What is the future of Silver and why?

Question

I am wondering if anyone has an Idea of what Silver's next moves will be. ( The precious metal )

Answer 1

I disagree with the "no big shakes" comment. Silver has acted like a bouncing ball lately. If you can catch a downswing like the beginning of this month then I suggest buy. Be careful; it's very shaky. I also disagree with the comment about digital photography taking over. True, silver is used in film and digital photos have taken over. However, this is not new news. Digital cameras took over 3 or 4 years ago. Look at silver prices over the last year. I don't think buying digital cameras has slowed silver's price gain.

Answer 2

It relies on the time interval. In the long term silver costs will cross up vastly as will the rate of gold. In the fast time period costs would possibly come down somewhat as there was a robust rally ago months. Since 2002 silver has already risen from round $four.five to $18.five in these days. On the opposite hand, in 1983 silver used to be valued at $sixteen. The principal explanations for emerging costs in the end are the next: - falling USD because of funds deficits and mounting debt - confined give and developing call for Contrary to gold, silver is generally utilized in construction of more than a few items. The fiscal development in rising markets factors many commodities to be in call for. Silver, as gold, additionally has importance in a economic experience in retaining the importance of cash.

Answer 3

Silver will continue to be an element unless it meets a nice metal it can take home to meet its folks in which case it might get married and become an alloy.

Answer 4

Silver is expensive because it is a component of photographic film. Digital photography is making film obsolete, so silver will come down in price.

Answer 5

Commodity prices are notoriously unpredictable. You might as well gamble on a roulette wheel.

Answer 6

no big shakes there