I don’t see how it would double this year, unless it doubles ONLY in the local currencies while the dollar value stays the same. You have to defeat CME, JP Morgan, et al first. Not going to happen until April next year, I think. Write down on your calendar, “Stephanie says silver to rise above $50″ somewhere in the month of April 2013.

Its been pretty difficult to put a date to when BUT its almost guaranteed that yellow metal along with Silver will reach unimaginable heights once western/ Dollar based economies tank. Now we are witnessing the gradual collapse of those, any major event could act as catalyst to bring this gradual collapse from months/ years to days/ weeks. Geopolitical evens, PIIGS default, CDS triggering factors etc.

Wait & see…

I wonder how closely silver production is correlated to copper production. Doesn’t a big percentage of silver come as a byproduct of copper production? I think a lot of gold is obtained that way. Getting accurate data would probably be a problem.
The demand for copper is only going one way – UP.

Stephanie is right, I feel, any rapid increase would be met with hash margin hikes. Any silver move above the 200 MDA gets smacked down pretty hard. The only way it could double that soon, would be if/when paper and physical disconnect and the price is on its way to the stars. (Then followed by a blow off…)

Jason makes a good point here; in order for silver to double, a “crack” in the Cartel’s armor must appear; that crack is price discovery and disconnects between the paper price & the physical. The net result would then make it extremely costly for the Cartel to continue to freely short the futures. However, I believe silver will take out the 200MA, but once it gets about 16% to 18% above the 200, the Cartel will smack it back down.

@ Bill:
Yeah, the majority of silver is now derived as a by-product from other metals mining (esp. copper). Two interesting factoids here:
1. The US Mint is required to use American silver in the production of US Silver Eagles (ditto for Canada as well).

2. Last year, for the first time, the total amount of US Silver Eagles sold exceeded the amount of silver mined from US mines. Likewise, the total amount of silver Canadian Maple Leafs sold exceeded the amount of silver mined in Canada.

Let’s think about these stats for a moment . . .

A Little Extrapolation Here, & Gaming Stephanie’s Date:
It looks to me like this trend (i.e. record sales of physical silver) will continue into this year and the next, and maybe beyond 2013. In fact, I’d say that it’s HIGHLY likely.
This is yet another reason why I believe Stephanie’s estimate of April 2013 is a very good one. Between now and then, we may see silver soar back to the 40s, but then smacked back down by the Cartel (old saying applies here: “desperate people do desperate things”, like the 2 GIANT smackdowns in 2011). The Cartel isn’t going to stop until it becomes very painful for them to continue with their corruption game.

I hope they do smack silver price down for one more year , I’ll keep buying all year long!

But I still can’t find a good place to sell silver in Dubai , it’s easy to buy but what’s the point if it’s hard to sell when the top blows off. Dose any one know a good shop that buy close to spot price? Found one guy in the blue souq in Sharja but he wanted like 20% under spot for Maples and 999 rounds!!
As much as I love silver I’m starting to think UAE is only good for gold and I’ll leave silver for the west. Anyone know name and place of a good shop please post it.

Ed Note: Try the guy in the video (we are not on commission!)