Silver on a downward longterm trend?

Discussion in 'Bullion Investing' started by Gordon H., Mar 29, 2018.

  1. Gordon H.

    Gordon H. New Member

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  3. paddyman98

    paddyman98 No Common Cents! Supporter

    :greedy: Dang... I better start selling all of my metal detected silver finds right away!
    I have about 300 grams of it! :cool:
     
  4. sakata

    sakata Devil's Advocate

    Doesn't not have a lot of credibility when they say the price per ounce is up 0.49% today and the price per gram is up 1.92% today. Based on extrapolation of that kind of data I would suggest that silver will reach $1000 per milligram some time next year. Or should it be $0.10 per megatonne next year?
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

  6. Victor

    Victor Coin Collector

    The sky is falling.
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    I think that's just a quantization error. The change was 9 cents per ounce, from $16.25 to $16.34, about half a percent; the actual change per gram was 0.29 cents, from 52.25 cents to 52.54 cents, rounded to "52 to 53".

    I have my doubts about the site's methodology, as it seems to include technical analysis, which I think of as "astrology minus the actual predictable astronomical cycles".
     
  8. Santinidollar

    Santinidollar Supporter! Supporter

    IMHO, these sorts of forecasts should be taken with a grain of salt, then tossed in the trash.
     
  9. Michael K

    Michael K Well-Known Member

    It last showed resistance at around $15.
    It's been between 16-17 for a while now.
    So a key point would be if it crosses below 15 and trends lower.
    I'm not bullish or bearish on silver, but I think it goes to $20 and not $10.
     
    asheland likes this.
  10. sakata

    sakata Devil's Advocate

    Or into the fire. Salt is very colorful when toss into a flame.
     
    Santinidollar likes this.
  11. Nathan401

    Nathan401 Supporter! Supporter

    :woot:
     
  12. mynamespat

    mynamespat Dingus

    hm... I think I just thought of a great business plan. I can make precious metals price predictions based off astrology!
    "This year we have a super moon coupled with a complex planetary alignment. The energies on Spaceship Earth are super high. Silver will be going thru the roof!"
     
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  13. Don P

    Don P Active Member

    I'm guessing this is based on a simple algorithm on price trends?

    Keep in mind, the cost for the miners to produce silver. Once production costs outweigh the profits for miners, you'll see a lot of them shutting down operations. I can only speculate, but when the supply would go down, causing prices to rise.
     
  14. crazyd

    crazyd Member

    Speaking of which - I predict Salt will skyrocket in the next 20 years. [​IMG]
     
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  15. Jeepfreak81

    Jeepfreak81 Active Member

    I work in the wire and cable industry and we make lots of Silver Plated wire. As a result we get silver prices weekly and they've been pretty steady over the past couple of years, I can't see it taking a sudden downward trend without some underlying cause.
     
  16. mikem2000

    mikem2000 Lost Cause

    Hey guys, I wouldn't read too much into that. I think fuel prices would need to drop a bunch for Silver to hit $10
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    All assumption, Period.
     
  18. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    With which we can make a you-know-what out of "u" and "mption".
     
    -jeffB likes this.
  19. longnine009

    longnine009 Most Exalted Excellency

    Salt did skyrocket in price, in the south, during the civil war.
     
    Last edited: Apr 4, 2018
    crazyd likes this.
  20. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Brief bump in demand for "salting fields".
     
  21. Clawcoins

    Clawcoins Well-Known Member

    That website may use a simple mathematical model using a basic trending analysis on primarily historical trends, which should give results just like they give.

    Too bad PMs aren't basic on simple mathematical trends.

    Just looking at the oil price trend of going up 50% this next several months, their mathematical model clearly casts out market conditions in relation to supply and demand and the input of fracking, which now the Arab nations are now doing to open up new supplies of oil and gas .. thus increasing available reserves and creating more potential downward pricing pressures.

    I'd say .. find a better website for future forecasts.
     
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