HOW HIGH WILL SILVER GO ?

STEWARTBLAYNUMIS · February 23, 2012 9:38PM

Just curious what any insightful people think ?

Stewart

lasvegasteddy · February 23, 2012 9:44PM

lol...missed that insightfull boat long time ago
to me the question taking president is how high is gas gunna go...

or how low is the dollar gunna fall

my lil wag...i see an easy $100/ounce

STONE · February 23, 2012 9:46PM

Stew, this is why there's a PM forum!

coinkat · February 23, 2012 9:49PM

What else can you do with your money?

CDs are at 1%- with no upside on the horizon

The actual cost of owning bullion and coins is pretty cheap

I see 45-55 by the end of the year

giorgio11 · February 23, 2012 9:55PM

$45.86 by 12:30 pm on Dec 16, 2012. That's why they call them crystal balls.

derryb · February 23, 2012 10:08PM

$150, eventually

PMs seem to have a direct relationship with the money supply and an inverse relatonship with the US$.

A continued policy of having the lowest valued currency (trade and debt reasons), 0% interest rates, unlimited creation of new money will ensure PMs continue to climb in value.

Agree, discussion belongs in PM forum.

DrPete · February 23, 2012 10:48PM

Good question. I expect the price of silver and gold will continue to creep upwards rather slowly. Our paper money is getting diluted and devalued (relatitve to measurable commodities like gasoline, food, costs of automobiles) by our huge national debt and government overspending. It depends on what will likely happen when a drastic step is needed to try to "correct' the monetary basis of the dollar. If they do a change where $2 becomes $1 or $10 becomes the new $1 then the silver price will be reflected by the value of the new dollar. Financial gurus keep coming up with clever ways of disguising the problems, but ultimately thinks must change drastically. The two scenarios I see are:

1. The US government becomes responsible, cuts excessive governement spending, weeds out ineffective programs and government employees that don't do anything productive, and become accountable to the people paying taxes.

2. The US government continues to overspend in the exponential manner that is like a freight train gaining speed, and eventually those holding the debt, especially China and the Middle East, decide to call for their money. The fiat currency then takes a huge hit.

Out of these two scenarios, the second one seems more likely to me.

phnatacc · February 23, 2012 10:51PM

Most likely scenario I see is for it to test last years high around April.

PerryHall · February 23, 2012 11:12PM

There's no limit as to how high gold and silver can go given enough time with a constantly depreciating dollar.

pitboss · February 23, 2012 11:13PM

To the moon, hopefully, as Jackie Gleason used to say.

BAJJERFAN · February 24, 2012 12:07AM

<< Stew, this is why there's a PM forum! >>

but a broader larger audience here.

BAJJERFAN · February 24, 2012 12:10AM

<< Good question. I expect the price of silver and gold will continue to creep upwards rather slowly. Our paper money is getting diluted and devalued (relatitve to measurable commodities like gasoline, food, costs of automobiles) by our huge national debt and government overspending. It depends on what will likely happen when a drastic step is needed to try to "correct' the monetary basis of the dollar. If they do a change where $2 becomes $1 or $10 becomes the new $1 then the silver price will be reflected by the value of the new dollar. Financial gurus keep coming up with clever ways of disguising the problems, but ultimately thinks must change drastically. The two scenarios I see are:

1. The US government becomes responsible, cuts excessive governement spending, weeds out ineffective programs and government employees that don't do anything productive, and become accountable to the people paying taxes.

2. The US government continues to overspend in the exponential manner that is like a freight train gaining speed, and eventually those holding the debt, especially China and the Middle East, decide to call for their money. The fiat currency then takes a huge hit.

Out of these two scenarios, the second one seems more likely to me. >>

A reverse split on money, how quaint.

Rkosha · February 24, 2012 12:17AM

From the cheap seats, it looks like a lot of people who are a lot smarter than I am have already priced in a lot of the depreciating scenarios which could affect the price of silver and bullion in general over the last 4 years. I don't think it's a coincidence that this pricing appears to be related to the political and economic philosophies of our fearless leaders. That being said, and based on the sentiment of the largely silent masses who seemed to request a change of course last election, I look for the price of bullion to increase to a $50 to $60 summit around mid year, and then drift back down as the political crystal ball becomes more clear. Just a thought....I could be wrong.

ricko · February 24, 2012 12:28AM

$38.50 by May..... Cheers, RickO

Barndog · February 24, 2012 12:31AM

<< 

<< Stew, this is why there's a PM forum! >>

but a broader larger audience here. >>

perfect justification for discussing sports, postcards, foreign coins and currency, and all sorts of other topics in the US COIN FORUM.

BAJJERFAN · February 24, 2012 12:43AM

<< 

<< 

<< Stew, this is why there's a PM forum! >>

but a broader larger audience here. >>

perfect justification for discussing sports, postcards, foreign coins and currency, and all sorts of other topics in the US COIN FORUM.

