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Silver- How Low Will It Go?

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 Posted 09/23/2020  8:01 pm Show Profile   Bookmark this topic Add silverstash119 to your friends list Get a Link to this Message
Silver price predictions - based on today's drop, I say $19/oz by end of the week. Probably wrong but that's my guess.
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 Posted 09/23/2020  8:57 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Laying odds?
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 Posted 09/23/2020  9:11 pm  Show Profile   Bookmark this reply Add silverstash119 to your friends list Get a Link to this Reply
@coinfrog

Nah, just curious on people's opinions/predictions. I think it's a bit more of a pullback before shooting higher in a month or two, but could just be wishful thinking. Wishing I had more money to spend on the stuff right now... could use another kilo
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 Posted 09/23/2020  9:32 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
September for silver used to be a month for selling.

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 Posted 09/23/2020  9:39 pm  Show Profile   Bookmark this reply Add silverstash119 to your friends list Get a Link to this Reply
@Macmercury

Well, it was for most of it. I got into PMs only recently around December last year, I hadn't sold any except 6 ounces this month just before this massive sell off or whatever just happened. Sold mine for average of $29.33/ounce, so perfect time to pour the money back in and buy more....
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 Posted 09/24/2020  01:36 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
Part of me hopes it gets below $20 so I can add to the stash.
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 Posted 09/24/2020  08:56 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
just before this massive sell off or whatever just happened.
The usual paper dump. Still, nothing wrong with your taking a profit.
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 Posted 09/24/2020  09:05 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Funny how when you can use the money and have silver to sell the spot price is low. When things are doing pretty good, and money is not a problem spot goes up. I don't think these drops have anything to do with the stock market, current events or inflation.
I think it is being manipulated so mega rich people can buy the silver up that us wee folk dump in fear of losing more tomorrow.
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 Posted 09/24/2020  2:58 pm  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
On any given day, there are a million reasons why the PM markets might go up or down and it really isn't clear until you look back in hindsight.

The reason for this recent drop seems clear enough though if you look at the dollar chart. Dollar is suddenly strengthening after sliding since March.

https://www.marketwatch.com/investi...x/dxy/charts
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 Posted 09/24/2020  9:46 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Looking over the Kitco chart, silver has gone back to the last 60 days value at around $22.

JPMorgan is being fine $1 Billion for manipulating the silver and treasury markets again, nothing new, except its the biggest fine yet.
Otherwise; we should have seen silver above $30 already.



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 Posted 09/25/2020  01:05 am  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
Maybe they manipulated the price artificially higher and the current price is fair market?
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 Posted 09/25/2020  9:28 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
With a low of $12, and a high of $29 over the last year, I think I would be happier to bet on the horses instead.
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 Posted 09/27/2020  12:36 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
I'm thinking it is headed back to $16. Congrats to all of those collectors that took advantage of the spike to sell. I didn't sell but I didn't buy during the run up either.
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 Posted 09/27/2020  01:07 am  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
Further dollar (DXY) strength so probably more PM weakness ahead!
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 Posted 09/27/2020  1:08 pm  Show Profile   Bookmark this reply Add silverstash119 to your friends list Get a Link to this Reply
I'm treating silver like I treat my mutual funds, I'm in it for the long term, and I plan on passing on the majority of it to my kids. Plus I just like holding it/looking at it.... the ups and downs provide little more than entertainment value.... I would sell and buy land though if prices skyrocketed enough.
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