$50 silver...

[Jfliz3]

is within the realm of possibilities in the upcoming week!

 

[jonhls]

Silver might broach 50.00 next week but in all likleyhood it will struggle to close above 50.00.Keep in mind the 50.35 all time high and the fact that 50..00 is such a nice round number and there will be a lot of sellers from 49.50-50.50.in my opinion I see silver bouncing between 46-50.25 for at least a few weeks.If for some reason it runs right thru 50. like it has every other resistense level look out who knows where it might stop.I will probable sell a few 40's at 47.50-48.50 then keep a very close eye on where it heads from there.A lot of analyists think it coould and should test the 42.00 support level.I personally don't think it will dip below mid 43's but if it does drop below 42 I would have a lot of dry powder ready as it could drop quite a bit after that.When its all said and done the dollar is still weakening and long term pm's are still very good bet for now.If they throw out a qe 3 we will rocket ,but as soon as they start rasing rates we will stabalize and start drifting down....JUst my opinions....anyone else?

 

[T-Candy]

is within the realm of possibilities in the upcoming week!

^
So is $30.

 

[coinfinder]

I am waiting for $50 to sell my 90%. I sold my 40% at 43. I think it will get close to $50, but not hit it. Just my opinion.

 

[fistfulladirt]

I'm ready to sell my 90% at $130. It just sounds like a good price to sell.

 

[packerbacker]

When silver hit that high in 1980 I think gold was going for about $800 an oz. Given that fact and gold now around $1500, silver should be around $100 for a similar ratio. Silver has been steadily outperforming gold so maybe it is going to fill that gap. Just sayin' (with a song in my voice)

 

[blkcwbyhat]

The biggest issue between gold and silver is the usage.Gold is used for jewelery and such.Silver is an industrial metal.Most gold is purchased either in collector coinage or rings.Silver is used in everything from celphones to computer keyboards.Think about this...you damage your wedding ring,or your grandmothers necklace,you get it fixed.Your keyboard takes a dump,you toss it and buy a new one.

 

[packerbacker]

Yep, I think silver will blow right by $50 and maybe slow down for a short while around $65 somewhere around June. Now, let me get this crystal ball put away.

 

[mts]

The biggest issue between gold and silver is the usage.Gold is used for jewelery and such.Silver is an industrial metal.Most gold is purchased either in collector coinage or rings.Silver is used in everything from celphones to computer keyboards.Think about this...you damage your wedding ring,or your grandmothers necklace,you get it fixed.Your keyboard takes a dump,you toss it and buy a new one.

Very true. I'd bet that if silver were at $1500 right now you'd have companies mining trash dumps for items to reclaim the silver from.

 

[blkcwbyhat]

I've seen youtube vid's regarding silver recovery from everything! I personally don't think its worth the time or chemicals cost.Its a worthwhile effort if you have the material,but on a small scale,not worth my effort. Just like penny's,it all needs sorted out first.