How Important Is Silver Breaking $20 For You?

I don't think we are going to see sub-$20 silver. Especially without huge premiums attached to it. My one LCS has held steady on premiums. I picked up a 4oz ASE for $100.20 yesterday afternoon with silver at $23.80. It was the only generic bullion the had and the owner said they were atleast two weeks from having their next Silvertowne shipment. Also bought one 212 Fuji Taku but the premium was higher on that coin.

Maybe not real important but if it drops to $18 or $19 I would make some significant purchases. The $18-$19 range we had in the summer of 2010 was the last time I did any major "Buy and Hold" purchases.

P.S. Silver seems to be a good buy at current prices too.

If it does go below $20, I will spend alot more on ASE and SML, and a few other coins from around the world

For me, breaking $20 probably isn't all that important. I'm waiting for $22 (a re-test of the recent low) cause I regret not buying some items on my list when it briefly hit that low (right before the premiums got raised everywhere). If it keeps sinking, I'll continue to buy cause I want more PM.