Buy silver before it’s too late

It certainly was. This thread wasn’t started 10 years ago though.

 

Medium term I see a test of 18.80 - opinion only.
Monthly chart below.

 

Thanks for the input. Yes, quite likely. A great buying opportunity IMHO.

 

As long as student silver passes the test.

 

I bought silver bars on 21st April, since that time futures have come down around 23% but price of physical has hardly shifted. I paid £710 (GBP) per kg, 1 kg bars.

 

Physical is today's price. Futures by their very definition is tomorrow's price. Tomorrow sometime in the future.

While having said that physical tends to somewhat hold up more in downtrends.

 

I'm awaiting a short entry. That's what makes a market.

 

That’s cool. But it may be that your intentions are different to mine, are you looking for a short/mid term trade opportunity? They tend to short silver outside RTH.

 

Until my target is reached. I'm targeting below 9, so not short term. However long that takes. But I suppose, until I have a position, I'm neutral on silver.

 

9 is highly unlikely IMO. Miners won’t sell at these prices. You may get some sort of a shock parabolic downside similar to lockdown price action, but that’s more like having a crystal ball to expect that. Do you see the long term trend average? They try to suppress prices by shorting paper, but longer term trend is definitely up, as the FED will continue to weaken the dollar, again long term.