So how high's silver gonna go?

[DocsMachine]

Buddy of mine has something like 100 ounces- I believe physical metal? This isn't a paper-commodity thing, right?- and has been going on about the current spike in prices. I know it's all chicken-bone prognostication bordering on a newspaper horoscope column, but it got me curious. I think it has a lot to do with the political turmoil, my buddy thinks it's people getting out of 'cyber' currencies and back into hard investments. Me, I dunno. Last time I bought silver, I picked up a dollar's worth of silver dimes that a local grocery store cashier had taken in when some customer cashed in a roll- which was probably stolen.

Anyway, how high does the army of MCB Financial Experts think silver's gonna go?

Doc.

[scottieb]

It's always hard to say. I purchased five figures of silver when it last dipped below $11 and am getting ready to sell most of it. It'll be just about two years then to nearly triple the invested money.

It peaked yesterday at over $29. I'm no expert but my opinion is that it's as high as it will go for now. Maybe it'll jump a little more, but it's my gut feeling that something else would need to happen in order for it to keep climbing into and through the $30s.

[Falcon16]

Precious metals are going up. Gold is predicted to peak at $4000 an oz this year. Silver I doubt it'll go much higher than it already has. when the price bottoms out I may invest some money in silver bars and sit on them until the prices go stupid again and then I'll dump all of it.

[maggot]

I think it reaches the same $40/$50 an ounce it did in the last recession. Not sure when that will be though.

Scottie, do you mind sharing where you sell? I need to avoid Ebay/Paypal when I'm ready to let go of mine.

[desertT1]

I get silver the hard way. When somebody puts a pre-1965 quarter in one of my pinball machines.

They make a different sound when you scoop them out and count during collection time. I’m up to 5. I think they are cool.

[BrickHaus]

I used to get them when working the register at the gas station. Got a lot of cool coins and bills there.

[Killerito]

One of the guys empty the arcade at a time share tried to show me that when I was like 7. I couldn’t hear the difference. He sat there with a roll of his own quarters to swap them out with when he found them.

[sniper97]

My guess is both gold and silver have peaked or close to it. Vaccines are out, covid is rapidly spreading now. The Spanish flu lasted 18 to 24 mo. We are at least 1 yr into Covid. Maybe 15 months. I do expect the dollar to slide a little, but most of the fear will be gone.

[flyweightnate]

For me, the appeal to silver is that it's a TANGIBLE valuable. Stock valuations are insane, to the point where it's gambling on future valuations, not buying portions of companies.

That said, I know so little about the metals markets, I stay out of them. But, with valuations crazy, and MMT as the prevailing global fiscal theory, I'm concerned about inflationary episodes ruining my retirement funds... I'm considering a hedge sooner or later.

[Axel]

If metals were such a great investment there wouldn't be nearly so many companies trying to sell them off as one

.02 (fiat money)

[Siress]

We have a little data on this topic...


I'll uh... I'll take the stocks.

[Brokeass_baller]

How high is silver going to go? I think what you actually mean is, how low will the dollar go?

[Chuck E Ducky]

But it’s so stimulating.