[POLL] How high will silver go?

[OgNasty]

Timber!

The loss of market cap in precious metals in the last couple of days has been astounding. Sure feels like somebody put pin to bubble… Is this just a correction before another move higher or are the shorts in control now?

[philipma1957]

well 120 to 72 to 85 and oz in about 24 hours

and we will have to wait until Sunday night EST time for the Asia markets to open to see if there will be a comeback.

It would be nice to see it go back over 100 an oz.

[STT]

I imagine 100 will be a struggle now.  The guy who predicted this sell and shorted it has, at least as an upside stated he thinks a rotation into crypto will occur.
   I remain bullish on the miners in the longer term pricing, so long as slv remains over 50 I feel like thats correct perspective.  

The only thing that makes me think for future interest trading this year is the apparent supply in silver is alot of contracts offered for March but it is paper and they have no actual physical to match that.  Hence we have a price moving virtually to peaks and falling but still not probably tracking the real dynamics for usage required in the many various products.
  The next big silver mine will be well over a year away till production so Ive heard, it has to be demand altering this base line momentum as more production is not immediate.

[Abiky]

Timber!

The loss of market cap in precious metals in the last couple of days has been astounding. Sure feels like somebody put pin to bubble… Is this just a correction before another move higher or are the shorts in control now?

Indeed. Seems like the surge in market prices was nothing more than hype. I knew it all from the start. Especially when Silver went up by more than 200% in less than a month. Never before in the history of precious metals, has Gold or Silver went up by such a large margin. We should expect extreme volatility in the days ahead.

At the time of this writing, Silver is worth $86 and change. Maybe $60 will be the new bottom? These are wild times, so anything's possible.

[Wind_FURY]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

 

[bangjoe]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

 

Silver seems to be enough to make history and so is gold, but today there is still movement if gold is +6 in 24 hours, maybe it is chasing $5k/ounce again, or just a bounce after a very rough decline yesterday, and the chance of another decline I see it again, while Silver is not fluctuating too much, it is still at $85.

I am very lucky to know Bitcoin because with just 4 years we can enjoy the highest prices of all time, making this journey much easier, especially as the asset is more flexible and can be secured very safely.

I don't know how it feels but I really can't imagine if bitcoin was the same as that, people would complain, scold and despair, considering 10 years is not a short time, and yes most people would run away from bitcoin.

[STT]

The last high was 3 years after a giant crash and silver is industrial, we dont have that now and solar is even further along then it was back then.   Arguably everyone should have some solar and most dont still so that market is still good for a long time.
  If there is any kind of boom in other sectors such as AI or the power required for AI and data centres and so on then it does imply some demand will occur from those providing supply to that demand in multiple industries.  Uranium is too cheap for SMT nuclear to become a thing, with a national transmission grid lacking it does highlight the local element of SMT or solar sounds ideal.   China for sure is a century behind on that, I suppose too India is lacking proper electric infrastructure and neither have oil or gas to make up the shortfall locally, hydro is big but selective.  If not solar then a ton of copper is required and several decades to put up those wires.  

  I dont know exactly but no doubt silver requires the industrial demand for its more complex story.

SLV price Im looking at is stronger sooner then I expected, if it holds or not just holds but builds above $85 then it can start recovery properly and hopefully end weekly and the Feb candle positively.  The gap in pricing to China is larger then ever apparently.

[pooya87]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment".

Has anything changed for this being the end of precious metals surge? No.

Everything is pretty much the same as before. The world continues dedollarising, at a faster pace now, and the governments and their central banks around the world are accumulating precious metals as reserve replacing dollar.
The recent drop was just a combination of correction (investors cashing out their short term profit) and market manipulation (US regime needs to pretend dollar is still strong so they "unleashed" a lot of gold on the market).

Just check the price again. Gold is $5000+ and silver is $88 and rising. And gold is 61% and silver is 137% up in 1 year according to goldprice.com.\
Bottom line is that during the transitional phase until the World Order is solidified, we will continue seeing more conflicts and the precious metals will continua soaring.

[philipma1957]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment".

Has anything changed for this being the end of precious metals surge? No.

Everything is pretty much the same as before. The world continues dedollarising, at a faster pace now, and the governments and their central banks around the world are accumulating precious metals as reserve replacing dollar.
The recent drop was just a combination of correction (investors cashing out their short term profit) and market manipulation (US regime needs to pretend dollar is still strong so they "unleashed" a lot of gold on the market).

