Opinions On Silver Spot Price - Coin Community Forum

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Author	Replies: 6 / Views: 1,687
The Silver Machine New Member United States 44 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. Report this Post to the Staff

Jason11006 Valued Member United States 133 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 Report this Post to the Staff
StJoeBlues Pillar of the Community United States 573 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. Report this Post to the Staff
GFR3 Valued Member United States 473 Posts	Posted 02/08/2010 4:42 pm In the short run, I suspect it will drop at bit more. I'm thinking a slow as $12 before it starts climbing up. Long run, I expect it a little under $25 year end. Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 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. Report this Post to the Staff
timer Valued Member United States 129 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. Report this Post to the Staff
afcop13 Pillar of the Community United States 1409 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. Report this Post to the Staff
	Replies: 6 / Views: 1,687

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