$15 Silver Price Forecast by end of 1st Quarter 2007

[GoldNugget]

Here is an interesting article that predicts the bottom in the silver price has just occured and that the silver price will never return to $12 again. The article also forecasts the silver price will reach $15 by the end of the first quater in 2007. Source: Silver Close To A Bottom by Timothy Silvers

In general for 2007, I am anticipating that silver and gold will be strong in the first part of the year, as in 2006. I think we'll close the first quarter over $15 but beyond that I don't have any specific price targets as there are a lot of variables that could affect the prices this year. Silver will likely trade sideways or bottom for the year in the summer. The last part of the year is too difficult for me to predict. We have to see if/when the housing related recession unfolds.

As always, I don't recommend trying to sell at the exact top or buy at the exact bottom. I usually dollar cost average my sales and my purchases. Please consider that whatever low we have hit or will hit in the next week or two will likely be the lowest price you will ever see again to buy silver. Don't delay getting your portfolio established with a foundation of physical silver. It should be priced at multiples of the current price and $12 per ounce silver will seem very cheap in the future.