Hi I am a new member and it didn't,t have anything to do with the price of gold and silver. The timing of it with what you say is coincidental. However who knows what unconscious forces are at work in people so you may be right...
Probably because people did not want to pay 18-50 an ounce for silver. Now that its dropped into the 14 dollar range it is selling at a price that will probably attract more buyers. Also, you can insure your physical holdings by buying SLV puts. I insured 100 ounces for 83 dollars. 10 months of insurance. every dollar under 14 silver drops my put goes up 1 dollar offsetting the cost basis. so if silver goes back to 8 dollars I can sell to close my SLV put for 600 dollars. That cuts my cost basis down by 600 dollars.
First correction, $4 was an average price, $50 was a peak price. 2011's average price was $35. So, what about from 2001 to 2011, when silver went from $4 to $35? Well, alot contrarian indicators haha. The number of pm related forums was about the lottery winning chance. There was 1 pm dealer per square mile instead of 5. The other 4 were luxe cab renters and so on. Pm ETF's and their stockpiles didn't exist. Government pm sales were high. That's pretty much The Number 1 contrarian indicator lol. Governments sell low and buy high, to inflict speculators 1) less fiat when selling, 2) less ounces when buying. How about that?
