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Silver To Gain 29% In 2013 - Analysts, Traders And Investors
From GoldCore
Silver To Gain 29% In 2013 - Analysts, Traders And Investors
Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce.
Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.

Cross Currency Table
Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.
GOLD SPOT $/OZ and 100, 200 and 465 Day SMAs– September 2011 To Today
Prices again crept gradually higher in Asian trading prior to some retrenchment in early European trading but dollar weakness was supporting gold and silver.
Further weakness could be seen and it is worth noting that gold and silver saw considerable weakness last December (see chart above) and both bottomed near year end on December 29th prior to strong gains in January 2012.
Support for silver is at $30.67/oz and $30/oz. Gold’s support is at $1,647/oz and below that at $1,600/oz.
Silver will rise as much as 29% to $40.25/oz, from $31.10/oz today, in 2013.
This is based on the median estimate of 49 analysts, traders and investors compiled by Bloomberg.
Global investment through silver backed exchange traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion.
Bullion dealers all over the world report robust demand for silver and there has been a shift in many Asian and Middle Eastern markets from gold to silver - due to silver's relative cheapness and undervaluation versus gold.
According to Bloomberg, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand for silver that drove holdings to a record.
Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also leading to diversification into silver by some who believe that economic growth will strengthen industrial demand for silver, 53% of which is used in everything from televisions to batteries.
Silver advanced 12% to $31.13 this year, compared with a 6.6% gain for gold and 14% rise for platinum. The Standard & Poor’s GSCI Index of 24 commodities dropped 0.3 percent and the MSCI All-Country World Index of equities jumped 14%. Treasuries returned 1.8%, according to Bloomberg.
Hedge funds and other large speculators increased bets on higher prices 12-fold since the end of June, to a net 34,862 futures and options, U.S. Commodity Futures Trading Commission data show. That’s about 50% higher than the average over the past five years, a period during which traders have never been bearish.
Equity investors also believe higher prices are coming.
Shares of Mexico City-based Fresnillo Plc (FRES), the largest primary silver producer, rose 25% this year. The company will report a 22 percent gain in net income to a record $927.1 million in 2013, according to the mean of seven estimates compiled by Bloomberg. Coeur d’Alene Mines Corp. (CDE) in Idaho, which gets about 65 percent of its revenue from silver, fell 6.3 percent to $22.63 since the start of January and will reach $31.89 in 12 months, the average of analysts’ predictions shows.
Investors bought 1,464 tons through ETPs this year, data compiled by Bloomberg show.
Silver holdings in the IShares Silver Trust, the biggest exchange-traded fund backed by silver, were unchanged at 9,871.29 metric tons as of Dec. 19, according to figures on the company’s website.

Total Known ETF Holdings of Silver
Prices could go lower should economic growth slow because it would curb demand for consumer goods. A car contains as much as 30 grams and a mobile phone about 0.25 gram, according to the Washington-based Silver Institute.
However, investment and store of value demand for silver looks set to continue to grow at a steady rate in 2013 and this should compensate for any decline in silver industrial demand as it has done in recent years.
The silver market remains a very small market and this continuing global investment and store of value demand should lead to silver reaching a real record high, inflation adjusted, of over $140/oz in the coming years.
Silver Vaults Stuffed Mean Prices Rising 29% in ’13 - BusinessWeek
Brazil's Gold Reserves Doubled Since August - IMF - WSJ
Gold inches up, uncertainty over U.S. fiscal talks weighs - Reuters
Gold Prices Slip in Quiet Trade; Fiscal Cliff in Focus - WSJ
Asia gold: Physical buying picks up; year-end supply a concern - The Economic Times
Gold Loans Hide India Shadow-Banking Risks - BusinessWeek
Is gold's bull-run over after 12 years of gains? - Reuters
Is gold finally a contrarian buy? - MarketWatch
Gold Will Top $2,000 in 2013: Kilburg - Yahoo
What Can 1 Ounce Of Gold Buy? - CCmmodity HQ
Fake tan in attempt to make US economy look more healthy than it is - Zero Hedge
For breaking news and commentary on financial markets and gold, follow us on Twitter.
