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 Replies: 37 / Views: 7,998 |
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Pillar of the Community
United States
586 Posts |
I believe spot would go sideway inside $15-17 box for another year. I posted it in another forum (silverstackers) two weeks ago and got ridiculed. Now they're all silent on my post.  What do you think of future silver price movement? |
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Valued Member
United States
252 Posts |
I haven't researched it enough to know the bare minimum that it costs to mine the silver at this point. I would have to say though that spot is going to hang right around that number for about the next year or so especially as long as gas prices stay low.
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Pillar of the Community
United States
4883 Posts |
My analysis is that sideways is ultimately likely, but maybe for a lot longer than a year, and perhaps not so high as the $15-17 range. It's tempting to take the current cost of production as a "floor" but commodity prices don't always conform to such logical strictures. It's more probable that miners find ways to reduce expenses associated with their operations than continue to produce silver at a loss or close down entirely until silver prices "recover" at some uncertain future date.
Colligo ergo sum
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Pillar of the Community
United States
606 Posts |
I like following what big organizations like JP project. In a recent article (I posted somewhere else I think), they projected an average of $18.25 in 2015. This is a bit higher than your prediction.
It will be interesting to follow.
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Pillar of the Community
United States
2661 Posts |
Quote:
I posted it in another forum (silverstackers) two weeks ago and got ridiculed.  I know the feeling. I called for the fall of silver on this very forum during the run up past $40, although I wasn't ridiculed per say, but I was scoffed at for my comments. I was busting the bubbles of those that were calling for ridiculous prices of $70-$100. I do think the price has stabilized some, but as the government cooks the books on economic data such as inflation and jobs data, we could see silver valuations slide closer to the $12 level. But that is just my opinion, and you know what everyone says about opinions. Edited by Tim Stroud
12/17/2014 5:56 pm
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Pillar of the Community
United States
4333 Posts |
"To the moon Alice, to the moon!"
-hee-hee-haw-
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
3692 Posts |
Silver is still cheap right now as nobody really cares for it anymore. I think there's enough of it to go around since the recent bull rush that no one can even sell at high prices. It was a blip that came and went. Anyone going to wait another 30+ years?
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Valued Member
United States
252 Posts |
Libertad, do you think that those people holding onto the silver that they are upside down on now will impact the future price at all?
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Pillar of the Community
Canada
3692 Posts |
I'm not sure I understand your question, RES. I'm also not here to speculate on future prices. For me the price doesn't matter in the slightest because silver is not in huge demand in my industry and the price matter so very little that the labor actually costs more than the material.
I'll give it a shot, though. Are silver holders backwards in dollar figures? Yes. Are they losing when it comes to ounces? No. One has to see the metal for what it is and most people can't tell the difference between silver and other white metals, for instance, so why hold silver at all - it would have to be for the "art" design on a mass-produced coin or bar that is affordable in the silver medium.
Edited by Libertad
12/19/2014 9:08 pm
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Pillar of the Community
United States
1132 Posts |
You may as well pull out a crystal ball & divining rod. I'd (personally) like to see prices fall even lower with petrol, but as they say "In for an ounce, in for a pound." I'm stacking while the economy allows....even though availability is scarce at current prices.
Edited by CopperCastle
12/19/2014 8:48 pm
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Pillar of the Community
Canada
3049 Posts |
coppercastle: where is availability scarce? You come on to this forum... you can easily go to any large PM's dealer.... and with a 1800 phone call or a few clicks of a button secure your order and make payment ready for shipping... easy peeezey!
With respect to what the price of silver will be.... I have no clue.... some of my initial research has shown that an exclusive silver mine ... production costs can be somewhere in the 9-12 ball park... if that's the case these mines WILL shut down soon with these prices or lower.... no big loss however... as in my opinion there is an abundance of silver above ground and much of the silver that is mined is almost a "free" byproduct of the copper or nickle production.
I personally would LOVE to see silver go so cheap that mints start using it again in money.... I fear that is not now nor never will be the case... money has slowly over time been converted from something that had value .. to a series of zero's and one's...
I will still buy the shiney... just not a lot right now... but I always love it....
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Pillar of the Community
United States
937 Posts |
I do not think silver will be used for circulating coinage any time soon. There are several reasons but the main one is plastic.
If one researches historic silver prices one finds that after a large run-up the price falls sharply and settles at a price just slightly higher than the average price before the run-up. Actually one can find this pattern in most things from commodities to consumer prices. It does not always hold true, but more often than not.
Therefore, I think that silver prices still have heavy downward pressure. I think that silver will bottom somewhere around $12 and stay in the $12 to $14 range for quite a while.
To the people who say that would cause a silver shortage because it costs more than that per ounce to mine I say yes less will be mined. The expensive mines to operate will close. The mine owners will tighten their belts and some miners will lose their jobs. The cheap mines and 'incidental' mines will stay open and provide the new silver needed.
The world will not end, the economy will not collapse, and evil will not reign supreme.
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Pillar of the Community
United States
1454 Posts |
Quote:
The world will not end, the economy will not collapse, and evil will not reign supreme I believe the last one took root a while ago when no one was looking. |
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New Member
United States
11 Posts |
Once Silver gets to the $12-$14 range, it will stay there for a long time.
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Pillar of the Community
Canada
1823 Posts |
Just rub this Crystal Ball and it will tell you were the price of silver will be?  Edited by yingyang
12/21/2014 10:44 pm
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Pillar of the Community
 United States
586 Posts |
Silver spot sits about the center of this $15-17 trading range.
16.09 as of now
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Replies: 37 / Views: 7,998 |
Posted 12/17/2014 4:22 pm
