Originally Posted By: bamachem

Originally Posted By: Fishduck
Originally Posted By: ridgestalker
I believe it will go as low as 8 in the next year.


What is your rationale behind that?


This

Originally Posted By: bamachem
When the dollar is weakening, precious metals will spike. When the dollar is strengthening on the world market versus other curriencies, metal pricing will fall. That's the economics involved here. Traders are looking at a strengthening dollar (comparatively) so they are valuing silver at a lower rate when traded (sold) for US dollars.



http://www.forbes.com/sites/pascalemmanu...e-here-to-stay/

However, low oil pricing is hurting the fracking boom, and slowing the dollar. On the contrary, Greece is devaluating the Euro, which is offsetting our loss of momentum.

Here's some more good info:

http://www.businessinsider.com/what-the-...g-green-2014-10



Thanks for your explanation!!!