Silver trending down, how low will it go?

Discussion in 'Financial Cents' started by kckndrgn, Sep 22, 2014.

  1. kckndrgn

    kckndrgn Monkey+++ Moderator Emeritus Founding Member

    To those that follow this better than I, what do you think the bottom of the silver price will be?

    60 day silver
    Last edited: Sep 22, 2014
    Motomom34 likes this.
  2. gunbunny

    gunbunny Never Trust A Bunny

    Fifteen maybe? I wonder if someone with deep pockets are dumping all of their EFT's, or what. Can anyone get silver at spot price at their local shops, or are they keeping the price higher (where it was earlier) with fees?
  3. kckndrgn

    kckndrgn Monkey+++ Moderator Emeritus Founding Member

    Funny, when I link the 30 day price graph it's correct, but after the thread posts it reverts back to the Jan data. I've removed the image since it was confusing.
  4. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    It is interesting. If it can drop down to $5 or $6, that would be great. I would think we were back in 1998 again!
    kckndrgn likes this.
  5. kckndrgn

    kckndrgn Monkey+++ Moderator Emeritus Founding Member

    I would like that too, but I don't think it will ever get that low again. I'd be happy with $10.00.

    I did place an order yesterday, and it seems that prices are having a bit of an uptick this morning.
    Brokor likes this.
  6. Dunerunner

    Dunerunner Brewery Monkey Moderator

    $15/ ounce was the basement for silver 10 years ago. Could go there again......
  7. BTPost

    BTPost Stumpy Old Fart Snow Monkey Moderator

    It is not just Silver, but Gold, and Bitcoin, as well.... this just does NOT make a lot of sense... with all the QE going on by the FED, these should ALL be rising, but they are not.... When the Stock, and other Bubbles Burst, then watch the price go Sky High.....
  8. 3M-TA3

    3M-TA3 Cold Wet Monkey

    I'm amazed at how people fall for obvious engineered bubble scams over and over again, and buy when prices rise only to sell again aver prices fall to at least get something back. As soon as Silver bottoms out I'll be in a buying mood.
  9. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    good luck trying to get physical for spot.
    those selling at spot are getting cleaned out as soon as someone knows they have it.
    3-5% min over for 90%
    8-20% for bullion.
    And that local. It's been that way for months.

    Of course if you are a seller you are looking 50-80% of spot.

    I guess they have to keep the lights on some how. ;)
  10. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Oh you also asked what we thought it could drop to.
    My cracked crystal ball says low 16 for silver and I've no idea how low gold could go as I believe that spot is approaching costs to produce.

    But with manipulation of the market .. who knows which way it could go.

    But, the day the shorts are called ... those needing to cover are going to spike it.
  11. fedorthedog

    fedorthedog Monkey+++

    Its funny if you watch some of the financial programs you are seeing those who have been saying this beat up as having been wrong for years. Yet it seems so obvious.
    gunbunny likes this.
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