What do you think the silver market will do?
 

Some say it is a good idea to have some sort of precious metal for preparedness/economic reasons. Gold is nice - but costly. Silver seems to be doing better than it was last year, and I have read where the price of silver will keep going up. Do you all feel it will go up or stay around where it is at? If you feel it will go up, how high do you think it will go? $20/oz., $40/oz, or more? Just curious what everyone thinks.

Silver will keep going up due to the weak devaluation inflationist dollar policy of the Federal Reserve and the US Government they own. All commodities will go up in value, demoninated in USD. You cannot go wrong, long term, holding value asset metals such as Silver.

with the decline of phototography, mainly in medical imaging due to digital technology silver is not in demand as it once was. imaging was at least 50% of the use for the metal, with out it the demand is lessened and the price has stagnated due to lower demand.

That is interesting to hold some Precious metals for curency if SHTF. Had not thought about that.

ptannjr - the silver eagles and the silver maple leafs seem to be popular. Not only from a collectable standpoint - but also from the purity of the silver in them.

Silver has many industrial uses far beyond photography, e.g. electrical connections, brazing, batteries, jewelry, silverware, catalysts...

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There's increasing competition for most all commodities/resources. I would like to invest in more than just lead & copper..:wink:

Mike -- I use one of the financial adviser firms and several years back they laughed at me for "investing" in ammo and Krugerrands.

Had a meeting Wed of last week and watched them eat their words. Only problem was it was my money they were only getting 2.8% return on!!

I know they're over $600 for a one oz coin but it's the standard of the world. If everything else goes; that will remain.

True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz.
I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.

Recession comming in 2007, should slacken demand for commodities a bit if you didn't get in before.