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At what price will silver bottom in the next 6-12 months?

Discussion in 'Gold Silver (All things Metal)' started by Ahillock, May 15, 2013.



?

In next 6-12 months, where will silver bottom out at

  1. < $5

    5 vote(s)
    5.4%
  2. $6-9

    2 vote(s)
    2.2%
  3. $10-13

    10 vote(s)
    10.8%
  4. $14-17

    26 vote(s)
    28.0%
  5. $18-21

    41 vote(s)
    44.1%
  6. $22

    9 vote(s)
    9.7%
  1. Ahillock

    Ahillock A nobody Mother Lode

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    Make your wild predictions and educated guesses.
     
  2. smooth

    smooth Gold Member Gold Chaser

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    I think $18 will hold, but one never really knows. A huge stock market correction could bring us back to levels in the low teens. jmho, but this is when a good swap of metals could be made. ALWAYS have some cash at hand
     
  3. ghost

    ghost New Member

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    It is nearing time to turn lose of the paper price of silver and gold. If you want to buy real silver you will pay 4 or 5 dollars more an ounce than you will for paper silver.

    What are they going to give you when you try to cash in your paper silver? If your lucky you will get FRNs if your not lucky you will get MFGlobaled.
     
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  4. Piggybank

    Piggybank Seeker Seeker

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    IDK, but I'm tempted to unload all of the silver I have soon.
     
  5. gringott

    gringott Midas Member Site Supporter Midas Member

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    I'm not sure, but please let me know when the bottom is reached, I gotta dump my silver then.

    Buy high sell low right?

    uhhhhhhhhhh... Did I get that right?
     
  6. Weatherman

    Weatherman In GIM since 2006 Site Supporter Gold Chaser

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    In the "fools rush in where wise men fear to tread" department, I will hazard a guess that the $22.03 low earlier today may be the bottom of this correction, and the next wave higher could begin today. That $22.03 is an almost perfect double bottom with the spike low from a month ago, and it could form a base that is capable of launching higher price action. Sorry for the weasel words "may" and "could", but that is the best I can do for now. Someday I hope to graduate to the advanced level of the lunatics here who can howl at the moon many times a day without actually saying anything that could be remotely proven wrong by future price action. :wink:

    If my Wild A$$ Guess about this is incorrect and prices drop further, please don't feel any need to tell me about my error. I will feel it in my accounts, because I am betting my funds where my mouth is. :biggrin:
     
  7. southfork

    southfork Mother Lode Found Mother Lode

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    I spent the better part of the night checking all my charts and projections, best I can figure is the bottom is under 25 bucks and its time to back up the bus.
     
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  8. andial

    andial Sir Midas Member

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    Frankly my friends, I no longer give a dam.
     
  9. platinumdude

    platinumdude Gold Member Gold Chaser

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    When Andial no longer gives a dam, we will have hit bottom.
     
  10. MrLucky

    MrLucky Silver Member Silver Miner

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    I said 14-17. I think 18-21 is too close to the current price. It doesn't really matter to me, I don't have anything to sell. I went boating last week.
     
  11. Ahillock

    Ahillock A nobody Mother Lode

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    But do you have anything to buy?
     
  12. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,andial,In the fullness of time I agree with you 100%!:thumbs_up:

    I have been buying as I could all the way down from $40.00 and got some more yesterday!:thumbs_up::cheerful:

    When it all finely caves in all that will matter is --- do YOU have GOLD and SILVER or NOT!:thumbs_down::cry_smile:

    Just KEEP STACKING knowing that one day you will be a happy camper :551: and that people who don't have GOLD and SILVER will be in FEMA camps IF they manage to survive at all. :thumbs_down:

    the DUCK :s9:
     
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  13. savvydon

    savvydon Gold Member Gold Chaser

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    ... better call in the beavers! :cool05:
     
  14. hoarder

    hoarder Banned

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    What kind of silver? Paper or physical? How can we vote in a poll that doesn't define the commodity?
     
  15. Ahillock

    Ahillock A nobody Mother Lode

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    Physical price varies greatly from LCS to LCS to online. Depends on how much you buy and the type of silver you buy. Also depends what part of the world you are in. That should answer your question.

    Now if you don't want to vote don't. No one is forcing you.
     
  16. itsamess

    itsamess Seeker Seeker

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    'What difference, at this point, does it make?' Oh wait, wrong crisis.

    Paper crush will bring down to $12. Total BS since you won't be able to buy it for that.
     
  17. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,It is easy to get confused especialy for newbes --- both FEAR and GREED need to be eliminated from the EQUASION to see the TRUTH!

    Owning physical GOLD and SILVER is just basic historic SAVING for ones future needs --- it is not and should not be about geting RICH.

    Both FEAR and GREED are the motavators the BANKERS have used to BLIND the PUBLIC and take UNFARE ADVANTAGE and have exploited and confused people to the point they actualy believe that DIGITS in a computer are or can actualy be MONEY!

    Keep it SIMPLE --- don't get confused!

    the DUCK
     
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  18. platinumdude

    platinumdude Gold Member Gold Chaser

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    You don't actually want us to curse on this forum. But mentioning beavers made me think of something else.
     