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I'm all in!
This prognostication is missing a zero.
JPM is gonna have to pump out EBT's like they're water.
Nice analysis, but I've heard it all before. I'll believe it when I see it.
We took the horse to the water and showed him......but he still wasn't buying it.
shameless pumping to create a 2013 crop of silverbugz bagholders to blowtorch and harvest.
I remember when silver was going to "$50 by next week" and "39 by the end of this week" and buybuybuy with both fists and don't ask questions JUST BUY SILVER NOW. With cartoon bears and all of that shit.
Anybody who followed that advice lost massive stacks.
Cat follows the market for a couple years and suddenly thinks he's Jim Cramer.
Catz will ovretake teh marketz uzing CFT lolgorithmik traedng
The only time I ever lost any of my stacks was in that terrible boating accident.
I love the sound silver coins make when they hit eachother. I can recognize it with my eyes closed.
yeah, I pretty much figured silverbugz drooled at that sound.
I prefer looking at a net worth statement that keeps going UP instead of down.
Silver is an INDUSTRIAL METAL.
Trav,
I am not a silverbug, I look at it as part of my portfolio, like supplemental insurance to gold. Errr, the gold I used to have before the boating accident. Gonna trade it for gold if the ratio falls below 20:1 or use it to buy some other assets. Silver is an industrial metal, it has also been used as money for over 2500 years.
Yes it is and they use a lot of it
hi ho silver!! away!
I don't need much reason to buy, between this modest prediction and the recent pullback, sure, I'll buy more! ;)
you would buy a lump of dung if there were a "prognosticator" on ZH telling you to.
Silverbugz are the epitome of "dumb money"
By your standards ~ Mr. T. would be wearing big silver chains around his neck & picking it in fields for $5...
Are these estimates from the same people calling for AAPL to hit 1000?
My thoughts exactly.
Yes but first down 60% in 2012
That's why you should have started in 2002. Didn't you see the CNBC special?
dont have it in my cable plan
You should upgrade......you'll get the home phone, internet and HBO all for one low price.
Act now and they'll throw in a 1965 silver colored dime.
mentaly, ten years ago i wasn't born-hehe.
learning to fly...
oh, yea shook a little dust out of my coon shin hat...
A really good sale often shows itself around the X-mas holiday and after New Years....
When the weak hands and under-informed that were "gifted" their silver turn it back into the LCS for paper clown-bux
Please explain inflation adjusted 140 US$. What would be the real numbers?
Silver is the most manipulated of commodities. Yet people are making predictions?
All the silver bullion in the world is worth about $31.1 billion (a billion ounces) and that makes it easy to manipulate. With the Fed having already printed $2.5 trillion and on track to print $3.06 trillion over the next 3 years, silver should be skyrocketing.
Silver will do what the Fed wants it to do.
+1
All the silver bullion in the world is worth about $31.1 billion
No guessing allowed.....show us your math and conversion tables.
http://www.usdebtclock.org/gold-precious-metals.html
I am not sure how accurate this is, but 16 billion is much more than 1 billion. How much of the 16 billion is investment grade? How much of the 16 billion has more than one claim? I am pretty sure te silver market is bigger than 31.1 billion dollars. Adding the .1 to 31 implies a greater level of accuracy than even possible. Adding the 1 after 3 also implies a level of accuracy greater than possible.
Wait for Goddam Sucks to put out a sell recommendation.
Way wrong there fideo, just the US silver coin minted alone is worth $66 billion. Not to mention the silver bars, coins and not to mention all the other country's with past silver production. You are so far off I think have more than that sittin in my back yard you imbicile.
http://about.ag/data/csv/CoinMintagesByDecade.htm
Just do the math before jamming your foot in your butt.
