Thursday , 28 March 2024

Silver Going to $100/ozt – Even More – By 2020? These Analysts Think So (+2K Views)

While a large number of pundits have forecast the futureforecasting crystal ball price of silver few have provided a specific date as to when their projections would most likely be achieved. This article provides that information along with the criteria & rationale for their determinations.

The information below, compiled by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), consists of edited excerpts from a host of articles containing additional and updated forecasts by various pundits. (The forecasts of most of the big banks have been excluded as they are all extremely pessimistic in their efforts to suppress silver’s price and reap financial benefit in doing so.)

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To access the original article in which the price/date predictions below were made please do a Google search of the quote provided in italics or click on the hyperlinks.

  1. Jason Hommel: $500; To over $500/oz. by 2020...
  2. Jeff Nielson: $400+; The first digit of the (three-digit) price for silver will be closer to a “9” than a “1” – most likely by 2020.
  3. James Turk and John Rubino: $400;  If the gold:silver ratio reverts to the norm of 20:1 as I think it will, silver will reach $400 by 2015.
  4. GE Christenson: $250; Past bubbles have had an ending price 4 – 8 times higher than the phase 2 beginning price and, if we assume that phase 1 for silver was a move from $4 to $50 and that represents 19% of the total move, the high for silver could be around $250 by 2017. The ratio of phase 2 ending price to beginning price would be 5:1 – reasonable.
  5. Rob McEwen: $200; Silver is headed to $200 in the next 4 years [1.e. by 2016]
  6. Ian Williams: $165; Silver prices are set to embark on “a sustained bull market” that will see prices rocket…to $165/oz by the end of October 2015.
  7. Ron Rosen: $148+; I expect the silver price to be over $148 sometime in early 2016. It’s as clear to me as the sun rising and setting.
  8. Larry Edelson: $125+; Silver will  likely fetch better than $125ozt. a few years from now [i.e. by 2017].
  9. George Maniere: $125; By 2015 silver will be $125 a [troy] ounce.
  10. Jason Hamlin: $100; We are looking at a minimum price target of $100 for silver…[by] around the start of 2017.
  11. Dr. Doolittle: $66 – $215; Based on Fed continuing to increase its Monetary Base and Money Supply by a CAGR yield of 17.1% silver will rise to $66 per troy ounce by 2018 or possibly even to $215 per troy ounce should the gold/silver ratio reach 17:1 as it was at its peak in January, 1980).

Conclusion

There you have it. Now you know the best guess of analysts who are on record as to how high – and how soon – silver is expected to go before the bubble bursts. Such information should prove invaluable in determining your investment approach, choices and time horizon.

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