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Silver: "How low can you go?"

ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
in Precious Metals
Predictions?


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Comments

  • OverdateOverdate Posts: 7,016 ✭✭✭✭✭
    It depends on whether it's physical silver. I notice that 100 ounce silver bars on auction sites are attracting bids of over $1,400 - and some of these bids were placed *after* Friday's silver close below $13.

    My Adolph A. Weinman signature :)

  • FishyOneFishyOne Posts: 376

    APMEX is selling junk silver at 9.5X face or about $13.50/oz.

    I don't see single digit silver prices coming but you never know.

    There are a lot of buyers right now and they're looking for $13/oz silver.
  • storm888storm888 Posts: 11,701 ✭✭✭
    I am betting on <$6, by Q2, 2009.

    BUT, I may well blink and cover any SHORTS when I see $8+/-.
    It is not always easy to stay nerved-up when you see that
    old bird in the hand.

    Obviously, none of US have any "inside info." It's all pretty
    much gambling and guessing.
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • TrustNo1TrustNo1 Posts: 1,359 ✭
    I wish it would hit $5 again but doubtful....I say it hovers near $11
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