Here are some facts. Some estimate available (above-ground) silver at only 300 million ounces. It takes Sprott months to buy 10 million ounces for his fund:
"Many of these statistics are estimates, but the world is currently consuming through industrial products and processes around 800 million ounces of silver annually. However, annual world silver production is approximately 500 million ounces and annual recycling efforts provide another 150 million ounces, leaving a 150 million ounce deficit that must come from existing inventories. This deficit is not new, but has continued now for the last 10 years, proving that in this very short period, 1.5 Billion ounces of silver have been totally consumed. Compare this cumulative deficit and annual shortfall with the known remaining silver inventories above-ground of 300 million ounces, and what do you have?!! A precious metal that is destined for short-supply, unless the very unlikely event occurs where annual consumption and production both decline by over 50%. Unlikely indeed, since current forecasts call for 1 Billion ounces of silver to be consumed annually by the end of the decade, even with bouts of global recession.
On the gold side of the ledger, there is approximately 3,000 Million ounces (a.k.a. 3 Billion ounces) known to exist above-ground in bullion form, so this precious metal is currently 10 times more available than silver (gold's 3,000 Million versus silver's 300 Million inventory)."
http://www.goldsilverbullion.com/SilverBullMarket.htm
people here are so often wrong and yet they junk you when you are correct and they are wrong again.
Silver will do what the Fed wants it to do.
... until some bigger players insist on physical delivery. Then the whole Comex silver business will go bust in 24 hours.
The bigger players will not get physical delivery. They will get cash instead. You are assuming free, rational markets.
You will go bust waiting for the Comex to go bust.
It depends on China when the Fed will feel the healthy effect of ball squeezing. At the moment both sides profit from artificial low prices as China is accumulating like crazy.
If you hold out for a massive physical delivery and get cash instead, you can make a huge stink out the whole situation. That alone will break the COMEX. It will be a huge mess. It is a default of the physical side of the market.
China, perhaps the biggest player, is just buying the mines & letting none go to market, gold, silver, copper, iron.
All the silver bullion in the world is worth about $31.1 billion (a billion ounces)...
I think you missed a decimal place there [/LMAO]
got bad news for you...neither the Fed nor any other CB gives a f$ck about silver.
Who cares about silver? Industrial consumers.
Until silver production peaks and declines, you don't have a particularly solid bull case in this commodity absent significant monetary inflation against flat supply. Industry is, as constantly noted on ZH, in a state of freefall...where is the demand going to come from?
Cruise missiles?
Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand that drove holdings to a record.
“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.”
Per Bloomberg:
http://www.businessweek.com/news/2012-12-19/silver-vaults-stuffed-mean-p...
I have been sweating bullets over my silver holdings these last few weeks. Blythe is really putting a hurt on my Christmas plans. I can't understand why they continue to press downwards given the above. A pox on their filthy investment houses.
“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.”
I think that sum up the feelings that many people have. That statement says it all and explanes why we stack. 2013 could be the year you are glad to have your silver box, or 2 etc stacked in the vault plus your other "items"
I'd prefer to see a pullbacK in au ag this year before getting ready for launch
You and just about everyone else.
if it breaks 30.70ish... there's a lot of room to fall further
Put all your money on IF.....it's never let me down before.
Obviously it will break 30.7: at least it will momentarily plunge through 200 day MA. Any douche like myself with a browser and flash activated can see the support levels and the stop losses triggered. Then the fun begins. Buy the family silver of some bigger douche who upgraded to an even larger flat screen TV. You can't eat silverware, but you can eat with it.
