$$25 Silver 25$$

Thanks for your answer treasurehunter
I will postpone my buy no need to rush things when it comes to PM
Haven't heard much over recent tapering let's see how it goes next week

 

If I didn't have a good position, then I would be fine with buying at these levels. The trick is to average down when it goes lower and to sell some when it goes higher (if your position is too large). I'll also be very tempted to sell some at around $25. There looks like a lot of resistance around $26. If it breaks above that it could go a lot higher, but I doubt that will happen any time soon.

 

today i was thinking it might go lower and the ******markets of gold and silver are high as fvck!

 

good lesson learnt, follow your first instinct

I picked up a roll of kooks 10 days ago, same roll now costs $70 more, no, $73 more, it's going up everytime I look

 

I doubt any1 will be willing to pay $22+ so as soon as some start to sell instead, those that drove the price $2 up, will drive it $2 back down.

 

I doubt it. This might be the next leg up. Yes, possible a little down, But me thinks up from here.

 

Anybody lucky enough to enter the silver roller coaster only recently is laughing already.

20% rise if you came in at AUD $20.00

Nice rate if you can get it!

 

Some people would call that sideways.

 

If 20% ROI in a few weeks is sideways, then I like sideways

 

Here we go again. !!!!! Seem to have been here before. Same sentiments , posts and thinking. Ah well!!!

 

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Silver ETF shareholders didn't even start selling in recent years with all the price drops.
During 2009-2010 they were a main cause of the price uptrend back then. They bought about a half annual world supply silver, with the Comex side all the time sitting on a big 50000 position - being a quarter annual world supply. Then the Comex side, and lotsa other existing stock holders including stackers, sold. Just look at the recycling increase.
Then during 2012-2013, the mined+recycled silver didn't find that high demand anymore without dropping the price big. Since then sideways.
So tell me, which demand is gonna move the price up? There is only 1 price mover left, being the Comex, and since those nearly never let the contracts actually end in delivery (the dollars they get during the position existence, that is what they're after, not the silver), it's just a temp price movement until they dump their positions once again.
What else is to expect, as long as general prices don't rise to catch up more with pm prices since 2008? Hedging against inflation without inflation means profit, and as seen: it's taken rather sooner than later haha.