The price of silver is very hard to predict. One thing any investor needs to know is that for gold and silver, especially silver, banks are working very hard to suppress the price. Just do some research about the GATA (Gold Anti Trust Action Committee), or JP Morgan and Deutsche Bank being investigated for manipulating the silver market. Every time silver gets around $17.50 or $18 per oz, the banks massively short the market driving the price back down. Silver should be seen as a long term investment with the potential for explosive price growth once there is an economic crisis, or the bank's manipulation ends. Once the manipulation ends, silver and gold would be free to find a true market price, which is likely many times its current value.
If I were a betting man, I would say there's only a 10% chance of that happening this year. My price prediction for January would be somewhere in the $17-$18 range - right where it is now. Again, silver and gold are long term investments, but these are my opinions, not financial advice, and you should research and make up your own mind.
Thanks for the long feedback. Realy appreciate it. Sure you are right to do Some more investigation, on the other hand I think an opinion of someone who is realy on the market and price is worth a lot. Will sure keep it in mind. Thanks!
The price of silver is very hard to predict. One thing any investor needs to know is that for gold and silver, especially silver, banks are working very hard to suppress the price. Just do some research about the GATA (Gold Anti Trust Action Committee), or JP Morgan and Deutsche Bank being investigated for manipulating the silver market. Every time silver gets around $17.50 or $18 per oz, the banks massively short the market driving the price back down. Silver should be seen as a long term investment with the potential for explosive price growth once there is an economic crisis, or the bank's manipulation ends. Once the manipulation ends, silver and gold would be free to find a true market price, which is likely many times its current value.
If I were a betting man, I would say there's only a 10% chance of that happening this year. My price prediction for January would be somewhere in the $17-$18 range - right where it is now. Again, silver and gold are long term investments, but these are my opinions, not financial advice, and you should research and make up your own mind.
Thanks for the long feedback. Realy appreciate it. Sure you are right to do Some more investigation, on the other hand I think an opinion of someone who is realy on the market and price is worth a lot. Will sure keep it in mind. Thanks!