yeah smart money is SELLING, not buying right now. price has dropped like a stone from 33. well selling paper at least. good chance to buy the real deal at a steal
30.70?? Blythe will bang it through that level with ease by noon today - LOL!. I find it ironic that ALL these analyst are pinning a price consideration of 40.00 while everyone and their brother knows the Fed's objective with metals. Silver is at 60.00 right now if you subtract the daily derivative squeeze that's been happening for the last four years. These articles scare me to death - You never want to be into a trade or investment when these paid puppets collectively get to one side of the boat. THE EQUITY MARKET IS FAKE. THEREFORE, ALL MARKETS ARE MANIPULATED - AND ARE FAKE! WHY LEND CREDIBILITY TO THESE CALLS BY POSTING "IT", OR RESPONDING TO IT??!! SILVER WILL STOP FALLING WHEN THE FED BELIEVES THERE IS ENOUGH CASUALTIES IN THE TRADE...THEN, THEY WILL ALLOW A COUPLE MONTHS OF REAL PRICING AND MOVEMENT, BEFORE CRUSHING THE HOPES OF EVERYONE HOLDING OR TRADING, ONCE AGAIN. YOU CAN SET YOUR WATCH TO IT! CURRENTLY: SILVER TRADING AT 30.33, DOWN .75 CENTS...8:08 CST.
it knifed right through that as if it wasn't even there...
1400
1400
no future predictor here; but will add soon.
holding my own-hehe.
sick fucker...
All fine and well, but when will we see harsh consequences for illegal behaviour?
On that note, bernank, you will get whats coming you're way in due course.
It will pullback and is right now....TPTB cannot have it doing better than any currency...it takes all their "FAITH" away...if you know what I mean
Just slowly accumulate on a steady basis. You will be rich someday..... I promise!
been buying about 10oz a week for the past 3 years. Don't even pay attention to the swings in the price. See you on the other side
so here we are up 12 percent from 27.85
after transaction fees and shipping net 10 percent.
what is the problem???
why all the angst over recent drop?
simple metric of 350% debt (200T) to gdp with more printing to come.
buy whatever you can afford-simple!
I am with you, it seems people forget that it is still up on a yoy basis, especially MSM. I think there are many people that buy when it starts/has been going up for some time, then get crushed in a big price swing. I have no facts and figures just anecdotal stuff. The same thing happens with the stock market. Until one learns to not be bothered by price swings...
Good advise and the only reason to watch it is to be able to buy more when you are ready. Just sit on it
SLV has been empty since May of 2011 when JPM took over vaulting operations of what little silver it actually had and dumped it on the market to buy time.
correct you are sir.
WTF? More crap!
With silver you have the following inflection points:
The prices silver will go to in a short period of time is so staggering that the human mind can not be wrapped around the figure. 29 percent is a fucking erroneous joke.
And FTW, this is the crap that also ruins your credibility:
"Prices could go lower should economic growth slow because it would curb demand for consumer goods. A car contains as much as 30 grams and a mobile phone about 0.25 gram, according to the Washington-based Silver Institute."
You have no macro inkling about solar! Cars? Mobile Phones? Maybe you need to tell the Silver Institute about solar. Solar output is exponential! You're so fucking inlene clueless!
Year / Gugawatt outputt global
2005 5.4
2006 7.0
2007 9.4
2008 15.7
2009 22.9
2010 39.7
2011 67.4
We're fucking China's rounding error population wise. 1.3-1.6 billion people, the .3 billion is 300 million, that's us. You are so fucking economically inept it amazes me shit like this gets posted to the best economic blog.
And the other thing you know nothing about is water!
It's all about population stressing resources.
Silver can be eliminated from solar panels, just as it is CURRENTLY being eliminated from solder (where your cell phone silver is consumed .... and much of it is reclaimed. The more used, the more reclaimed.). There are lower cost alternative technologies for the metalized traces on solar panels. Implementation will only be a couple of years.
Sheesh, how many people look in the rear view mirror to project the future? Start looking out the front of the car.
Moron! Silver is the BEST conductor of electricity, and PV panels are so effing inefficient that removing silver makes them near useless.
