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Come on Silver!


mongo28

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With spot up some $.30 cent over the past week I figured we place our projections here...

 

I expect Silver to level off and stay put after today... But by the end of September be back around $15 spot...

 

Any other predictions? Always fun to hear other insights...

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im guessing around £16ish around July/August and sliding around £1 from its peak by the end of September 

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It very much depends on whether the central planners lose a grip.

If dollars work their way back to the USA and there is QE plus helicopter money we will see hyperinflation. Then the price of gold and silver will be multiple times higher. The blessing will be it will be worth multiple times more whilst fiat currency won't.

If the economy implodes then gold and silver will be a large percentage higher.

If we get a failure to deliver physical and cash settlements, then gold and silver will be multiple times higher.

If everything carries on the same the price could well be much the same as now.

My guess is we are going to see significantly higher prices.

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I'm bullish.

Even though the Fed is slowly raising interest rates, the current US administration has an expansionary fiscal policy. Not only that, but uncertainty is rising every day. With the "Trump Bump" wearing off, we should see a steady decline in equities and a higher demand in safe havens like commodities, especially gold and silver.

My prediction is that silver will bounce around $17-19 this year. Might see a high several times at $20.

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No idea, but I think we are in a bull market so higher is reasonable; caveat is that I think USD will also reverse, so gain in GBP may be limited.

A breach of $15.80 will force a re-evaluation of the long term bull market, but it's looking good and if we can nudge a bit higher and take out $18.50 and then $19.15 then the bull market case become immeasurably stronger.

I think the Dec '16 low will prove to be the classic "bear trap".

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