Future Price Of Silver?

Yippie!!

Send in those Littleton order forms from the Sunday paper to get your 1 oz eagle below spot (19.95,for now). I always take advantage of the little bargains when I find them. Unfortunatley there is a 1-coin only per order limit otherwise I would buy as much as possible. Coin show this weekend...I wonder what hidden silver finds are waiting. Better brush up on some foreigh coins content to determine value. What do you folks think about a bubble burst. The rise is extremely fast as of this month.

I sure hope it drops a bit in price so I can afford to buy more. February 20th was when I was able to purchase a 20 coin roll of ASE for $400.00 ! I need it back in that ballpark so I can stock up !!
Laura

i would say a little disappointing with the silver price today...maybe someone knows something we don't. I would be glad to see it drop some more so I could purchase some more as well...only thing is with it hitting the 20 buck mark it likely won't lower the prices of silver coins...my source in the south jumped a couple of bucks this past weekend per coin...unfounded increase since the $20 mark had not yet been achieved...currently it would appear that silver will be around 19.50 an ounce (still not a bad price)...it has slipped 60 cents today

Here are the forces working on the price precious metals. The USA has been consuming more than it has been producing for sometime. World trade partners have a surplus of dollars, and little to buy. They can buy American companies, land etc. or they can buy something real like gold and silver. Basic economics tells us that any market where there are more buyers than sellers results in higher prices. That is where we are. It takes time in an economy as large as the world to correct imbalance. I see today some profit taking, but in the long term precious metals will continue to inflate as long as there are more buyers than sellers. In the 80's there was an attept to corner the market this drove silver to about $50. Gold did not track silvers explosive growth in the 80's. Now we see metals tracking together which indicates broad support for higher prices.

Come on, silver can't go up every day can it? After the run up that it and gold have had, a couple small down days, and/or some sideways action is good. It means that the bull market is based on actual value, not someone artificially driving the market up (like the Hunt Brothers). It also creates some resistance levels, which help to keep the price from crashing back down. I need more time to really explain, but relax, silver is going to go higher.

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maybe some were taking some profits today, but it sure is early to start doing that...

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Actually, with it being up around 6% in the last week, and 15% in the last month, I was suprised that it didn't happen sooner...