Just did a quick google search, there are several articles discussing the replacement of silver in photo voltaic cells. I would be more excited about the antimicrobial properties of silver, until we start getting silver resistant bacteria, but from what I can tell it is much harder to develop a silver resistance than a drug resistance( I am not a biologist).
Long silver hospital door handles.
Actually it would be brass rather than silver for door handles. Silver would be ideal for handles for surgical tools (blades need to be harder & sharper) while pure copper works for tables those tools rest on. All disinfecting in a cost-effective manner.
Silver rips apart bonds with amino acids so no resistance will work by any bacterium.
here we go sub 31.
somewhere first buys around 650
TIA
shaking out weak hands or broke fuckers ...
been waiting all year for this
be happy :D
To state the all too obvious: Silver is a manipulated and controlled price commodity. THERE ARE NO FUNDAMENTAL SUPPLY AND DEMAND FACTORS "CURRENTLY" THAT ALTER THE PRICE OF SILVER IN THE UPWARD DIRECTON. (demand is only being created by scam)
So, when you state that the price of silver will increase by 30% then what you are really stating is one of two things:
a) the dollar will decline in value by 30% in 2013 ... or
b) the bankers who control the price of silver will simply move the price up by 30%
Those are the ONLY two choices.
There is no shortage of silver. If more is required, more is mined and refined. Fundamentally, when the need for silver in photo applications declined going into the digital age and now is almost completely gone, the powerS that control silver, to prevent a complete and utter collapse of the silver market, got NGOs moving to ban lead in solder, which at the time required silver in the alloy. Now, because of the EXCESSIVELY HIGH PRICE OF SILVER, it is being eliminated from solder by going to low and no silver content alloys. So, what did the controllers of commodity fraud do? They created an air of fraudulent shortage and the whole sound money scam. Just FYI (and go ahead and label me a heretic), silver and gold are only sound money IF and ONLY IF they have a use AND there is a shortage of supply. Silver, no shortage of supply, and I suspect that we have all been lied to about to available above ground gold in the world (but that is only a conspiracy theory)
So, believe whatever sell-side scammer you want to believe, but when you step back and evaluate whether it makes any sense, consider how much of a shortage there will be under a variety of the most likely scenarios. People can be such guppies.
Cheers! And oh please excuse me for not worshipping at Satan's alter of commodity fraud.
By the way, if you do not believe me, then pull up the silver institutes chart of where silver is going. It should be obvious:
Photography DOWN coincident with solder for electronics up ... and then a blip up in the last few years from so called investors (AKA suckers)
and yet bacteria constant evolve to beat every anti-biotic but can NOT evolve immunity to silver. That's a big growing market for pure silver AND pure copper (table tops in operating rooms).
Flat out, those are NONE of the choices. Clearly you do not understand the relation of "dollars" to "goods".
Goods, tangibles:
land, food, water, oil, electricity, natural gas, silver, copper, gold.
These all fluctuate in value relative to each other, not measured in dollars. Measured using each OTHER as prices. THEN combined they all fluctuate INVERSELY to the supply of dollars. This is NOT a 1 to 1 ratio with silver.
a 30% rise in silver is NOT a 30% decline in DOLLARS.
Silver to break $100, silver to soar, silver to explode, silver to break higher.
Aren't we all tired of these types of articles with silver will be at [insert arbitrary number here] by the end of the year. Get rich quick schemes don't EXIST. All the get rich quick investors are getting wiped out right now and I welcome it. If you don't understand an investment, don't invest in it. Investing purely because you read something about it about to soar NEVER works. I invest on fundamentals.
Yep, I buy purely as a hedge against currency deval/collapse. Have no interest in get rich quick schemes. I have about $55K in coins stored in my living area and continue to add weekly. Remember the survival rate drops to zero for everyone if we wait long enough. Happy Trails
"I have about $55K in coins at the bottom of my lake and lose more off the side of my boat every week"
There, fixed it for ya.
Boating accidents, bitchez
29% should be easy. All it has to do is retrace half of this mornings beatdown.
