Silver is dropping right in front of my eyes

Discussion in 'Silver' started by Investing for kids, Jul 28, 2020.

  1. Investing for kids

    Investing for kids Well-Known Member

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    What makes you say that?
     
  2. dross

    dross Active Member

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    To me it seems more like a consolidation, the metals have been going up for a while, broken some old highs need to find resets for new price resistance levels. Good chance for those waiting to buy on the dips, i don't see anything in the financial world to change the current direction. Could also be people selling off slv etc taking a profit, ATM anythings possible so many shaky investors in all markets.
     
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  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    Rockets are not good at flying. Once they run out of energy - down the come.

    fxempire report by AG Thorson suggests $19 USD as a substantial support level.
     
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  4. Lucky

    Lucky Well-Known Member Silver Stacker

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    Correction or crashing doesn’t matter
    Nothing is changing in the world
    NZ has now gone into lockdown
    Will see it spread globally again
    Bad times ahead
    Volatile ride
    Get your metals while you can
     
  5. OneDay

    OneDay Active Member Silver Stacker

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    I was joking. But check the chart of what happened earlier in the year when the spot price smashed down to $12 per Oz when Physical demand was high.
     
  6. Investing for kids

    Investing for kids Well-Known Member

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    yeah that is true. Its continuing to drop though, we went down near 32 but up at nearly 34 now
     
  7. silverhair

    silverhair Well-Known Member

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    the entire market crashed in March when silver hit 12....I enjoyed the March crash very much as it was great buying
     
  8. Investing for kids

    Investing for kids Well-Known Member

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    We are talking $12USD right?
     
  9. OneDay

    OneDay Active Member Silver Stacker

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    Hindsight... sucks some times.
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The trouble is there won’t be any physical silver to buy. One of the merchants that I buy from already ran out of kilo bars this morning. But we could still buy SLV, and hope to flip it before it implodes.
     

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