Wishful thinking. It's only hit AU$30 twice in the last 40 years. Odds are low it'll happen again in the next few months.
I think it's going to drop below the strong $14 USD support line. Be interesting if there is a market crash and silver falls down below $10 like in 2008.
bang on!! The physical silver market is basically there anyway. I cant find any 1oz silver products for less than $24. Maybe im looking in the wrong spots as I prefer to buy from reputable dealers. There should be 2 precious metal price charts. There are enough online stores with the prices on them that some smart dev could scrape the price data off and average it out.
In 20qty, AU$23 1oz bars http://www.perthbullion.com/shop/detail/itxagsbo1/ And coins are $22.60 http://www.perthbullion.com/shop/detail/monkeyroundsco1/
The problem is when will 2008 repeat? Looking at the US stock market, it doesn't look like it will crash anytime soon. Job creation in the US is strong, and these are not bubble jobs unlike in 2000s. If the job market continues to tighten, the US will soon relax visas for corporate job seekers and this will further boost real estate and the economy.
Thanks...I will do my best to ask "the right questions" it seems like some were just born with the gift of correct answers. I really enjoy the depth of knowlege revealed on the forum in all topics.
Thanks for your input, its taking a bit for me to understand the charts as its all quite a new experiance.