Gonna hit the 20's today...
Keep on stuffin' ! Angus McHugepenis .... don't fuck mad !
Look what is happening to silver and gold now. The manipulation is relentless. Of course, we have the freest, fairest markets that money can buy.
The CFTC will study silver manipulation for 4 more years and declare "what manipulation?"
actually that 140 is simply an inflation adjusted extrapolation of the 1980 Hunt high of 50.
however this number is based on a completely cooked official CPI post 1986 with its horseshit hedonic adjustments etc.
a better number is Shadowstats inflation measure which measures inflation consistent with the pre fraud methodology and stays consistent.
by this apples to apples measure the correct inflation adjusted high in todays confetti dollars is 460 dollars the ounce.
but the 1980 high was the product of the Hunt corner so its not a good number ... probably true
to which i would reply there were 12billion ounces of above ground silver in 1980 and even the Silver Institute tells me that number has fallen 92 percent to one billion ounces today.
Well the Silver Institute have been lying through their teeth since God was a child.
If this sorry lot concede a billion ounces one can be confident that the correct number for above ground silver inventories as defined is ZERO its hand to mouth on current mine supply and subject to an industrial user panic at any time.
but the true confidence builder is when that perfidious shill Christian tells me inventories are going to soar in 2013, so now i KNOW im right.
This cheap clown is the best asset silver bulls could possibly wish for , relentlessly wrong and a truly spectacularly dependable negative indicator witness his shooting his mouth off at the CFTC hearing in march 2010. So we actually fractionally reserve paper silver 100 times do we now? How very interesting.
Sharp eyes took due notice ... in the subsequent 12 months silver went from 17 to 50 courtesy of the aforementioned. Stay healthy bud you are making me rich.
Target 4 digits in due course, Smile and stack.
It's one of the only true buy and hold vehicles left. I don't have the energy to play stocks, stressing about RSI's, MACD's, Bumminger Bands.
Just buy some physical, make a hole in the ground and sit on it. That, I can do.
Aaaaaaaaaand plunge. Silver -1% gold-0.5% after COMEX open. What happened Morgan Stanley pulling out of another hedge fund again? This is just getting beyond bullshit.
That +29% prediction now has to be +32%.
Dollar falling this morning and the PM's getting trashed. Never seen such heavy handed manipulation. Really fucking depressing.
Why be depressed when the end result WILL be catastrophic for the manipulators who put their faith in paper
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/19_T...
$1652 gold. They are rinsing all the stops below the 89 week MA.
1600, possibly 1556 - goldpricemodel 2013 projection
Better buy now before the Chinese buy up the rest of the PM,s
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/19_D...
Anyone selling in panic?
Then the manipulated end of year price smackdown really doesn't mean shit, does it?
Hold steady, mates. Don't be driven into the sheep pen. They want you to sell. Kill the PM gains for EOY accounting and push you back into nice safe equities. Ain't no profit unless you trade funny money for funny paper and PM's WILL show (eventually) just how funny that money has become. Bad for business.
That's the game.
If all these analysts say silver will rise, it most certainly will plunge in 2013. But let's check the prediction on 12/31/13.
29% No, I don't think so. Silver will rise from 28.50 or 29 right up to 72 to 75. So let's say 29 to 72: +148%. The price pairings are:
29, 1611 (not the absolute low but a good estimate) and 72, 2400.
This has a trend slope on a scatterplot of: 2.27
log(2400/1274) / log(72/17) = 2.27
high vs low for the last 60 days yields a slope on the scatterplot more like 2.35. Short-term this may fail to hold to an entire year at 2.35x.
2011 dec 27 gold 08 | goldpricemodel | silver gold scatterplot
goldpricemodel 2013 roc 52-week
goldpricemodel 2013 projection
2012 apr 17 gold ROC trends | 52week ROC gold to 2400/oz
gold 52 week ROC 1980 to 2011