Current Spot Price

[jerry278]

Hey all!

As I am writing this silver's current spot is hovering around $30.50 or so. Whats everybody's thoughts about the future movements? You guys think it'll go up before it goes down. Or down a bit first? Anybody think we'll ever see below $30.00 anytime in the near future?? Just curious

Thanks all!

[97guns]

i think this current move will go to $32 and consolodate in the 30.50-$32 zone before making its next move. in my opinion $2X silver is gone.

[BamaJoe]

Honestly - I have no idea. I've learned over many years not to worry about it or try to time the market. I just firmly believe that down the road it will be higher than today. I have bought every month for a decade now (sometimes a lot, sometimes just a few ounces) and will continue to just stack, and stack and stack. Simple strategy that has paid off well.

[whatsnext]

I myself think 32 is a hard door to get through and 35 is something 6 months awayish.

The jobless situation, debt and ingorance keep the market in a low go mode, but really were else have you outdone allmost all other investments.

The gain will come but not all in a straight line(Unless something shocking happens in the supply/demand, and that would have to be big with all the rumors already going around.

I think the market isnt as surpressed as it was a half year ago and only honest gain so far.

EDIT--Watch out for gas rising, I'd settle for 30 silver for gas staying around 3. Why over time you just burn the profits.

[mr18]

silver will continue to rise, when you have talks about the dollar collapse, that only places fear into people. that makes them buy PM's

[97guns]

I myself think 32 is a hard door to get through and 35 is something 6 months awayish.

The jobless situation, debt and ingorance keep the market in a low go mode, but really were else have you outdone allmost all other investments.

The gain will come but not all in a straight line(Unless something shocking happens in the supply/demand, and that would have to be big with all the rumors already going around.

I think the market isnt as surpressed as it was a half year ago and only honest gain so far.

EDIT--Watch out for gas rising, I'd settle for 30 silver for gas staying around 3. Why over time you just burn the profits.

if you look at the silver chart and the run that its been on since august its gonna walk right past $35 in much shorter time than 6 months.

just by looking at the chart and the current trend line in 6 months it should be in the $45+ range