Silver had been suppressed for quite some time. August is usually a bad month for precious metals. Time to sell part of the stack?
If it's not going to go up for a few months, why keep it instead of investing in something that will provide dividends?
If you want to sell then sell, if you want to buy then buy. Other options are do both or neither. It shouldn't matter what others think, their situations may not be representative of your own. Not to be rude but sack up buddy and make your own decisions based on your own research.
No offence taken. Just that because of my age I'm a bit cautious about making these kind of decisions, so I'm just interested to see what other people think. That's the whole point of a forum right?
Im glad none was taken. Lets start with the bare facts. A lot of us wish we started as young as you did - pat yourself on the back for that. If any of us truly knew what silver was going to do then it would be fair to ask them this. But lets be honest, who can? Further add to this everyone stacks different items for different reasons. Therefore any opinion someone gives is based upon their own circumstances and reasons. They may not necessarily be the same as yours. Be cautious sure but remember some of the opinions could come from. People who bought at $40+ silver, people who bought at $5 silver and the paper silvers who convert profit to actual PM's I would bet Spanners left nut you don't fit into any of the above (me either). See why I say make your own call? You haven't done badly so far trusting your instinct to get into PM's Whatever you do good luck
If you think the money received from selling your silver could be better invested in other places, then go for it. If you think your next investment decision will be as superb as your silver investment, .... I'd be holding the silver. GL
Bigger picture folks: I'd say USD $15 is a reasonable goal. Take into account that local currencies can affect a 20-25%. Best is to buy when local currency sits high. USD, Euro and CAD sit now around decades average. GBP is a low (so bad to buy with) AUD sits high (so good to buy with), 25% above average. Also to take into account is that this % tends to go down with the progress of a trend. For a reason: people acting accordingly.
I just hold the silver, and try better decisions, in further silver and whatever. "Investing" in a zero sum market is investing in stupidity. Maybe 5 years bear market tossed most cherishes from the stupidity cake.
Also remember that when it hit US$15 last time, most on here were saying it was going to plummet further, it didn't. Few picked the recovery we've had.
Isn't that common practice? At what turns out to be the end of a downtrend to $15, some talk about $5 lower. And at what turns out to be the end of an uptrend to $20, some talk about $5 higher. My care in the subject started in feb 2011. When price approached the $49.5 peak, some talked about $100. And when it tumbled back to $32, some talked about $20, instead it was driven back up to $43.5 as a top. The same story repeated for every of the dozen 3-4 months cycles since. Rather obvious, how would one find a sucker willing to sell low or to buy high, without expectations of further lower or further higher? Seen the story repeated like a dozens time, since early 2011. The future probably won't be much different, only smaller price sweeps over longer periods, due to hard lessons learnt, until some brandnew generation suckers stumbles in, repeating the errors, with the previous generation seeing it as a get out quick, for a mathematical break even or so.
That's what the institutions of governments do, and suckers copycat them, only that the former can legally grab / print the fiat to do so, and the latter can't. "No dry powder left", some call it.
Well I don't have a lot of money to play with but I am both buying and selling silver some stuff in the stack won't be flipped ever other stuff is just there for that So I can get new and exciting silver
