All submissions for SilverDoctors' contest predicting silver's May close are now in.
We've analyzed the data, and we thought our readers would be interested in a summary:
23% (30) readers predict that silver will decline between now and May's close, and will close May below $48.00
77% (99) readers predict that silver will continue its rapid ascent, and will close May above its current price of $48.
70.5% of readers predict that silver will close the month of May HIGHER than silver's current all-time nominal high of $50.35!
Low Prediction: $30.69 by Makfirst
High Prediction: $135 by John Caby
Average Prediction: $59.63.
Median Prediction: $58.08.
So there you have it. SilverDoctors readers on average predict silver will close May at $59.63, with the median prediction being $58.08. We'll see how well group think functions with regard to the silver market!
Good luck to all, we will post an update with the winner at the end of May!
