Where will the Price of Silver go (2015)?

Price volatility notwithstanding, with whatever highs and lows in the calendar year 2015, where will Silver (Ozt./USD) close on 12/31/15 ?

Please add any comments on possible price movements (e.g. High, Low, etc.) during the year but keep the focus squarely on 2015. "Vote certainly, but also feel free to give your rationale."

 

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My guess is $27.78, might be wishful thinking but silvers had bigger years percentagewise in the past.

 

Mine is over $30.00

 

During 2015, silver prices will range between $2.00 and $200,000.00 an ounce.

 

I voted below $13 because that is where I HOPE it will go. I have no clue where it will go, but based on where it's gone in the last week, I'd say up.
I thought silver would continue the down trend it was on so I sold $14.9 FV a couple weeks ago for a bit of a profit over what I had bought it for the week before. Since then silver has been creeping up.

 

That close a guess?

You are braver than I am.

 

If I were to guess, which is all anyone can do, I'd say it'll stay about where it's been. They aren't re-opening any of the mines that typically deal in silver extraction around here, in fact, more have been mothballed in recent months, so demand is dwindling. Nearly all the local copper mines have closed as well. So, thats my guess based on local mining conditions.

 

Isn't silver a byproduct of copper mines? I think it will go up a bit and end up around the mid 20's. I base that on absolutely nothing, so don't buy on my advice!

 

I don't know when PM's will have their "finest hour." But I do believe it has yet to happen because zombism is not Capitalism. And, IMO, it will not prevail.

"...Watch money. Money is the barometer of a society. When you see that trading is done, not by consent but by compulsion-when you see that in order to produce, you need permission from men who produce nothing-when you see that money flows to those who deal, not in goods, but in favors-when you see that men get richer by graft and pull than by work, and your laws do not protect you from them, but protect them against you-when you see corruption being rewarded and honesty becoming a self-sacriface-you may know that your society is doomed..." Atlas Shrugged Ayn Rand
Franciso's money speech

[Silver will show up for the date. As soon as she feels like showing up.]

 

Market manipulation aside, $17-$19.

 

Physical silver will likely trade higher than the current March contract of $18.178 per oz.

My rationale is twofold:

• If the U.S. is indeed in a growth renaissance, industrial demand for silver (the key issue here) will increase. Silver is required for all forms of higher quality electronics such as cell phones, computers. TVs etc. So watch the Federal Reserve's monthly manufacturing stats.

• Secondly, physical supply (i.e. inventory) is being drawn down quickly. For us, who follow U.S. Mint sales or for that matter any other foreign mint you will note that either silver coin production is limited or demand outstrips supply i.e. the U.S. Mint's recent suspension of Silver Eagle sales.

• Watch carefully the warehouse receipts (where the physical stuff is located): Shanghai, London and the COMEX. Contracts prices are always subject to leverage so physical warehouse receipt changes are important.

John

 

Typically silver is a by-product of gold mining, not copper. However, there are quite a few mines dedicated to only silver around my community.

 

Actually silver is a byproduct of gold, zinc and copper. It all depends how you extract it. In the past, nitrate acid was used to separate silver from gold. You can imagine what the effects were.

 

Gold zinc and copper can also be a byproduct of silver. The way they determine which is the byproduct and which is the primary is whichever has a higher dollar value coming out of the ground.

So for example if silver shot up to a $100 an ounce some of those copper and gold mines would now be called silver mines.

 

A few co-workers were employed at a large copper mine nearby in Kingman that recently shut down. They said they normally extracted an oz of silver for every 10 tons of copper. The price of silver would have to surpass gold to make the primary product less profitable than the by-product.

 

It's a scarce metal that's still going for only $18 an ounce. It's got to go up.

 

10 tons of copper is worth about $50,000. So silver would have to be worth over $50,000 an oz for it to become a primary silver mine. (and copper price would have to stay the same or go lower)

But really they aren't even getting enough silver to be worth mentioning, im surprised they even waste the time separating it, seems like that would be a losing money proposition.

 

A lot of voters in the above poll must have been burnt twice after buying loads of silver both decades it went over $50 an ounce.

I have no doubt that silver will pass, and leave in the dust, the $50 ounce figure again (about the same time the US monetary crisis renders the dollar kaput due to over-spending/over-printing/over-borrowing and the impact of the BRIC countries move to form a USD free union).

But as for 2015, specifically, I predict silver closing 12-31 between $25 - $26 ounce, if we continue at our current rate of inflation, and even higher if those currently manipulating precious metal prices are shut down.

 

Heres what I hope happens: silver crashes to .08 cents per pound and stays that way till sometime after I retire, at which time it soars to over $1200 an oz, and I cash out and become richer than Bill Gates. It's gonna happen. I read it somewhere on the internet, so it's true.

 

Don't really care what happens to silver necessarily. I'd like to see the three big metals start separating in performance to provide some pin action.