Up, down, flat.... I'm still buying, so it could fall all the way back to $4.50 and I'd be real happy. So many more old coins I could save from the smelter. I think the bulls are gonna run a bit longer though. I just hope there are some nice dips along the way.
I sold around 70 90% silver half dollars today---got $4 each from a dealer---and was happy!.... Speedy
silver price silver will hita little over $20.00 anytime by next year. i think the silver average price for next year will be around $17.50. i thought speedy is a pure coin collector. now he is selling and make a profit.
So if silver rises proportionately to the fall of the dollar, technically you're only protecting the buying power of what you have invested and not actually making money (not that a little hedging is a bad idea), which seems to be the current situation. The only way that I see to really MAKE money is with a strong dollar and a supply shortage... well, that and a small printing press in your basement, but then there's the whole issue of the friendly folks with black suits, sunglasses and guns that needs to be addressed.
A lot of talk about silver, how about gold! It closed up again. @ $648.00, up $11.45, and oil, which is seems to move along with, was up only a fraction of a dollar. New York Times, this morning's price.
The las time some one posted on here it was May 2005. so i wonder if anyone will respond, but just to make sure i will talk: I think silver prices will go up according to how many people buy. It will probably go up to about 15$ but wont pass that amount, but on the other hand i dont think so Aviva
That is the way that it usually works: the more people buy, the higher the price goes. Think: Buy low, sell high!
That is the thing, a good day on the precious metals market means a bad day on the DOW and Nasdaq. I am curious though, what does everyone think the peak will be for silver?
I'm going to put my full integrity on the chopping block here and say that without a doubt, from the time this thread started until Christmas, silver will CLOSE over $14.
Waiting for $9 silver again I make coins, so I use a lot of silver, both in the form of sheet for punching blanks and as coin and scrap for melting and rolling and also for overstriking. I have not bought since silver went over $10... promising myself that I would buy again when it got back into the nine dollar range again. I have been waiting... and waiting... and wondering now if I will have to just buck up and buy after all. But in case nobody noticed, copper has risen by a much higher percentage than silver. It has gone from under a dollar two years ago to near four dollars fairly recently.... and still hovering about $3.50 per pound. It's becoming precious enough to encourage theft, and ALMOST to the point where we could start giving the price per troy ounce! I personally stake out a much more aggressive position in copper than in silver. Other metals are worth looking at... particularly alloy additives, specialty metals, and aerospace exotics, things like titanium, chromium, vanadium, molybdenum, tantalum, niobium, zirconium, indium, tungsten, and hafnium. These metals do not follow market trends as clearly as do the standards, and so they can provide investment opportunities for the person willing to delve into the intricacies of their supply and demand situations.
That not always the norm, you also have to take into account the prime interest rate which is low and the economy yield which is high. These two factor will give you a high precious metals market and a high stock market. Yesterday all Precious Metals were up, Silver up 0.09 to 14.09, Gold even, Platinum up 1.00 to 1161.00 and Palladium up 4.00 to 331.00 . Some for the Stock Market, Dow up 89.72, NasDaq up 35.18 and S&P 500 up 12.41. Silver will be at 15.00 by med year 07, but will fall by the end of the year. How far is anyones guess.
December 04, 2006 closing precious metal prices: Silver $14.05/oz up 0.08 Well, the predictions of all have come true! Now, for $15 silver.