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Forecast Silver Futures in 2011Or go back ten years if you like 2005 when silver traded below $5. Clearly producing huge returns that figure among the most profitable of any precious metals trading. Combine this with the fact that the vast majority of all silver has already been mined and this is quite appealing to many traders - aside from other influencing factors, like its industrial applications and utility value (which strongly relates it with the economy). It's not surprising thus that there are reasons mounting for forecasts and predictions on what it will peak at. We therefore only thought it made sense, to ask you the trader, about where you think silver will reach its ascent. Take our Silver surveyUsually, since futures contract prices of silver are strongly related with spot, and even though a number of other factors affect trading prices, we will assume that the price predicted correlates as an indicator affecting delivery months at that time, since they are related with such closeness. So, we are concerned with the greatest futures trading price(s).We will assume trading will end on the third to final business day of the maturing delivery month, as it does in due course. Please check back as results to be tallied and published on an ongoing basis during year 2011. note: comments listed independent of peak prices/month-years. |
