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Opinions on silver spot price

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The Silver Machine
New Member
United States
43 Posts

Posted 02/08/2010 12:33 pm

Hey guys I was just curious on what you think silver will do in the next few weeks, few months, and few years. Thanks in advance.

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Jason11006
Valued Member

United States
132 Posts

Posted 02/08/2010 12:40 pm

I think it will go up. history shows that silver goes up for a few weeks / months. then falls a little and goes back up. I think we will see silver over $20 an ouce with in the next few months. expecially with china telling there 1.3 billion citizen to buy silver up and horde it. Just my opinion tho, no expert here

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StJoeBlues
Valued Member
United States
216 Posts

Posted 02/08/2010 3:02 pm

My opinion - The Fed has issued so many new FRNs that we will see nasty inflation in the next 2-5 years. This will cause precious metal prices to skyrocket as the dollar loses value. Just look at what happened in the mid-70s with 18% interest and out-of-control inflation. This was in response to a 13% increase in the money supply by the Fed a few years earlier. I am stacking PMs as fast as I can.

Matt

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GFR3
Valued Member

USA
473 Posts

Posted 02/08/2010 4:42 pm

In the short run, I suspect it will drop at bit more. Im thinking a slow as $12 before it starts climbing up. Long run, I expect it a little under $25 year end.

Do it for the coins, not the money

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Tim Stroud
Pillar Of The Community

United States
966 Posts

Posted 02/08/2010 6:13 pm

Silver spot price at market open on Monday, January 3,2011 will be $7.58 U.S. dollars and trending downward. You heard it here first so mark your calendar.

Pay your taxes! 12 million illegal immigrants are depending on it.

"A government big enough to give you everything you want, is big enough to take away everything you have."
Thomas Jefferson

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timer
Valued Member

United States
95 Posts

Posted 02/08/2010 6:50 pm

I think silver will continue to trend up for the next couple of years at least. I don;t think the Dollar is going to show any sustained increase in strength as long as the deficit continues to grow and they keep creating new dollars. I can imagine a time when other coutries .... China/Japan ... will not want to hold dollars any more and start dumping trillions into the currency market. I'll guess $23 by 1/1/2011.

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afcop13
Pillar Of The Community

Coin Community Supporter Supporter!

United States
1036 Posts

Posted 02/08/2010 7:21 pm

My .02 is that it will continue downward for another short period of time, maybe as low as $12-$13ish, then trend upwards towards $20 by year end.

Watch to see if the commercial real estate sub-prime mess hits as many expect, and further devalues the dollar, pushing us towards higher inflation rates in 2011/12, etc. Gold and Silver will both gain another 50% minimum.

Take advantage of lower spot prices now, I think its an excellent opportunity to pick up some deals. Again - that is just my .02 and does not reflect the opinions of this station.

Oldest Roll/Loose Finds:
.01 - 1904 IHC
.05 - 1925 Buff
.10 - 1952 Rosie
.25 - 1957 Wash
.50 - 1918 Walker

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