Merril Lynch predicted SLW will hit $50 per share in 2011. The report was released only 3 weeks ago. What has changed since than with the global economies? Not much! I have 9,000 shares long which I own. I have some options which expred last month worthless buy I own the stock for the long haul. This stock has corrected 16.6% from the $42 high only 2-3 weeks ago. The trend line would say the next highs should be tested at $44-$45 per share. I thought this might have happened boefore the year end but it looks like it will be a bit longer. I would by more if I did not own so much now. Good luck to everyone no matter which side your on of SLW this stock!!
There is no absolute correlation.
Oct 1, 2010 Silver $21.95
Nov 1, 2010 Silver $24.91
Dec 1, 2010 Silver $28.74
If you do the numbers it
seems that WHEN SILVER hits
about 38 an oz. Wheaton should hover near mid field.
The question remains, where do you think price of Physical Silver will be for this stock to be around the $45 or $50 range. Let's assume they don't buy any paper clips or file folders. :)