E Silver Forecast (October Update): 21 Analysts Now See Major Move In Price Coming

Many analysts are forecasting silver going as high as $1,200 over the next decade but a few are suggesting that silver could go as low as $5 if we experience a long-lasting major recession or a depression along the way. Below are their projections and rationale. (All prices are in USD per troy ounce.)

1. Goldrunner: "My fractal analysis chart work on Silver clearly points to Silver going up to $800 to $1,200 a bit later than 2025."

2. Keith Neumeyer: “Silver is an extremely critical metal - a strategic metal - and the investment community will figure it out eventually” and, when they do, he believes silver could reach the $130 level and, if gold were to hit $10,000, he could see silver at $1,000. Source

3. Hubert Moolman: “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…

4. Egon von Greyerz: "If we assume $10,000 for gold and a gold:silver ratio decline to the historical average of 15, we would see a silver price of $666...If we look at silver adjusted for real inflation based on ShadowStatistics, the $50 high in 1980 would equal to $950 today so silver at between $600 and $1,000 is not an unrealistic target." Source

5. 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 that silver prices could rally toward $200 – $300. 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…

6. David Smith: “[If my forecast of $10,000 gold is realized, as I think it will then] you could see $166 silver, and if...[the gold:silver ratio] drops down to 40:1, which is not out of the question, [you could easily see] $250 silver." Source

1 2 3
View single page >> |

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.