Looking at the 10 year graph, I've gotta say that anything under USD$16 is looking cheap. I think that will be my trigger to buy back into silver. Of course, now that I've said that it, it's guaranteed never to get there, so buy right now
Okay - I just purchased 300+ oz for the same reason. I don't think there is any type of catastrophe coming, and in fact I can see silver dropping further still before it goes up, but I can see it going above 20 USD next year.
I'm waiting until at least Dec 19th to purchase more. I've always made buys at the first of the month and then all these PM sites have their deals and new items 2 weeks into the month. It's been maddening!! Unless they put those generic American Flag rounds/bars on sale for New Years I think the last good sale of the year will be a week before Christmas.
We've consolidated for a few days, and should now likely move higher from here. Yes, I'm bullish for a change....
Did you buy some or missed that price coz it about to go over $17 now? Probably won't see $16 this year again, or many years now if it takes off.
It didn't hit US$16, so no, I didn't buy. Doesn't matter much, I bought most of my silver under AU$20 That reversal looks far from guaranteed:
Nice. Keep dropping baby. Almost to my next buy point. I only do my buys at each dollar drop (from when I last bought).
The value of silver is whatever amount you attach to it. If you are one of those nutty, braindead "silver to a moon tomorrow" permabulls, then even USD $100/oz silver is a bargain. For everyone else looking to buy or sell silver, be cognizant of the fundamentals. .
