Will Silver Drop to $15 per Ounce?

American Eagle, design by Adolph Weinman. (Photo credit: Wikipedia)

It doesn't seem like too much of a stretch considering how far silver has fallen already, that it might reach $15 per ounce. Will it? Silver remains enigmatically unpredictable.

One place to start to look at the charts as Don Harrold of The Day Trade Show has done.





Sunshine Profits asks Is it Time for a Breakout or for the Final Bottom in Silver? They believe the final bottom for silver will be $15 - $17.50.

This coincides with some other predictions of the future silver price:

• Peter L Brandt: $16.15
• Don Harrold: $17.50
• Chris Marchese: $17.50
• Louise Yamada: $14.00-$15.00

So, there are a range of forecasts for the silver price, ranging from $14.00 to $17.50.

Will silver reach $15.00? It's difficult to say, but it does seem within the realm of possibility.