Outlook For Silver Spot Price?

So anyone think silver will get back in the $30 range in a few weeks time frame?

Are you a long term or a long term or a short term silver investor, a speculator, or a gambler?

I suspect that most here in the CCF are silver stackers which makes them long term physical silver investors. That being the case, your investment horizon is long term perhaps 5 years or more.

If that is the case, have a good look at the trend line for the 10 year silver price chart, or draw your own best fit smoothed line over the graph.

If you are a long term silver stacker it is probably the best to look at the 20 year price chart. From this chart, the current price of silver based on a 20 year history, should be around $20, IMO.

If you are a short term profit taker, and looking at the 20 year price history chart, sometime soon would be good period to sell. If you are a long termer, wishing to keep for at least another 3 or 4 years, you are probably better off keeping your silver, and just be content to let the future work it out for itself.

That is what I am going to do, but as I have said in an earlier post, I don't really care about whatever the future silver price may be, as I am in profit at anywhere above $9 per ounce.

I could sell when the price goes over $30 but then what? Put the money into cash and watch it go down with inflation over the years? I keep a few $K in cash around but over that it isn't worth it. So silver is essentially my long term storage of cash that stays off the books and out of site of prying eyes. As long as spot stays steady with inflation I am happy and anything over that is a bonus. Silver isn't so much of an investment as a cash reserve for me.