$20 silver

Discussion in 'Silver' started by DanielM, Oct 12, 2020.

  1. DanielM

    DanielM Active Member Silver Stacker

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    When is silver heading back to $20/oz? Will it happen when the ‘pandemic’ is over? I’m in a long term accumulation phase so the current prices aren’t helping, I tend to not buy over $25/oz so these prices are killing me.
     
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    Buy now
    Cry later
     
  3. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    There's no rush, it is a long term accumulation so just stop buying when the prices rise, they will drop again soon enough.

    If you have been buying under $25 now might be a good time to take a few profits. I sold off 1/4 of my stack at $40, took a bit of profit, paid down a bit of debt. You might as well make your silver work for you if you can.

    Good luck!
     
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  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    $20 silver?! When pigs fly....
     
  5. DanielM

    DanielM Active Member Silver Stacker

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    Would you eat your hat if you see $20 silver at some point during the next year?
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    SLV shares for $20 maybe haha.
    Physical wont ever come down that low again now.
     
  7. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Next year is 365 days range... Why not just say after 2020... if you'd do the same, if SLV never hits $20, then you're on!

    And we're talking in AUD, right?
     
  8. alor

    alor Well-Known Member Silver Stacker

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    remember the $13 silver
    it was supposed to be $14 silver to accumulate (your odd are best)
    had you followed the $13, there was never a real chance to pick up, there were premium adjustments even before it reach there

    it was a mere luck to have picked up some when spot at 21.70, but had I insisted on getting at 21.00, then its just too bad, NIL result
    looking back to June 2016 price of $21.12 about
    better price about 23.00

    for SLV, just need to look at SLV chart, not spot silver price
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Same as me, I got tired for waiting, so bought 2 kilos for fun. If it drops to $19, I'll buy another 2 kilos, just DCA. I think the present price is quite good, if you look at the price of silver in AUD or SGD for me. I don't bother with the USD price.
     
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  10. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    It'll get to $20 level when putin and Xi flood the market
     
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  11. DanielM

    DanielM Active Member Silver Stacker

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    I’m a gambling man. I’d eat my hat if silver doesn’t hit $20 at any point next yeah as long as I can down it with a little BBQ sauce.
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Watch the solar stocks. They have been parabolic since March, prices went up even more than silver miners. This didn't happen in 2016 so something has changed.
     
  13. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Any tobasco?!
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    If it gets down to AUD20, I'm selling the inlaws kidneys and backing the truck up.
     
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  15. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Be careful what you wished for...
     
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  16. Mill3d

    Mill3d Member

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    It might take an evaporation of confidence in fiat (paradoxically). The most logical format for a major pullback would be destruction of residential RE loans by mass default. For some time 50% of the ASX200 is the top four banks and the great majority of their loan structure looks dependent on that one egg in the basket, at least on the surface

    As we see, Victoria is at a crossroads and decline is likely, with many vultures chattering about their feastings in the next year or two on the Victorian RE carcass.

    Victoria being 25% of the Australian economy is a significant matter

    For silver, there is no rush. It had a recent mini-euphoria, but also a dizzying bungy down and few here jumped on it when it jumped down. That is as it always has been and that is why the down is big and why buying there is good pickings.
     
    Last edited: Oct 13, 2020
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  17. Mill3d

    Mill3d Member

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    Another matter is the loss of international student kidney harvesting...oops, I mean education in exchange for residency

    With the loss of that, a spat with China over our main commodity exports (iron and coal), attacking our coal and uranium as energy exports, and cutting the legs out from under the table of the “hot property” debt ponzi, it isn’t hard to see problems are coming
     
  18. Mill3d

    Mill3d Member

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    Last time this kicked off, there was a big drive towards the USD, being the “reserve” (lol)

    So, short term (3 month) maturity US T-bills actually had a negative interest rate because they were so heavily sought to escape the fire
     
  19. Mill3d

    Mill3d Member

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    Silver at 20 is easy to see coming because the price is so volatile. It probably won’t last long due to the obvious issue with delays in physical acquisition now. If you want to trade paper silver, fine. I don’t see a problem with that for anyone either. It is very convenient now and after the inventory depletion in March, a more realistic idea in the event of a big plunge ala then.
     
  20. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    [QUOTE="Mill3d, post: 1176649, member: 39312"

    As we see, Victoria is at a crossroads and decline is likely, with many vultures chattering about their feastings in the next year or two on the Victorian RE carcass.

    [/QUOTE]


    MELBOURNE......the Detroit of Australia.
     

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