/historicalsilver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/charts/historicalsilver.html" rel="nofollow">http://www.kitco.com/charts/historicalsilver.html</a> entering for years 1792 - 1999) and anyone can see that silver is historically valued at about a certain point and tends to stay there. Although past performance cannot predict the future (otherwise you wouldn&#039;t have seen two huge spikes within about 30 years when it hasn&#039;t really happened prior to this), you might expect that large values on silver are not the norm. I would really take that into consideration when determining whether silver is a good &quot;investment&quot;, and would think that if anyone who thinks silver will keep up in price may just want to really delve into why the spikes occurred in the first place. Perhaps the silver boom is really nothing more than a repeat of Tulip Mania. Perhaps the point in the most recent increases (about 18.00/oz) is where speculators entered the market and drove up the price, then it could not be held up due to lack of more speculators to continually increase it. It has fallen to about 20.00 and I would say that may be about the high point that silver can hold out at absent a number of speculators coming in to increase it again. </p><p><br /></p><p>Obviously, again. I don&#039;t know the future, or the factors behind the rise in silver. I am simply doubtful that a PM that has historically been valued at about X, suddenly is valued at 10 times that and can hold it out even when people aren&#039;t needing to feel more secure by having solid holdings. I think it is more likely that silver will find a place to be between about 5.00 and 18.00/oz and pretty much flatten out. But I could be wrong.[/QUOTE]</p><p><br /></p>

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