Silver over $50.00 an ounce!!!

eminem

Will we ever see this post considering the fact that the US government has to buy silver on the open market due to no stockpile? It makes sense to me that lack of supply will boost the price. It's the law of supply and demand. The gold market does not have the same supply problem so I don't see the same thing happening. However, I do see the run up in gold coming from the weak dollar. Fire away!!

haletj

$4.30 to $7.01 in a few months... sounds like something crazy is going on!

eminem

7.16 this A.M. and it has been making huge moves when NY markets open. The moves have been up and down but it has been steadily trending upward.

LucyBop

hmmmmm....


maybe my Britannia hoard will pay off after all!

haletj

Wow, $7.16! Go Red Sox!!!

Steve27

Sorry, but silver will never be $50/oz again. Too much supply and too little demand.

Geoman

I have been following silver for a while. While I do not think it will hit $50/ounce; I do see it continue to rise this year, and steady out/fall some towards the end of the year. I personally think we may see $10 ounce this summer. But it is really anyones guess.

Here is an interesting article on KITCO.
Kitco article on metal prices.