target silver price 3rd may 2011

target silver price 3rd may 2011, target price for silver on 4rd may 2011 : Australian-based Silver Mines said it defined an exploration target of between 4m and 7m tonnes at 200-260 g/t silver for its Webbs Silver project during the March quarter. The target has the potential to contain 26-57moz of silver, said the company.

Its exploration target included existing JORC-compliant inferred and indicated resources of 1.23mt at 256g/t silver containing 10.15moz.

news target price for silver on 3rd may 2011

Gold to be lower but not as much as silver: Vertex Sec
The way silver has moved down, similarly gold should be lower as well. It might not be as volatile or lower the way silver has gone. On the international market, we expect the prices to go somewhere about USD 1522-1523. This means we have a downside of about USD 8-10 from the current levels. Read More...

Gold and Silver, NUTS to all of you ‘Top Pickers
On a daily basis I receive Emails that consist of a lament, citing analysts who are predicting a major top in the metals, to occur almost imminently. They quote a man who runs a financial website and who a few weeks ago, drew a line in the sand for silver at $37.00. They also mention Robert Prechter as having told his clients that he was selling silver at 37.37. I was surprised to learn that Prechter had any silver, since he told his subscribers in 2002 that he had just shorted gold at $400.00 and expected to cover at $50.00. Since he is still waiting for gold to drop to $50.00, why would he own silver? This is the same Robert Prechter who in the mid-1980’s predicted a peak for the DOW at 4000 to be followed by a crash. Instead the DOW rose to 11000. “Nuts” to these and other analysts who fail to realize that silver is in a bull market like no other. Read More...

There Is No Need to Fear, Silver Next Target Is $60
While silver prices took a small tumble on the Comex composite and felt a ten percent wallop in the Asian and Australian markets, there were investors of silver who started selling off in the fear that silver had met its match and would not be getting any higher. The thing is that is far from the truth. While there was some disappointing news that came from the day of trading on Monday, there was also some very encouraging news and news that will certainly show that silvers next stop and barrier will be the $60 mark. Read More...

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