Silver analysts' forecasts & commentary for 2012.

 Silver analysts' forecasts & commentary for 2012.

 silver (All prices in USD's)

↓	high	low	average	range
YTD actual at 21-Sep-12	$37.23	$26.67	$30.53	$10.56
Wolfgang Wrzesniok-Rossbach - Degussa Goldhandel GmbH	$44.00	$25.00	$35.00	$19.00
William Adams - Fastmarkets	$53.00	$24.00	$32.15	$29.00
Tom Kendall - Credit Suisse Securities (Europe) Ltd	$42.60	$24.20	$32.80	$18.40
Thorsten Proettel - LBBW	$37.00	$22.00	$31.00	$15.00
Suki Cooper - Barclays Capital	$45.00	$22.00	$32.50	$23.00
Ross Norman - Sharps Pixley Ltd	$50.00	$20.00	$37.35	$30.00
Rohit Savant - CPM Group	$35.00	$20.00	$27.00	$15.00
René Hochreiter - Allan Hochreiter (Pty) Ltd	$48.00	$28.00	$38.00	$20.00
Philip Klapwijk - Thomson Reuters GFMS	$45.05	$26.85	$34.20	$18.20
Peter Fertig - QCR Quantitative Commodity Research Ltd	$45.00	$25.00	$33.90	$20.00
Michael Widmer - BAML	$40.00	$25.00	$34.00	$15.00
Michael Jansen - JPMorgan Securities	$36.00	$26.00	$34.00	$10.00
Matthew Turner - Mitsubishi Corporation International (Europe) Plc	$45.10	$24.15	$32.95	$20.95
Jeffrey Rhodes - INTL Commodities	$50.25	$22.25	$36.25	$28.00
James Steel - HSBC	$38.00	$27.00	$34.00	$11.00
Frederic Panizzutti - MKS Finance S.A.	$50.00	$27.00	$36.00	$23.00
Edel Tully - UBS	$50.00	$24.00	$35.00	$26.00
Eddie Nagao - Sumitomo Corporation	$33.00	$23.50	$28.00	$9.50
David Jollie - Mitsui & Co Precious Metals Inc	$44.60	$19.20	$30.95	$25.40
Daniel Smith - Standard Chartered	$48.00	$26.00	$39.20	$22.00
Daniel Brebner - Deutsche Bank	$45.00	$26.00	$37.00	$19.00
Carl Firman - VM Group	$42.50	$24.10	$31.40	$18.40
Bhargava Vaidya - B.N. Vaidya & Associates	$48.10	$21.25	$29.20	$26.85
Bayram Dincer - LGT Capital Management	$50.00	$25.00	$42.00	$25.00
Average forecasts -	$44.49	$24.06	$33.98	$20.43
Anne-Laure Tremblay - BNP Paribas	$47.00	$24.00	$35.75	$23.00

http://www.lbma.org.uk/pages/index.cfm?page_id=142

Cartel Dumped 2x Annual US Silver Production on Market in 15 Min to Smash Silver Under $35

 After silver exploded through $35 on this today’s COMEX open, we wrote this morning that should silver hold $35 through today’s weekly close, the metal would quickly run to $37-$37.50 early next week as a massive short squeeze developed.

The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35.
Between 10:35 and 10:50am EST, an astonishing 62.5 million ounces of paper silver were indiscriminately dumped on the market to induce the sell-off- nearly twice US annual silver production of 36 million ounces!!

Must. Not. Allow. Silver. To. Close. Over. $35.
Perhaps there is something to those rumors of JP Morgan silver derivatives losses triggered with silver over $36?

 

Silver will be the first element in the periodic table to become extinct (shooting price per Oz. past Gold).

Besides Strontium (Sr), Silver (Ag) has the least amount of world reserves remaining. In a recent article on kitco commentaries, David Morgan put some highlights of what Adrian Douglas had stated in a recent interview about silver.
There’s very little left on the planet. The U.S. Geological Society said just a couple years ago that silver would be the first element in the periodic table that would become extinct. It’s incredibly bullish. The USGS said that would happen by 2020. So if we’re in the situation where we can run out of silver, the price clearly has to go up, because you can’t obviously run out of silver. What will happen is, the price will have to go to a price level where it’s economic to recycle it..
We have seen history in the making here. Normally whatever the government states, we know as of late is false. But here, we have some honesty from the USGS. Unfortunately, as energy becomes more expensive due to less net energy available due to a falling EROI ratio, even recycling will become expensive and prohibited. There will be plenty of challenges in the future for the modern technological society we live in as we transition to a world with less of everything right at the time when China and India are westernizing.

http://maxkeiser.com/2011/04/08/silver-will-be-the-first-element-in-the-periodic-table-to-become-extinct-shooting-price-per-oz-past-gold/