I've got tons of silver eagles, as I have been stacking for a good while. I feel pretty good that silver is showing some pretty powerful resistance to that 30$ mark. It makes me feel like silver could be even stronger than I truly expected. Perhaps the markets have decided a fair value for silver and it is right around 30 bucks.
Its been getting beaten down for months... Eagles are a good place to start and i suspect many started off getting into eagles (as america has lots of individuals pushing this as the silver to purchase). Not sure id call this powerful resistence.. silver could easily go under $25 by the weekend. The sub $30 last week was some very thin trading so id hardly say it was tested... although i hear alot of industry gurus purchased when it did dip under $30 which is a sign but nothing fundamental.. Id recommend taking advantage of this OK price level to diversify your stack.. try some local coins or generic bullion.. 1for1
True...very true. If silver can hold 30 or at least around 30 all week....I'd be convinced it is much stronger than a lot of people are thinking. If it is at 27 or lower by weeks end....well.....then it is a waiting game
Well, Monday was another day of silver bouncing right back above 30 dollars, every single time it went under. We closed the day at over 30 dollars. Tuesday is a new day, but hopefully another day of 30 dollar resistance =) We'll see I reckon......
