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 Replies: 56 / Views: 5,554 |
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Pillar of the Community
United States
757 Posts |
Silver seems to be taking a dive. predictions?
--Topic Title edited for clarity--Staff
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Valued Member
United States
98 Posts |
Good, this means that silver coins will now be more affordable and therefore accessible to me due to my very small coin budget. It's been falling for a couple days now, it will probably drop down to $20 by the end of the week, if not sooner.
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Pillar of the Community
 United States
757 Posts |
yeah, it seems good for short term. it'll keep the market from having too many sellers just yet.
long term though? as in after christmas?
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Pillar of the Community
United States
592 Posts |
Two Words: Quantitative Easing.aka QE2
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Bedrock of the Community
United States
10982 Posts |
Silver should settle over $30 this winter. I believe a "floor" for silver will be $30 within a couple of years also. $40 silver is coming soon (by 2012). JMHO.
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Valued Member
United States
463 Posts |
thats why I started to sell at the 27-29 mark hoping for it too go down then re invest into more
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Bedrock of the Community
United States
14454 Posts |
The price will usually drop around the first of the year as well. It being close to Christmas may be a reason for the price dropping also because maybe some of the people usually buying is keeping their extra money for presents
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Moderator
 United States
188213 Posts |
Quote:
...reason for the price dropping also because maybe some of the people usually buying is keeping their extra money for presents Or they are cashing it in to buy presents, increasing the market supply and lowering the price. |
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Valued Member
United States
66 Posts |
In my opinion this is just a temporary drop and after the first of the year silver will resume its upward climb so its time to buy during this lul in the market.I also believe 30.00 is conservative for post 2010 silver.
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Valued Member
United States
307 Posts |
Is the price of silver affected by value of the dollar?
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Pillar of the Community
United States
508 Posts |
Hoping it keeps diving so I can stock up a decent amount for the coming boom.
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Pillar of the Community
United States
757 Posts |
coinchaser,
heck yeah it's tied to the dollar. I mean, the dollar, of course, isn't the only factor here--there are many. nonetheless, even if silver only goes up artifically (as in, it's actual value doesn't exceed whatever when adjusted for inflation) it's still going up...and in this scenario it would be going up bc of the dollar.
you know guys, I read an article the other day where it was suggested that if we have too much inflation, other countries will start to get rid of their US dollars (and why wouldn't they, right?), thus inflating the US market even more.
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Valued Member
United States
426 Posts |
Quote:
Good, this means that silver coins will now be more affordable and therefore accessible to me due to my very small coin budget. It's been falling for a couple days now, it will probably drop down to $20 by the end of the week, if not sooner.
You can say that again! I hope it does fall a little bit more so I can get working on my sets again. |
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Bedrock of the Community
Australia
21786 Posts |
I note that silver was $8.50 in 1992. Applying an inflation rate of 4% over 18 years gives you about $17.50. That is what I consider to be a base price for silver now. Can any one on the CCF explain why the recent price hike happened?
I humbly admit that I am not a student of bullion prices, and the reasons why they have moved recently, either up or down.
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Valued Member
United States
188 Posts |
I really don't think this dip will last long. The demand for physical gold and silver is higher now than I have ever seen it. The big time players are going all in (I saw a man walk out of the local coin shop with every ounce of gold in the place and not bat an eye). The last coin show I went to there were about 50 dealers and at the end of day 3 only one had any Silver Eagles left and he had jacked them up to $35 ea. With the uncertainty in the market, 2.3 million dollars printed out of thin air, and Gov TIPS bond selling like hot cakes at a $5 over a hundred premium, I like silver and gold until at least spring of next year and maybe longer.
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Pillar of the Community
United States
2600 Posts |
This dip was not just predictable but obvious. We saw silver run around $4 or over 20% over a period of about three days. A lot of people, myself included, took a nice profit. As soon as it appears that it has settled, these sellers will be buyers again and the price will start up.
Nothing changed in the market accept a strong run up. Upward pressure is still there. Watch China, with a trillion dollars tied up in T-bonds, they are very edgy about the treasury buying debt. They may well start selling as the treasury buys to stabilize prices and if they do those dollars will go into gold.
Jim
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Replies: 56 / Views: 5,554 |
Posted 11/15/2010 4:14 pm
