How Low Will Silver Go!

Well it,s 18.51 today. Since I started this Topic Silver has dropped over eight dollars.

Others in mass will just follow the trend ))
it doesn't matter what others think as we are not the driving force behind silver/gold moves

anyway, I want to add some silver but I'm not sure whether to add 100 oz of pandas or continue accumulate numiZ with premiums

True: premiums are destroying our wallets! The dealers simply won't sell them cheap. Once they bought them, they're willing to make fat profits. I saw 50 % premiums even. It's crazy.

To return to the thread's original question: about how low silver can go...

Well, I guess if the production price is 17-18 $ (as I read somewhere), then it might not go much lower than that. Even if it goes below that, I don't think it can stay there for long.

I'd still like to buy for 2-3 $ less per ounce. If you buy more ounces, it all adds up!

Silver does have room to fall more. This could be like the 1980s again where Reagan did a lot of things to restore our economy and our prestige around the world. Those to factors combined helped push silver down into the $4-$6 range for several years. That was a long flat line. We could have that again in the near future. Obama is not politically inspiring and his administration has been weakened over the IRS aCrnd Benghazi scandals. Syria could yet prove another mess. This could produce a situation where another Reagan type figure (able to cultivate a large political action movement) wins the Republican presidential nomination and then the presidency (keep your eyes on Christie, Cruz, Rand Paul, and Jeb Bush particularly). Who do the Democrats have that generate excitement now for 16 OUTSIDE their own party maybe Andrew Cuomo. Perhaps if he decides he wants to run. Clinton is damaged goods and Biden might be better for Saturday Night Live or the circus but not a presidential campaign. In the meantime watch the run up to the 14 midterms. If the Republicans have a huge runaway year which includes retaking the Senate then I think we have a Republican victory in 16 and that with the right Republican with the mass Reagan like appeal sets up silver for another 1980s.

I'm not very interested in politics, or racial platforms... Silver is a commodity and I will keep my discussion to that and that only.

Someone said that silver once mined basically stays in some form and is never lost... That could be said for gold but not silver. Silver has a multitude of industrial purposes including solar panals, parts in computers and medical applications. Most times when the silver is used in industry in very small amounts it isn't cost efficient to extract and recycle the silver out of items.. it then really is lost in waste & landfills.

The majority of silver that is extracted is a by-product of copper - nickel minning. Miners would mine for copper - nickel and extract free silver. (This is one of the reasons why silver was cheap 20 years ago)

With the price of silver where it's at there are mining companies that can mine just for silver in areas where they aren't going to extract many other minerals simply because the price of silver will cover their costs. If the price of silver is shorted much more you will see these types of operations close their doors.

Currently as it stands from the last COMEX number I read from another forum the number of NET long contracts far exceeds the number of NET short contracts.... (the price of silver in the future will either remain or go up a bit)

I Personally don't see politics as having affected the price of silver... Silver has been affected (and grossly over valued in my opinion) by ETF and "paper" trading of silver.

It looks like there has been a bit of support at the $18 dollar level.... I feel that below $12 most mines that are exclusively silver mines will shut down as they cannot support their operational costs. This may dry up a bit of the supply of silver in a few years and once again a balance between supply and demand for the commodity may once again exist.

Realistically I see silver trading around the $20 mark for the next year... unless there is a very large push for solar energy or from the health care industry.

Silver has reached it's low for the year. ETF support is only part of the equation. Look for mid to upper 20's by October.

@basball21: I'm curious if you have experience mining or know someone that does. I'm just wondering how you know all of this or if you just read it somewhere. That's all. You say there's no real cost for mining; you just kind of discover it as you go and tally up your costs. Is that right? The way you're talking (there's a lot of above-ground silver) makes it seem as though there's enough silver for the entire world to use as money.

I really like the idea of using CombiBars as currency except that the premiums are pretty restrictive to that end. All of those "Cash for Gold" places would either go out of business or evolve into street assayers. As it is these people are hardly ever inspected as to ethical practices and whatnot so if I had something to say about it I would heavily regulate these types of businesses. A street assayer would be a bad idea and there needs to be something in place to counter that.

As to how low can silver go? It's not like my silver disappears as the imaginary price falls. One ounce today will be one ounce tomorrow. I'm trying my best to stay out of speculative threads because they're too much fun and then they get locked. It's easy to say where you think the price will go but as I say a lot - there are psychological support areas like $20. So pretty much every $5 you're going to see some resistance to movement. It is, in my opinion, you don't have to agree with me, numerology. I don't have a specific number I wish it could be. I benefit from highs and lows. I think I'll be a seller in the next bull rush and just start my collection all over again in the bear.

I was happy to liquidate crappy alloys I had when it was $40, but I really thought it would go a big higher (at least $60-70) because of the momentum silver had at the time. I think that for the time being I will purchase LOW.