Just check the price again. Gold is $5000+ and silver is $88 and rising. And gold is 61% and silver is 137% up in 1 year according to goldprice.com.\
Bottom line is that during the transitional phase until the World Order is solidified, we will continue seeing more conflicts and the precious metals will continua soaring.

yeah silver may well hit 150 this year and gold could do 6000

[OgNasty]

1oz of silver valued in BTC

November 6th:  0.000476 BTC
November 13th: 0.000533 BTC
November 17th: 0.000547 BTC
November 25th: 0.000594 BTC
December 18th: 0.000772 BTC
December 23rd: 0.000814 BTC
January 10th:    0.000890 BTC
January 12th:    0.000934 BTC
January 14th:    0.000961 BTC
January 29th:    0.001364 BTC
February 4th:    0.001210 BTC

Bitcoin dropping but so is silver. Is this the end of silver’s run on Bitcoin?

[Betwrong]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

 

As I said above, I believe Silver should cost 20 times cheaper than gold, but not 50 times cheaper as it is now. So, those who "bought the top", in your words, can still enjoy a 100% increase on their investment if they wait a year or two. Again, that's just my thoughts, I'm no way an expert in trading precious metals.

[Wind_FURY]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

 

As I said above, I believe Silver should cost 20 times cheaper than gold, but not 50 times cheaper as it is now. So, those who "bought the top", in your words, can still enjoy a 100% increase on their investment if they wait a year or two. Again, that's just my thoughts, I'm no way an expert in trading precious metals.

Having your own thoughts/opinions is not the problem, in fact I respect your opinion. But if someone asks you for a probability on how high, or how low, do you believe that Silver will surge another 100% from the current All Time High? It's probably low, no? Because zoom out Silver's chart, it's decades between surges to All Time Highs.

[STT]

Silver will gain another 100%, there you have my solid estimate.   Will it gain a real value return of that much I dont know but I do know nominally it will easily gain that much as dollar becomes ever easier to service the massive debt overload it has.
  There is no will currently to say otherwise, silver is useful and debt which cannot repay its value properly is not even a security its a liability but the situation is not simple with time amongst many other factors varying.

The top end for Silver to replicate the early eighties is easily past the current ATH when adjusted for losses in the dollar.  We probably should just skip the dollar altogether and just use ratios.   Gold is measured as a ratio to oil often because so much of mining costs relate to energy to establish, mine & refine then transport of course.  
  Gold to silver ratio going back decades should be possible to give a better estimate of value.   I've seen silver to property value given as a long term ratio but not since 2008 or it might have been 2011 but I'd rather go on very long term estimates like that when we consider value properly.
   If we're talking the next year or two when mines take years longer then that to setup, we are speculators and we're discussing Chicago option dynamics and all sorts that muddy the water.   Gold is going higher, I doubt silver is left too far behind except for a collapse in the economy perhaps, even then if they reduce normal mining supply of plain metals it restricts silver supply too.

[Wind_FURY]

Silver will gain another 100%, there you have my solid estimate.   Will it gain a real value return of that much I dont know but I do know nominally it will easily gain that much as dollar becomes ever easier to service the massive debt overload it has.
  There is no will currently to say otherwise, silver is useful and debt which cannot repay its value properly is not even a security its a liability but the situation is not simple with time amongst many other factors varying.

The top end for Silver to replicate the early eighties is easily past the current ATH when adjusted for losses in the dollar.  We probably should just skip the dollar altogether and just use ratios.   Gold is measured as a ratio to oil often because so much of mining costs relate to energy to establish, mine & refine then transport of course.  
  Gold to silver ratio going back decades should be possible to give a better estimate of value.   I've seen silver to property value given as a long term ratio but not since 2008 or it might have been 2011 but I'd rather go on very long term estimates like that when we consider value properly.
   If we're talking the next year or two when mines take years longer then that to setup, we are speculators and we're discussing Chicago option dynamics and all sorts that muddy the water.   Gold is going higher, I doubt silver is left too far behind except for a collapse in the economy perhaps, even then if they reduce normal mining supply of plain metals it restricts silver supply too.

?

