Some analysts are forecasting as high as $5,300/ozt. - but a few are suggesting that silver could go considerably lower in price - as low as $5/ozt.. Below are their projections and rationale.
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The silver market is only 1/10th the size of the gold market so it’s prone to crisis-driven upside explosions as money floods into it during periods of high inflation and, today, the stage is set for an explosion in inflation. I expect it to kick off a crisis-driven mania into silver like what happened in 1980 and, adjusted for today’s prices, that means silver soaring above $160 a [troy] ounce.
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