David Morgan, founder of Silver-Investor.com, says he could see silver prices as high as $45 in 2011 "and if things get really crazy we could go beyond that."
Anthony Neglia, president of Tower Trading, sees $50 in the second quarter, but will be forced to revise his target if silver slips past $38 an ounce.
Phil Streible, senior market strategist at Lind-Waldock, is a bit more conservative saying the $42 is a near term top.
"It's [just] not going to be in one shot ... unless some significant supply and demand structure changes ... I think we chop our way up there," he says.Bob Archer, president and chief executive officer of Great Panther Silver (GPR), told TheStreet that he expects silver prices could crest $40 this in 2011. "Silver is, for the first time in a long time, starting to get in the mainstream of investor awareness," said Archer. "Silver is a tiny, tiny market. The more money that flows into a tiny market, the more the price shoots up." Keith Neumeyer, CEO of First Majestic Silver (AG), says "as we become more reliant as a human race on technology we become more reliant on silver." Neumeyer thinks silver will hit $50 in 2011 and $100 over the long term. Philip Klapwijk, executive chairman of GFMS, thinks $50 is a realistic price target for 2011. But the fun stops there. "One would expect to see fairly significant profit taking at $50 an ounce," says Klapwijk, "because I do think that is a target for ... early investments in the metal. That could lead to a lot of volatility." The experts, traders and CEOs have weighed in and now we want to know what you think:
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