Another 100% from the current All Time High? OR a 100% from the current price? If it's another 100% from the current All Time High which was about $125.00, then you believe it's going to surge to $250.00?

OK, I respect your forecast/prediction/opinion, BUT how high of a probability would you give it that that forecast will happen. Would that be high-confidence/more than 80% probability?

[Abiky]

As I said above, I believe Silver should cost 20 times cheaper than gold, but not 50 times cheaper as it is now. So, those who "bought the top", in your words, can still enjoy a 100% increase on their investment if they wait a year or two. Again, that's just my thoughts, I'm no way an expert in trading precious metals.

Market prices have been wild these days. Never before in my life have I seen such volatility in precious metals. Especially leading metals such as Gold and Silver. A few days ago, Silver went down to $75. Yesterday, it went down to $66 only to rise towards $78 today. It's insane. Someone's manipulating the market.

Not only precious metals are affected, but also stocks and the crypto market. Everything's bearish. Could it be a huge buying opportunity? Maybe so. Only if market prices rebound afterwards. I'd steer clear from Silver until the dust settles.

[philipma1957]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

  

As I said above, I believe Silver should cost 20 times cheaper than gold, but not 50 times cheaper as it is now. So, those who "bought the top", in your words, can still enjoy a 100% increase on their investment if they wait a year or two. Again, that's just my thoughts, I'm no way an expert in trading precious metals.

Having your own thoughts/opinions is not the problem, in fact I respect your opinion. But if someone asks you for a probability on how high, or how low, do you believe that Silver will surge another 100% from the current All Time High? It's probably low, no? Because zoom out Silver's chart, it's decades between surges to All Time Highs.

world has changed a lot.


i would think we get another big rise in well under 10 years.

for solar panels and more.

everything is not bearish the dow jones topped 50k today.

[Wind_FURY]

If that was the end of Silver's surge, the people who bought the top - and there are always people who buy the top, they will perhaps possibly wait for at least a decade before they could breakeven in their "investment". We're very lucky Bitcoin has followed a predictable Four-Year-Cycle - So far.

I believe BitcoinTalk will be full of people with a bad mood if Bitcoin's cycles start to move like Silver. To wait at least TEN YEARS for another surge to an All Time High.

  

As I said above, I believe Silver should cost 20 times cheaper than gold, but not 50 times cheaper as it is now. So, those who "bought the top", in your words, can still enjoy a 100% increase on their investment if they wait a year or two. Again, that's just my thoughts, I'm no way an expert in trading precious metals.

Having your own thoughts/opinions is not the problem, in fact I respect your opinion. But if someone asks you for a probability on how high, or how low, do you believe that Silver will surge another 100% from the current All Time High? It's probably low, no? Because zoom out Silver's chart, it's decades between surges to All Time Highs.

world has changed a lot.


i would think we get another big rise in well under 10 years.

for solar panels and more.

everything is not bearish the dow jones topped 50k today.

You're probably right, but how do we actually know if the current state of the Silver market is surging because of actual demand for its industrial utility or if it's merely because of market greed. Market Greed is a sort of "phenomenon" that happens in all markets of ANY kind, including Bitcoin.

[Alpen]

Silver should be priced at $225 based on current gold prices, if we follow the ancient Roman standard. However, if we apply the geodetic proportion, the price would be $160.

[EarnOnVictor]

With silver experiencing a bull run, how high do you think it will get?

Oh, My God...I just saw this since last year.

Well, you should have defined your time limit for the prediction (e.g, in 2026, 2029, etc.). Saying where it will go is asking the obvious, as silver will continue to be bought for generations. However, in 2026, Silver should hit $190 conveniently.

[devlin85]

With silver experiencing a bull run, how high do you think it will get?

When do you see the price hitting this point and when it corrects, how low do you think it will eventually settle?

I think we could get as high as $80, but will probably stop around $65. I do believe silver hits $200 before 2040.

it is very uncertain how low and high silver will go just like gold. from what people are saying it is predicted to rise to between $70 to $100 which is high for silver but just as gold it could fall below because this is all just predications and we never rally know untill the time come and the markets change. silver is a rare metal just as gold and is increasing only in value because of the demand for it globally. silver is need and wanted more now a days because of the need for more electric cars and solar panels as they both require silver in some sort of way. however if this demand go down so will the value of silver