Below is an article written by Lorimer Wilson of munKNEE.com. munKNEE.com is a new affiliate of eResearch.com.
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A great deal has been written about the supposed impending surge in the price of silver while a few other analysts have taken the exact opposite point of view maintaining that silver is going considerably lower in price per troy ounce. What will it be – $7/oz or +$700/oz ? Below are highlights from articles written over the past few months outlining the rationale for such divergent views.
By Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!
According to Kelsey Williams: “Silver, primarily an industrial commodity, is going to come under extreme pressure because of the slowdown in economic activity [as a result of the COVID-19 pandemic and is likely] headed straight for familiar territory below $10 per ounce, where it could stay for several years… Indeed, it might [even] go below $5 per [troy] ounce, though, and last for decades if the economy were to enter a depression (not recession).” Continue reading...
Gold Bug says: “The economy of China is slowing and U.S. GDP growth figures are constantly being revised downward and this does not bode well for silver, because demand for commodities depends on economic growth and if growth falters silver could fall to as low as $7/oz., a level we would have previously found unimaginable.” Continue reading…
Kelsey Williams: “Silver is primarily an industrial metal, and industrial production slows during recessions. Indeed, every recession (a total of 7) in the past fifty years has seen declines in the price of silver varying from 20% to as much as 70% and in 5 of the 7 previous recessions, silver’s price continued to decline after the recession had ended.” Continue reading…
Jeff Clark says: “Gold and silver can crash in sudden market shocks but those shocks… eventually result in much higher prices. In other words, once the initial shock wears off and forced margin sales ease up, investors rush into gold and silver and push up their prices…This occurs during periods of both inflation and deflation although gold and silver both tend to do better in inflation.” Continue reading…
According to Simon Black: “The price of gold has gone up significantly…since the start of this crisis but the price of silver has declined leading to the current record-high gold/silver ratio…The ratio may stay elevated for a while, or even go higher but, [if history is any guide] the ratio has always returned to more traditional levels, always, even when the world was facing Adolf Hitler or the Great Depression, so it stands to reason that, if they keep printing money…and the [gold/silver] ratio eventually returns to its historical range, the price of silver could really skyrocket…” Continue reading…
Jordan Roy-Byrne: “We find $20 on a monthly closing basis to be the most significant resistance for silver and a monthly close above $20 (the 2016 high) could kick start a good run for silver. Silver has often rebounded nearly 100% within 12-15 months after bad and long bear markets and, since silver follows gold, a breakout in gold could be a huge catalyst for silver to test and break resistance at $20/ozt. If that happens, silver would be on its way to another, typical substantial rebound. It has happened before and we expect it will happen again.” Continue reading…
Jeff Clark: “In the throes of a stock market crash, a decline in the silver price is historically normal behavior, even though it’s usually less than the S&P 500. In addition, silver usually falls in recessions (it has fallen in 5 of the last 7 recessions). However, based on the massive amount of currency abuse underway and the inflation that is likely to result, we can expect a dramatic rise in the price of silver as history has shown that the biggest rises in silver prices have occurred during inflationary environments.” Continue reading…
Nick Giambruno says: “Once the dollar starts to lose its value in earnest…people will panic into precious metals just like they did in the ’70s and ’80s, but likely on a much bigger scale today and much of that money will make its way into the tiny silver market (roughly 1/10th the size of the gold market). This will cause the price to spike above $160 a troy ounce. It’s a predictable pattern. Bottom line, the stars are aligned for a silver price spike for the record books and now is the perfect time to get in.” Continue reading…
Gary Christenson: “Silver prices for the next decade are dependent upon many unknowns but a ‘more of the same’ financial world suggests silver prices will rise toward $100 in the next 5 – 7 years. A more aggressive chart interpretation shows prices for silver rallying toward $200 – $300 per troy ounce. Indeed, if the powers-that-be create or can’t stop hyper-inflation of the dollar, $500 silver will look inexpensive by the end of the…decade.” Continue reading…
Chris Vermeulen: “We believe silver will soon see a price high near $22.50 to $24.00…after which it will immediately move up to well above $85 per [troy] ounce. Ultimately, we estimate it will likely top somewhere between $90 and $550.” Continue reading…
According to Lorimer Wilson: “Every time the gold:silver ratio has reached a level of around 82, it has led to major rallies in the silver market. For example, in mid-2003 the gold:silver ratio peaked at 82:1 and over the next 5 years, silver went up 320%; at the end of 2008 the gold:silver ratio again peaked above 82:1 and, over the next 2 years, silver went up 453% and in early 2016 the gold:silver ratio again topped 82:1 and, over the next year, silver went up 52%.” Today the gold:silver ratio is 110:1 so we can expect a major rally in the price of silver.] Continue reading…
Lorimer Wilson says: “This fiat currency experiment will end badly in a currency crisis and when that happens, as it surely will, gold will go parabolic and silver along with it – but even more so – as the gold:silver ratio adjusts itself to more historical correlations.” Continue reading…
Gary Christenson: “Check out my model. Its correlation since 1971 is 0.91 with an R-Squared value of 0.83. The model, depending on assumptions for debt increases, crude oil prices and the S&P 500, suggests a fair value for silver of $40/ozt. to $60/ozt. in 5 years. A spike much higher, perhaps to $100, is not unlikely.” Continue reading…
Hubert Moolman says: “The 70s pattern is very similar to the pattern that currently exists. Therefore, I do not think it is wishful thinking that silver will reach the target of $675 as a minimum.” Continue reading…
- My Prediction For Silver 5 Years Out Is $100-$150
Mike Maloney says: “Investment demand is the biggest differentiator when it comes to determining where the silver price might be headed and investment demand for silver bullion has risen sharply…[and with] the silver market being so tiny it doesn’t take much investment to have an out-sized impact on its price. Silver is dramatically undervalued and represents a very compelling investment opportunity. My prediction for silver 5 years out is $100-$200.” Source
- The Price Of Silver Could Hit US$130/ozt.
Keith Neumeyer has maintained many times over the years saying that “Silver is an extremely critical metal, it’s a strategic metal, and the investment community will figure it out eventually” and, as such, he believes the white metal could reach the US$130 level and that if gold were to hit $10,000 he could see silver at $1,000. Source
- Silver Price Forecast: $169 by 2025
Jason Hamlin: “The silver bull has awakened and when silver finally breaks out, the move tends to be very explosive! I think we could see silver climb to $169…by the end of 2025″. Source
- Our 5 Year Silver Forecast Is $70-$95/ozt.
Gov Capital: “Based on our custom algorithm we predict that silver will range between $70 and $95 in 5 years time.” Source
- Upside For Silver Is Fantastic – Here’s Why
Dumb Money: “History does serve as a guide for what’s normal and, based on the simple historical average, the price of silver should be about $62 per troy ounce.
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To view the original article, please visit: https://www.munKNEE.com/is-silver-going-down-to-7-or-up-to-700-18-different-points-of-view/
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