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 Replies: 12 / Views: 1,618 |
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Pillar of the Community
United States
2269 Posts |
Recently we have seen a few weeks of silver hovering between $31 to $32 per ounce. Last week silver fell to $28.89 per ounce, down 5.07% on the week. I have heard a multitude of reasons, but many experts see this as a buying opportunity with silver predicted to rise in the coming weeks or months. Being a bit of a silver bug myself, I plan on using the current price to my advantage by picking up at least 10 ounces.
Do you see this recent fall in the silver market as a buying opportunity or a sign of things to come?
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Pillar of the Community
Australia
7096 Posts |
I am happy buying at $32, $28.89 makes me even more happy  I have also noticed that there are some really nice silver coins on ebay for offer and not many buyers. I think some buyers are expecting a decent fall in the silver price and are waiting for that to occur. I picked some really nice collectible coins over the past 3 weeks at not much over spot and some a bit more expensive than spot but still dirt cheap. I think that in the long term silver will do really well and I will continue to buy while it is below $35.  |
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Valued Member
United States
247 Posts |
I'm headed to a coin show next Saturday so based on my luck silver will be most likely be around 50-60 :(
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Pillar of the Community
United States
3670 Posts |
I figure silver is gonna take off eventually this year, as all the big money players on wall street need it to dip down to 25, so they manipulate the you know what out of it until it bottoms out, and then they buy up huge amounts at 25 an the price starts to rise, an maybe they dump it all at 40, triggering a mass dump off, which brings us back down to 32 over the next month....
That just seems to be another day in the volatile life of golds red headed little brother....
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Pillar of the Community
United States
1150 Posts |
Silver is so cheap relative to the dollar that I can't believe it. I'd be buying at any price these days...
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Pillar of the Community
United States
2661 Posts |
I see a slow down ward trend through the summer. I will continue to grab up bargains until it hits $35 again.
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Pillar of the Community
United States
5860 Posts |
I'm tempted to buy right now, but having just made a major purchase when silver dipped below $31 (a week before it dipped $2 further) I'm a bit gun shy. I'm going to wait to see what the market does on Monday. I figure it'll either nosedive (at which time I'll congratulate myself on my foresight and buy something) or go back up (at which point I'll concentrate on enjoying the silver I just bought). I suppose it could remain steady, but I don't really think so.
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Pillar of the Community
United States
1454 Posts |
barryg,
I think it's heading down, mainly due to EU uncertainty.
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Pillar of the Community
United States
1450 Posts |
I'm going to hold off to see what happens too. I think we will have a bit more of a drop before it goes back up.
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Pillar of the Community
 United States
2269 Posts |
I am still on the fence about making a large purchase tonight. I too would feel more comfortable seeing how tomorrows market fairs.
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Pillar of the Community
Canada
1723 Posts |
Its funny that 6 months ago people were saying because of eu uncertainty silver is going up. How the trends change, gotta love it.
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Valued Member
United States
371 Posts |
I bought this weekend, Got $50 face 90% at $23 per $1.00 face and finished off my ASE Dansco at 4 over spot. I hope it keeps going down. Dollar cost averaging! |
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Pillar of the Community
United States
4008 Posts |
Quote:
I think it's heading down, mainly due to EU uncertainty. It has been my experience that "certainty" is one of those very comfortable illusions that human beings insist on having. It is no more real than the illusion of "control". In neither case do we really have it but we THINK that we do, so we feel better about things. As to the uncertainty caused by the European financial problems, I would agree with that but question what form it might take. What comforting illusion do the Europeans seek? Dollars? US Treasury paper? Gold and silver? Could be any of these. In the longer term, both US dollars and treasury paper may well prove to be illusory as well. Only gold and silver retain value during a paper money panic. They do this because people inherently understand that these things are valued by every human culture that has existed for as long as we have any records at all... and for probably MUCH longer before that. Insofar as anything has ever had intrinsic value, gold and silver have had it. Paper? It tends to go away just when economic and financial times are at their worst. Hopefully, we are not there yet but we could be in a few years if a new and much better direction is not taken and quickly. |
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Replies: 12 / Views: 1,618 |
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Posted 05/13/2012 12:43 am
