Silver Breaks Below $30. What's Next? $25 or $35? POLL

BigRick

pf70collector

$26 for a short time and then up and away. I don't know.

DrBuster

I voted down on this and the gold one. EU issues are finally coming into play post-elections, so I think we'll be down for a while.

I'll be buying as normal though.

johnny9434

id like to see $20 but doubt it. $24-27 is more reasonable. jmo

tneig

Yeah, as the price gets better buyers will come out of the woodwork, so I don't think it will hit $25. But it depends on how long the stock side/dollar side of the house holds out. Election year. I got a 4oz silver 10000 dollar plate today, and looking for more.

morbidsteve

Hopefully sub-20 within the month.

djm

Please always remember and don't ever forget, Silver is a highly manipulted market.

cohodk

<< <i>Please always remember and don't ever forget, Silver is a highly manipulted market. >>



Why is that always the excuse people use when they are losing money?

chumley

I voted $25 and you can't lose a dime on silver unless you sell.

derryb

<< <i>

<< <i>Please always remember and don't ever forget, Silver is a highly manipulted market. >>



Why is that always the excuse people use when they are losing money? >>


I make money on the price fixing. Volatility can be profitable for those that recognize it and its causes. Those that deny it is happening are better off in other markets.

TWQG

I voted $35 and I don't know why

LukeMarshall

<< <i>you can't lose a dime on silver unless you sell. >>



TRUTH

Baley

I see some support at 28 and resistance at 34 in the short term (several months)

If either level is violated, then it could probably move another 5 bucks in the same direction?

Anyway, I voted $35 first, simply because I'd be a buyer again at $25-28 and think maybe there are others like me, who would also sell some near $40 but not rush out at $35 (because we didn't before)

I see incredible resistance above about $46 and suspect we may not see $50 for years to come, because there may be a lot of people who missed their chance to cash out at $49 who will be willing to take a little less than the round $50 number next time.

Timbuk3

I see a decline to around $23 and a flat level with
possibly a high of $32 !!!!

pursuitofliberty

35., but really not sure after the last couple days

Like Baley, I think there are alot of buyers as the price moves slightly lower than here, which will probably prevent 25., but no gaurantees, as too low and a form of panic selling from the ETF's may set in.

I tend to see it stabilizing somewhere within the next 3-6% down and then starting it's climb again.

Of course, I am starting to believe maybe we'll see a lot of swings between 28 and 33 for a while to come

Overdate

I voted $35. At some point I expect the ceaseless money printing and deficit spending to trump everything else.

nibanny

I voted $25 because I feel that the downtrend started too early. We still have 6 months before the election.
In Europe things won't be fixed shortly but I don't think we will see any default/crisis in the next few months.
Hence, the drop will continue (and I will back up the truck! )

Just my 2c.

Pokermandude

I still don't see silver stagnating in the 20's for very long. IMO it's doubtful that we'll hit $25... Though I think there's a better chance of $25 silver than $1500 gold

mikeyg

I'm one of silvers biggest fans,but I can see it dropping below $25 and sitting there.Regardless I'm still buying 10-20 ozs at a time.If it doesnt go up from there,plan B is to have a silversmith friend of mine make some cool things out of it.I was thinking about a suit of armor,or a 100 oz budda something like that.

Exo2012

The path back to $3.50 will not be a straight line.

Overdate

<< <i>The path back to $3.50 will not be a straight line. >>


It will probably reach that price when the dollar is revalued and a couple of zeros are knocked off.