On the road to $40?

[obsessedwithsilver]

Silver has been on a steady march for the past few weeks. Does anyone think we will hit $40 sometime soon?

Weigh in.

OWS

 

[SFBayArea]

Before June.. however I would be cautious about it after June. There's talk of limiting speculation in the commodity market by the CFTC since one of the members will be replaced. I like the precious metals going up but hate the oil going up. They say there's plenty of supply for the demand on oil but it's the speculators that drive it up. Any limitations on speculation may effect gold/silver also. So everyone be warned.

 

[clovis97]

I've read several analyst's opinions saying that silver is due for a big correction. Using historical data, I agree. As well, those who understand the driving fundamentals to the silver market say that those fundamentals aren't there, and don't support this continued rise in price.

I think we could easily see $40 silver very, very soon, and $45 an ounce wouldn't surprise me.

After that, I think a huge correction will be in order, and I wouldn't be shocked to see $30 silver again, at least for a short while. It may even fall into the high $20 range, with $27 being the lowest.

Like most markets, I think it will recover quickly, and then we'll see silver rise above the point before the market corrected.

In short, I think $50 silver is on the horizon, and maybe much higher than that. I wouldn't think that $75 silver is out of the question at some point.

 

[FIRE310]

I see us hitting 45-50 then correcting down to the 30 range. I dont see us hitting low 20's again.

 

[treeslayer]

I think it will hit 40 by july. I dont think it will ever stay low again. If you look at what everything costs today, then you know that forty or fifty bucks, really is not that much money any more.