Will the price of silver drop below $20au an ounce?

[Gigrantor]

It sure looks like it is heading that way, I wonder if it will keep dropping?

I made a similar post to this about 6 weeks ago but at that stage the price was over $20au an ounce, its dropped about another dollar an ounce since then and it looks like its getting pretty close to the $20au mark.

I've been putting off adding to my stack until it drops a little further.

Am I alone holding off buying new silver at the moment?

 

[DanielM]

I hope so

 

[Golden ChipMunk]

It drop because I just loaded them. My fault.

 

[DanielM]

$500 kilos and I'm a happy boy

 

[Altima]

I don't see why not!

 

[dollars]

$500 kilos and I'm a happy boy

I recall picking up a 1994 kilo kook for $280 from RCC

1966 50's for under $5 almost like the "olden" days

cheer$

 

[House]

I hope so!

 

[House]

I hope not!

 

[bja]

Was it Agman that bought up big and triggered this drop? I seem to remember a post last week...

 

[Pirocco]

Am I alone holding off buying new silver at the moment?

Since every seller requires a buyer, I doubt it.

 

[Pirocco]

$500 kilos and I'm a happy boy

I recall picking up a 1994 kilo kook for $280 from RCC

1966 50's for under $5 almost like the "olden" days

cheer$

Back then my savings were too crappy to buy that.
Though I wished I didn't wait for 2011 to swap the savings.
I hope I helped you guys to succeed in your inflation hedge!
Mine was so far a fail.
Over 2 decades I think I'll break even in mathematical terms, and if I can continue saving in silver, maybe abit less worse.
We gonna first need to see some bank accounts being declared as loss, or high general price inflation, or economy into the crapper. Such risks makes people willing to pay more. Until then, haha, I think the biggest dumbness has passed. Including mine.

 

[Load of Bullion]

Glug glug glugunderwater

 

[Pirocco]

Remember in the eighties and nineties, people waited for 10 cent higher and 10 cent lower.

 

[Gigrantor]

Bump!

 

[Newtosilver]

I spoke with Jesus and he said yes.

 

[Gigrantor]

I spoke with Jesus and he said yes.

What does Jesus have to say today?

 

[Miloman]

I'll chime in... it does look like $20 will give way.

I wonder what the lows will be.

 

[SilverDJ]

Am I alone holding off buying new silver at the moment?

Nope, I'm done buying for the time being until blood hits the streets.

 

[SmartyFarty]

it was below $20au in November 2014.

http://www.ptcalc.com/silver-price-history.php

I think the aud will strengthen against usd as the market is getting fed up with the FED rhetoric about raising rates

 

[palmbird]

Next monday is a Eurotop for the crisis in Greece.There is almost o other way than a plan to hold Greece in the eurozone and EU.So next week i see a new drop in the price of silver and gold.One chance in a million that Greece leaves the euro.In that case silver price will rise .But the EU is afraid to let Greece exit because Russia would take to much interests in Greece.So after the panic of he last weeks the price of silver will drop.