Hmm, I don't know, I think the bulls are just a vocal minority at the moment. I would say sentiment is actually bearish around here, for good reason. Then of course there are stackers who don't seem to give a foock about the price.
It always blows me away how quickly sentiment changes From now to 2 weeks ago then 4 months ago. Like a yo-yo from Mainstream media, High level investors, banks and stackers.
Yeah lol. Every time spot tanks a bit, bearish threads start popping up everywhere, and vice versa. Since you seem to be stacking silver for investment purposes, it would be wise to wait for a bull trend to enter at whatever level rather then guessing the bottom. As for me, I will buy at planned intervals, all the way down to the bottom, that way I cannot miss it
Expect it but don't bet on it because you will probably miss it. I am saying buy into the averages instead of trying to catch the proverbial falling knife.
When do you approximate it will fall so low? Gold will prolly drop below 1,000 $, if your silver prediction proves right!
It's possible, the futures market position increased at a same price, meaning that others sold, meaning that lower bottoms than before are possible. Whether those happen or not, depends on the amount money people are now considering to swap for silver. If it's more, then the lower bottom won't arrive, and we'll see the futures market position again drop at a same price, if it's less, then lower bottom will be there. I'll see when I'll make my next purchase. It depends on the futures market position trend, usually you see it 2-3 times making the opposite change of the previous trend, to then have a reversal. No hurry needed, last year I skipped several $19.5 occasions because dealer premiums were too high. Earlier this year the premiums dropped, and the spot price revisited $19.5, and I bought by so far cheapest silver there. It's some middleway in risk, I can miss lower prices, but I miss higher ones too hehe. Look at all those that bought in the last $20-22 period. They now see sub $20 again. $22 was over 10% less silver. Just saying!
Short Answer: $16 dollars? no. Besides detroit is about to have there water cut off for the entire place for not paying and you think silver will reflect it by going lower?
Keep talking! Now were down to $19.64 USD. And by the way.....Detroit is sandwiched between Lake Erie, Lake St.Clair, and the Detroit River! No water shortage!
Thats a super low guestimate, And so assuming you don't currently stack silver purely waiting for that price? And your putting your faith in fiat driven stocks instead? Wow.. Optimism personified
And then what will you do if it falls to $10 after you've bought at $16 ? Will you bale or buy more ?
If you carefully read between the Springfieldlines, you realize that he won't wait for $16, instead hopes others will wait!