  19. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    Yep won't buy it for that, but you sure as heck can sell it for that to the big boys (who them mark it up $5-6 /oz. ain't life grand??
     
  20. gringott

    gringott Midas Member Site Supporter Midas Member

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    How low is beaver going? That's the real question.
     
  21. savvydon

    savvydon Gold Member Gold Chaser

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    I don't know but I reckon I will continue to pay a huge premium over spot. :cry_smile:
     
  22. Piggybank

    Piggybank Seeker Seeker

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    How is silver still selling for $30/oz online? crazy.
     
  23. hoarder

    hoarder Banned

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    Not crazy at all. Real, physical silver is actually worth more than paper silver. You see, there are limits to how much real silver you can get out of the ground and how much it costs to produce and refine. The "spot" price you see in the Kitco ticker is the price of paper silver. There are no limits on how much paper silver can be issued.
     
  24. Pyramid

    Pyramid Gold Member Gold Chaser

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    Are metal prices at or near the bottom? I dunno, but 17 minutes of research indicates to me the following:
    -Charts say no;
    -Ouija Board says yes;
    -Crystal ball says no;
    -Flip of a coin says yes.
    :confused: :dontknow:


    "Sell in May and go away" is not working, so I suggest keeping some powder dry if you are currently trying to catch a falling knife. Seriously considered making a purchase today, but decided against it. NOT TRADING ADVICE!!!

    Good luck out there folks.
     
  25. samwiii

    samwiii Gold Member Gold Chaser

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    That's why I use my Magic 8 Ball. I asked it "Has the price of silver hit bottom?", and it replied "Outlook not so good". When I asked "Are you sure?", the response was "Signs point to yes." Now that's some information you can bank on!
     
  26. geoffb

    geoffb New Member

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    :party30:10-14 $ silver ,900-1k au ,US bonds 10-20% yeild,DOW 8000-10000 ,US unemployed "official" rate 26%,taxes up,demonstrations up,murder /crime rate up,gambling ,drinking and other drugs up.Global virus pandemic.Incoming comet .:s9:enjoy what we have now .In the meantime invest in yeilding stocks,AAA bonds,realestate .downsize ,pay off debt party with freinds at home:beerglass:grow your own food:grin10: You don't know how good you have got it untill you lose it,or you go to thirdworld country!
     
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  27. Jeremiah_Wrong

    Jeremiah_Wrong Seeker Seeker

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    I voted $6-9. Metals will keep crashing because the dollar's too strong.
     
  28. Ahillock

    Ahillock A nobody Mother Lode

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    The dollar is "strong" until that moment when the shades are lifted from people's eyes and they see the truth. Poof, as the value of the dollar crashes. It is an enigma that the dollar is strong.
     
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  29. Gcubed

    Gcubed Banned

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    I saw a "Poof" this evening. :rolleyes:
     
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  30. platinumdude

    platinumdude Gold Member Gold Chaser

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    Last edited by a moderator: Dec 26, 2015
  31. Gcubed

    Gcubed Banned

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    I wish I could refer back to my lost thread that was in the "3 week purge". Oh well, Kay Sara Sara.
     
  32. hoarder

    hoarder Banned

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    The banking cartel has been getting much support from their internet assets in this drop. There is no telling where paper silver will go.
     
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  33. savvydon

    savvydon Gold Member Gold Chaser

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    That is the sound of physical falling as well my friend. Tulving hasn't changed his premiums in the past 2 hours. $3.49 over spot for Eagles. That is less than $25 dollars an Eagle delivered right into your hot little hands.
     
  34. Chester-Copperpot

    Chester-Copperpot Gold Member Site Supporter Gold Chaser

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    Hoarder take a peek at some of the big online dealers. You can actually buy physical close to these prices too. It might be hard to believe, but it's there if you want it. You'll be amazed at all the different variations too, big small, it's all there.
     
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  35. hoarder

    hoarder Banned

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    They're hedged. Hedging is the glue that binds paper silver to physical silver.
     
  36. nickndfl

    nickndfl Midas Member Site Supporter Midas Member

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    Last edited by a moderator: Dec 26, 2015
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  37. Gcubed

    Gcubed Banned

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    Only a damned FOOL would carry that inventory without hedging.
     
  38. Pyramid

    Pyramid Gold Member Gold Chaser

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    Agree with G3: $22 Ag has been breached, which means $19.XX is in the cards this week or soon. When gold breaches $1320, $12XX is in play in a hurry. It may be a long summer folks, so keep your powder dry, at least some of it. Good luck out there folks!
     
  39. hoarder

    hoarder Banned

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    Nonsense. Lots of smaller dealers don't hedge. When paper metals take a manipulated dip, they simply don't sell their physical inventory. Hedging circumvents the law of supply and demand. If no dealers hedged, divergence would have weakened the manipulators hands.
     
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  40. Ahillock

    Ahillock A nobody Mother Lode

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    Yeah I agree regarding the smaller dealers. One LCS/pawn shop told me he had gold and silver but had too much invested in them that he couldn't sell them at a loss. I told him I understood and had no hard feelings. Mom and Pop places aren't just going to sell at a loss to sell. They will just keep it in the back room safe and wait for the price to go backup.
     
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