>>

not really those are definitely OT silver not necessarily. I'm sure a mod will move it if someone requests it. I can tolerate a little non coin specific stuff, I'm not as anal about it as some. If it was something other than gold or silver I'd agree.

maybe the mods should sticky a post to the top telling us how to delete posts that we make that piss off other members.

there are plenty of eBay/PP posts that don't seem to have anything to do with buying or selling coins yet no flak on them.

Is the ASE milk spot problem a PM or U.S. coin topic?

greatnortherncoin · February 24, 2012 12:56AM

it will keep going up

SamByrd · February 24, 2012 2:08AM

30.31 by august

percyb · February 24, 2012 2:23AM

How high can you count?

bestmr · February 24, 2012 2:26AM

<< 30.31 by august >>

You can't go down!! That's blasphemy!

Billet7 · February 24, 2012 2:32AM

I think it will continue to soften.

BAJJERFAN · February 24, 2012 2:37AM

<< I think it will continue to soften. >>

So how come a rising price isn't called hardening?

corrected from is to isn't

bob48 · February 24, 2012 2:46AM

I like the comments.
I hope it softens but what do I know, I just want to buy coins. But in reality I think it will go up!
Thanks, Bob

robkool · February 24, 2012 3:06AM

Stewart...

I can see silver break $50 bucks before the end of this year...

Russ · February 24, 2012 3:09AM

Uh, it's currently down $14 from its recent high. And the only reason it's gone up a couple bucks this week is because I sold some Monday.

Russ, NCNE

TwoSides2aCoin · February 24, 2012 4:05AM

After a dip, it could go higher. Is that inciteful ?

BaseballAbs · February 24, 2012 5:46AM

<< Stewart...

I can see silver break $50 bucks before the end of this year... >>

I think silver had it's opportunity to go that high last year. I think it will remain at it's current pricing for a while give or take.

GolfguyinTX · February 24, 2012 5:55AM

I think it will continue trending up until there is another major sell off, the time of which I will certainly be late for.

PerryHall · February 24, 2012 6:04AM

It will have it's ups and downs but it will trend up over the long haul. Todays price will look cheap 10 years from now.

Russ · February 24, 2012 8:01AM

<< Todays price will look cheap 10 years from now.

....Nelson Bunker Hunt, December 1979 >>

Russ, NCNE

Timbuk3 · February 24, 2012 8:37AM

It may go to $60.00
by year end !!!

slinc · February 24, 2012 9:06AM

I think we will see a similar runup to last year possibly breaking through the $50 barrier in the summer months. After that I think alot depends on the election as to whether it keeps going up or back down. I know I will be agonizing over if its time to take my profits or not.

rec78 · February 24, 2012 9:45AM

The silver market is investor driven. Where the money goes so goes the market. The world fiat currency system will continue to have effects on the prices of precious metals mostly to the upswing. There is no limiting factor.
i disagree that this is in the wrong forum as a lot of coins are silver and are driven by the silver market.
How high will silver go? Do you mean this year? in the next five years? or next fifty years?
I will say about $44.54 by June 12th.

EagleEye · February 24, 2012 12:17PM

This is not a chart that is bullish.

Highs are going lower and lows are going lower. Will it break out? With gas rising, which is deflationary, I doubt it.

Silver is a total speculation, it is influenced by gas prices, politics and debt worries only because the speculators are influenced by these things.

derryb · February 24, 2012 12:23PM

Agree that speculation is a driver for silver as was demonstrated first quarter of last year. I believe it is going to draw many who feel they missed the boat with gold and consider it the "next" gold play.

Not much different than the 1 year chart on gold with the exception of that first quarter silver spike and a bit more volatility up and down. Not much different than gold when it comes to fundamentals either. I believe both to be a good resource to protect value of one's savings long term as has been demonstrated by pre-65 silver coins. A 64 silver Kennedy will pretty much buy what it did in 1964; can't say the same for a 71 non-silver Kennedy. Silver's volatility in a bull trend is what attracts paper speculators, including myself.

oreville · February 24, 2012 1:35PM

"any insightful people think?"

WHERE?....WHERE??...WHERE?

PerryHall · February 24, 2012 10:16PM

<< 

<< Todays price will look cheap 10 years from now.

....Nelson Bunker Hunt, December 1979 >>

Russ, NCNE >>

But....but....things are different now!

halfhunter · February 25, 2012 1:12AM

I believe that we can easily see a double this year from the 12/30/11 close of $27.86.
Just my WAG ! ! !

HH

coinkat · February 25, 2012 1:36AM

Charting the Silver market is tough...

It seems hard to make a bullish case for silver if we look at the chart over the past year- if we go back 3 years, the picture changes alittle

originalisbest · February 25, 2012 1:59AM

The proper answer, clearly, is "higher than you think, but not as high as you'd like it to."

IrishMikey · February 26, 2012 4:57AM

Silver will peak at $75 per ounce in 2012, but will end the year lower. Gas prices will hit $5 a gallon. Don't
sell silver to buy gasoline.

IrishMikey · February 26, 2012 4:59AM

<< Uh, it's currently down $14 from its recent high. And the only reason it's gone up a couple bucks this week is because I sold some Monday.

Russ, NCNE >>

Sounds like you need to give us the heads up before you sell the next time. Financial information like
that is priceless.