silver price by 2020

[Pac100]

What do you think the sliver price will be in 2 years £15:80-£16:40

[Stu]

£8.31

[JunkBond]

20 minutes ago, Stu said:

£8.31

I like a man who is a stickler for accuracy.

[HawkHybrid]

I'm guessing $21-24.

 

HH

[silverking1]

The more i buy the lower it go's, but i would think about £22.50p

[buckeyecoins]

36 minutes ago, silverking1 said:

The more i buy the lower it go's, but i would think about £22.50p

Glad I'm not the only one.  Seems nothing I buy ever goes up in value (not even my house!).

[Xander]

1 hour ago, Stu said:

£8.31

As much as that?

[onlyroadtoheaven]

Seeing as people are using various currencies here I will say 1000 bitcoins ($29).

[HawkHybrid]

I don't see how guessing in the dominant currency that

silver is traded in as using various currencies.

 

HH

[onlyroadtoheaven]

4 minutes ago, HawkHybrid said:

I don't see how guessing in the dominant currency that

silver is traded in as using various currencies.

 

HH

2 currencies were posted by members. I needed to mention it for the joke to work. I will work on my comedy style. 

[Scuzzle]

I'll go for £12.83, I don't think it will ever go up unless the banks rigging it go down.  I'm glad I'm not the only one who never has any luck with appreciating assets.  When I look at all the toys I had as a kid that are now retro classics and worth hundreds some thousands and I either gave them away or chucked them in the bin and the only thing I have thats brand new in the box and totally mint is a 70's Rolf Harris Sylophone and ever since his kiddy fiddling was exposed they are worth nothing.

[Pac100]

5 minutes ago, Scuzzle said:

I'll go for £12.83, I don't think it will ever go up unless the banks rigging it go down.  I'm glad I'm not the only one who never has any luck with appreciating assets.  When I look at all the toys I had as a kid that are now retro classics and worth hundreds some thousands and I either gave them away or chucked them in the bin and the only thing I have thats brand new in the box and totally mint is a 70's Rolf Harris Sylophone and ever since his kiddy fiddling was exposed they are worth nothing.

Hahaha rolf Harris I think we'll get back to £15 at least  (well hears hoping )

[Niels87]

16$

[Ryland]

I don’t know how strong the pound will be for you guys in the UK.  I have less knowledge of how Brexit will effect your currency up or down, for that reason I’m only going to guess in dollars.  I have an extremely negative outlook on the worlds financial system especially the US.  I think at some point before 2020 the national debt will start to matter either because we will be forced to raise interest rates making our cost to service the debt too high or we will be back into recession and negative rates because of some financial disaster again.  My guess is $50 2020

[Shinus73]

In 2010, I was promised by many an internet guru that the price of silver in 10 years time would be comfortably in 3 figures, so we’ve got a cracking couple of years to look forward to!

[vand]

2020 is a long time away. It could easily be anywhere between £5 - £50 and neither would really surprise me.

[breaktwister]

At £5 every mine in the world would shut down.  No supply means the price would shoot up dramatically.  My guess is that the absolute floor on the price is around $12.  It simply cannot go below that or the supply will start drying up as mines scale back and even shut.  So basically, we have very little downside and huge upside.  Buying as much as I can on this recent dip.

[Shinus73]

6 minutes ago, breaktwister said:

At £5 every mine in the world would shut down.  No supply means the price would shoot up dramatically.  My guess is that the absolute floor on the price is around $12.  It simply cannot go below that or the supply will start drying up as mines scale back and even shut.  So basically, we have very little downside and huge upside.  Buying as much as I can on this recent dip.

Most silver comes from mines which aren’t primary silver mines, therefore £5 is entirely plausible, just as it was 15 years ago.

[breaktwister]

Costs have doubled in the last 15 years so the floor would be £10 or $12

[Shinus73]

7 minutes ago, breaktwister said:

Costs have doubled in the last 15 years so the floor would be £10 or $12

We may find out shortly...

[breaktwister]

yes...with truck ready to be backed up!

[Moi]

My Crystal balls say around £18.50

[KDave]

Supply increased last year, speculative element suppressed due to alternative in crypto, industrial demand falling across the board except solar panel tech. Where is the bullish case. Taking this alone, lower up till 2020. 

The currencies. Dollar - higher or lower? Sterling - higher or lower? This matters more I think. 

[Thelonerangershorse]

Definitely £23, or maybe £8, it's hard to tell, ask again this time next year and I'll have a better idea.

[AgD]

Well I don't mind it dropping to £6/£8 That would keep me buying a fair bit for the kids to have when I'm pushing up daisys lol