where do you think silver will be on Sept 1-2020?

YQQ · July 21, 2020 5:30PM

vote and comment if you like

blitzdude · July 21, 2020 5:44PM

$35

Somewhere between $15 and $35

TurtleCat · July 21, 2020 6:09PM

If it gets to $35 I may be able to unload a lot of lower end BU Peace dollars I have. I originally overpaid for them so it would be nice to sell for like $45 each if possible.

I think gold and silver are in a temporary bubble. Not sure for how long but regardless of national debt and such but once the general public feels they can resume normal activities money will shift from precious metals to other things.

jedm · July 21, 2020 6:17PM

$25

I know where mine will be. It'll still be in my safe unless the price gets to $30 an ounce.

amwldcoin · July 21, 2020 6:19PM

Optimistic Poll!

DNADave · July 21, 2020 6:20PM

$20

I made an appointment last week, for tomorrow, to meet a lady and buy $150 face or more of 90%. So it will peak tomorrow morning a correct back right after that.

coinbuf · July 21, 2020 6:20PM

$20

No option for $10 so I went with the $20.

jdimmick · July 21, 2020 6:23PM

$25

Guy brought over 25k oz today and wanted $22 , said cant do it Now price is over 22

DNADave · July 21, 2020 6:46PM

$20

We’re not at a top until there’s about 5-10 new posters a day asking where to buy, and how many green monster boxes they should buy.

pursuitofliberty · July 21, 2020 6:59PM

$25

I'll go with $25. only because I think there is pent up fear, and that probably won't end in August. I also think there is too much overhead to go much higher then that for more than a day or two.

Of course, I know nothing about which way or how strong the wind will blow on the third Thursday of next month either.

roadrunner · July 21, 2020 7:41PM

$25

@pursuitofliberty said:
I'll go with $25. only because I think there is pent up fear, and that probably won't end in August. I also think there is too much overhead to go much higher then that for more than a day or two.

That same logic applied to August 2010 wouldn't have made any sense. Silver was in the exact same point on the chart, threatening to break away from the key $20-$21 level.....which had also held back in March of 2008. In 3 months following August 2010 silver was at $30. In 7 months it was at $50. So much for "overhead resistance" or extra supply. After a move down from $50 to $14....silver has the potential to retrace a large % of that move. Applying "common sense" or herd mentality doesn't get you very far. The key players in this market are largely unseen, holding huge amounts of silver options, futures, and even over-the -counter derivatives. I suspect the derivatives are a huge player since they currently contain several years of world silver production. And those are entirely opaque and unregulated. Supposedly JP Morgan has been stockpiling physical silver for the past 5 yrs. Wonder how much they have? They are far from the only mammoth player in this market. Even Warren Buffet from 1996-2006 managed to procure over 1 BILL ounces of silver - more than one year of world production.

pursuitofliberty · July 21, 2020 7:56PM

$25

@roadrunner

If you are going to quote me, you should read my second line again.

I well remember the run from the mid 20's to the high 40's (I wasn't paying too much attention from the high aughts to somewhere about that time when we hit 20) Did we hit $50? I can't remember.

However, I do think you are right, the movement is from other than physical. Futures and options, along with other derivatives drive price. Has for decades. Wish I'd have been long recently. A lot of money if you were on the right side over the last few days.

I haven't decided what I think 100% yet, otherwise I'd be in on a real number. I thought about long two weeks ago, but I sat out. I know it's been boiling for a bit and I should have went, but I didn't. I've made some net money in the paper game since last summer.

You going to put down a number?

Hydrant · July 21, 2020 8:55PM

November?

asheland · July 21, 2020 9:10PM

$25

I’m going to narrow my vote to $28.

cameonut2011 · July 21, 2020 9:50PM

$15

WQuarterFreddie · July 22, 2020 4:07AM

$35

I said $35 due to COVID-19 response from global governments stimulus programs. It's gonna get ugly!

Jimnight · July 22, 2020 4:51AM

$45

I like to think big!

Namvet69 · July 22, 2020 4:56AM

$25

A slow climb is my though. Peace Roy

jmski52 · July 22, 2020 5:11AM

Based on the answers given thus far, the majority of guesses will turn out to be wrong. Roughly 5 weeks from now - my guess is $30. With a standard deviation of $20, lol.

ricko · July 22, 2020 5:55AM

$25

My guess is conservative.... certainly it may go higher on the way to September, but I believe there will be some pull back as politics heat up heading into November. Or not - so many things going on right now, predictions are really just guesses....The black swan virus certainly has muddied the waters. Cheers, RickO

WillieBoyd2 · July 22, 2020 6:49AM

$20

In the Days of the Comet...

roadrunner · July 22, 2020 8:45AM

$25

Gold to silver ratio crushed even further today. From 85 to 81. That makes a 35% drop from the 126 March peak. Lots more to go though as 45-65 is the normal range of the past 50 yrs. Just this month alone a drop from 99 to 81. There is double support here at the 81-83 range going back to the Nov 2008 crash peak of 83.5. And when that level got broken in Feb 2020 it ramped up fast to 126. If 83 gets taken out to the low side again, it will be another quick slide to 75 or so. If gold is at say 1900, that would suggest $25 silver. Gold at $1960 with a 65 GSR would give us $30 silver.

The 5 yr wedge is in play. It pushed GSR up to the 126 extreme. It will reverse that by taking it down to the lower wedge extreme in the 40's. Silver will be the beneficiary. Recall that the last major GSR low was 31 back in Spring 2011. No need to guess when the chart lays it out for us. $25 silver seems in the bag. But I'd say $30+ from here....not necessarily by Sept. Charts take their time.

Wonder why $30 was not an option in this Poll? It's probably a LOT more likely than anything besides $20/$25.

coinpalice · July 22, 2020 10:36AM

at least 25, would like to dump a bunch of silver to buy gold

johnny9434 · July 22, 2020 10:49AM

$25

ill take $25 to maybe 30 an ounce

roadrunner · July 22, 2020 11:13AM

$25

What formerly banned member now has the new alt ID of Cagcrisp?

oih82w8 · July 22, 2020 11:21AM

$20

"where do you think silver will be on Sept 1-2020"

Right over there...somewhere between Aug 31 and Sep 2nd.

Aspie_Rocco · July 22, 2020 12:14PM

$55

🤷‍♂️ Why not?

BJandTundra · July 22, 2020 3:37PM

Still fighting the bad guys with the Lone Ranger and Tonto.

dpoole · July 22, 2020 3:45PM

$45

FA..a long.long way to run...

where do you think silver will be on Sept 1-2020?

where do you think silver will be on Sept 1-2020?

where do you think silver will be on Sept 1-2020? 61 votes

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