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Right now the "year high" of silver is $49.28.

However, by May 3rd the high will be only $43.48 (or so).

Does anyone here think that a lower "range" will impact the short term price of silver? My question is based on the fact that right now people think, "hey it's at a huge discount off the high of 49", but in just a couple weeks, the discount will be barely $10/ounce. Still a big discount but $6/ounce less of a discount.

My opinion: It will matter, but marginally.

Isn't this time of year when PMs take off? I mean, we saw the winter dip that is seasonal, right? When do PMs take off?
Take off like a rocket, not like a vacation.

Chief wrote:Isn't this time of year when PMs take off? I mean, we saw the winter dip that is seasonal, right? When do PMs take off?
Take off like a rocket, not like a vacation.

Historically sell in May and go away has been the rule, but not last year. There usually is a dip in January but a general climb through April.

http://www.321gold.com/charts/seasonal_silver.html

I'm just not so sure we can look back at recent historical charts/movements to anticipate what is coming in todays fragile economic climate. So many crazy things going on in Europe, as well as here. I wouldn't be shocked if silver dropped to $18 or is it rose to $50. Either way I'm still stacking..........

I think we will see a pull back in the silver prices soon…to a low of $22.

I've read folks saying it is because the investment demand is down from the previous year, which is hard to believe. Likewise some folks are pointing to a greater supply.

My personal opinion is that is will be caused by the ever present manipulation from the banks and the government. Regardless, I’m seeing that it is likely to drop before it comes back to life. Hang on it will be a bumpy ride.

You can also bet I’ll be buying more when it drops…it is still cheap. By the end of 2013 we all will be wishing be were net buyers at today’s price!