When Will Silver Hit $20 Again?

Silver might get up above $20 a little bit, but honestly I don't see it staying there for a long term. I could see it average about $15 for 2011.

I voted $20+

Soon enough, 1 month, 2 months, 3 months, 6 months, a year, two years...it'll hit and stay above that $20 mark. In the long term 20+ years I think silver is wayyyy underpriced, tenfold. Poor man's gold for only so long.


All opinion, and at 22 years old I hope to turn, say $1000 worth of silver into a whole lot more to pass down to kids, grandkids or nieces/nephews, etc.

I think silver will continue to rise and fall between $19 and $25.00 per ounce throughout the year 2011.
I still think gold will hit $1400 to $1500 before it ever crashes. I don't think it will ever go below $1000.00 an oz ever again. If it does, we'll all be rolling in the dough anyway because the world economy will be very strong.

i think its gonna drop down to around 15-16 dollars in the near future since the economy still sucks, but probably after 2012, it start going up again

I sent a 90 troy ounce batch of sterling to the refiner on Monday. I haven't bothered to check but I'm sure they got it yesterday or today, & will refine it sometime next week. Every batch I have sent in the last 18 months the spot price has dropped by $1 between the time I sent it & the time it was refined. Based on that I expect to see a $1 drop sometime next week; my projection is for a price of $18.50 by the end of next week.

Things have changed on the silver market the last few weeks. JP Morgan Chase has been shorting the market (illegally) for years (with a wink and a nod from the feds). They are also the party who controls SLV the silver etf (which many of us believe is a paper market).

A very short while ago they announced that they were changing their involvement in the silver market and have been covering their short positions to reduce their liabilities. As long as their price suppression scheme continues the silver price will be dictated by JP Morgan. Once they walk away with reduced exposure we should see higher prices for silver.

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I think it's going up past $20 and staying there... one thing not mentioned elsewhere is the fact that there are very few silver mines.... most silver ore is coupled with other metals, notably lead. As the demand for lead drops, this will by proxy increase the price of silver.

And add to this all the cool new uses for silver noted previously, plus the fact that people are worried about the economy, etc and are actively acquiring silver. and last add in the ETF's which are overextended, and when that market crashes it will jump way up as everyone goes on a buying spree to get physical silver to cover their paper.