Will silver spot go below £10 before xmas ?

[pyperb]

Will silver spot go below £10 before xmas ? last time I think was 2015....thoughts?

[RoughDog]

If it does would you be able to buy it any cheaper?

[richatthecroft]

I guess if so, we will wallow in the larger premiums charged.

[sixgun]

i only think in USD for prices but from memory the best i have bought for in recent years is £12 something from STG. i cannot see it going below £10 ever.

[greendragon]

just watching the price closely over the last two weeks, the price fell steeply ,then rose slightly but the price at the bullion dealers didnt change.

same with gold.

i think chards had an Australian sovereign at £222 despite gold price falling and rising

guess there is only so low a price will go   

[Foolssilver]

My instinct is no ..... but then again my instinct may not be worth very much 

[StackemHigh]

Nah don't think so. If it does then premiums will rise and physical Toz will cost the same.

[Lowlow]

Dare to dream!

I think it depends on what the equity markets do .. if they tank, yes,  if not, no.

[pyperb]

so if it did go under £10 spot we would still be paying much the same price at the dealers as we are now, that is not good, it should be passed on to the consumer

[Lowlow]

1 hour ago, pyperb said:

so if it did go under £10 spot we would still be paying much the same price at the dealers as we are now, that is not good, it should be passed on to the consumer

For a while.  When the price drops the premium goes up ... for a while.  Later it comes down.

[Attilio]

8 hours ago, pyperb said:

Will silver spot go below £10 before xmas ? last time I think was 2015....thoughts?

I don't think the price will drop to that level  before xmas,however I think that precious metals will be price  trending down.I base this on the Fed will continue to increase interest rates.The Dollar will continue to be strong in relative terms against the other fiat rubbish.President Donald Trump will be elected for a second term.

The stock market and property bubble will continue

The US economy will appear to be strong, people will feel safe and believe that everything is hunky dory.

Precious metals will fall of the radar,forgotten and unloved.

So I am hoping for a sub £10 per oz silver,over the next 3 years as this will allow me to keep buying silver even more cheaply.

 I  highly recommend 

on YouTube     Gregory Mannarino  and  Illuminati Silver

                          

[Lowlow]

5 hours ago, Attilio said:

Precious metals will fall of the radar,forgotten and unloved.

That would be amazing, we can only hope.

Sub-10$us/oz gold silver, I'd love to see that again in my lifetime but I doubt that is going to happen, they've simply printed too much money, but I could see sub-10£uk easily.  The markets will decide.

[jcdenton]

5 hours ago, Lowlow said:

Sub-10$us/oz gold, I'd love to see that again in my lifetime

Now *that* would be something!

[Lowlow]

Just now, jcdenton said:

Now *that* would be something!

LOL thanks for the edit lol ...

[CorvusCorax]

Can it be allowed to fall below cost of production?

[vand]

Probably won't see £10. 

Wouldn't surprise me if we've just seen the bottom, when you pointless questions asking "how low?" then its a fair bet that the unwashed masses are looking in the wrong direction.

[Attilio]

31 minutes ago, vand said:

Probably won't see £10. 

Wouldn't surprise me if we've just seen the bottom, when you pointless questions asking "how low?" then its a fair bet that the unwashed masses are looking in the wrong direction.

The unwashed masses, don't invest in Precious Metals.And the OP question was not pointless.I don't think disrespecting new members who are probably new to investing in PMs. Is going to make them feel welcome on the Silver Forum. 

[Silvergirl]

I think you’d be silly to say no it can’t after the way it has performed over the last 5 years.

Airy fairy, volatile crypto’s backed by thin air seem more popular than old school metals just now

[pyperb]

8 hours ago, Attilio said:

I don't think the price will drop to that level  before xmas,however I think that precious metals will be price  trending down.I base this on the Fed will continue to increase interest rates.The Dollar will continue to be strong in relative terms against the other fiat rubbish.President Donald Trump will be elected for a second term.

The stock market and property bubble will continue

The US economy will appear to be strong, people will feel safe and believe that everything is hunky dory.

Precious metals will fall of the radar,forgotten and unloved.

So I am hoping for a sub £10 per oz silver,over the next 3 years as this will allow me to keep buying silver even more cheaply.

 I  highly recommend 

on YouTube     Gregory Mannarino  and  Illuminati Silver

                          

just subbed your recommendations , thanks, will surely get me some knowledge in silver investment.....much appreciated

[bluemoon]

The GBP has a long way up before it gets back to it's historically normal levels of $1.60~ish per Pound. So yes I'd say it is possible to go below £10. But I'm not sure silver itself can go down much more in normal terms.

[HawkHybrid]

2 hours ago, CorvusCorax said:

Can it be allowed to fall below cost of production?

 

yes, but only for short periods of time.

(companies don't immediately go bust on negative price

fluctuations)

 

my guess is sub £10 won't happen.

 

HH

[CorvusCorax]

1 minute ago, HawkHybrid said:

 

yes, but only for short periods of time.

(companies don't immediately go bust on negative price

fluctuations)

 

my guess is sub £10 won't happen.

 

HH

I'm also thinking along the lines of increase in oil prices and interest rate hikes.  Both of which will have effects on the production cost of silver whether it comes from actual silver mines or mines where the silver is a by product.

 

This is why I have just suddenly taken an interest in silver.  My own thought is that (or hope) it can't realistically get ant lower.

[HawkHybrid]

fed rate hikes does not mean lower pm prices.

for silver prices the focus should be on demand.

having a floor does not mean the price will rise.

if the price rose it does not mean you'll make a

profit.

 

HH

[vand]

5 hours ago, Attilio said:

The unwashed masses, don't invest in Precious Metals.And the OP question was not pointless.I don't think disrespecting new members who are probably new to investing in PMs. Is going to make them feel welcome on the Silver Forum. 

 

£10 could easily happen. But it could just as easily not happen.

No one has a crystal ball, but if you are agonising whether to pull the trigger to buy now or wait for a price that might never come then you are asking the wrong question.

[Silverhunter]

Chance before Christmas. Very low I think. If I had the cash I'd be piling on platinum at the min. Price dropped because of cat converters I'm guessing and future less demand but that is the interesting p m at the min for me.