What's UP ??? I picked the wrong metal

Soldi

I think me picked the wrong metal to correct. I figured Gold would correct a bit. What's Up with Silver drop ?

tincup

A buying opportunity!!!

Soldi

Yes, I will look into that, but the premiums are hard to swallow. LOL

asheland

With the premiums, the drop doesn't really mean much...

johnny9434

I think it'll be like that for a bit, jmo

Soldi

@tincup said:
A buying opportunity!!!

Premiums on a dying commodity is what I'm thinking. Perhaps dying is too strong a word, but if so valued bars wouldn't be eschewed.

blitzdude

Not dying per se, just heading back to da gutter. Just like clockwork, 6,000 years + of history tells you all you need to know. There's a damn good reason they call it the gutter metal.

ricko

I watch the gold/silver markets closely.... quite interesting. While I would not consider the current minor drop in silver a real 'buying opportunity', it likely will not get much lower in the foreseeable future. Premiums are still high. Sellers doing better than buyers. But down the road.... Cheers, RickO

TwoSides2aCoin

@blitzdude said:
Not dying per se, just heading back to da gutter. Just like clockwork, 6,000 years + of history tells you all you need to know. There's a damn good reason they call it the gutter metal.

Heading back ? Silver was $13 in 2020
You doomsday guys always buy at the peak, instead of the dip, methinks.... with that 'tude.

Soldi

@ricko said:
I watch the gold/silver markets closely.... quite interesting. While I would not consider the current minor drop in silver a real 'buying opportunity', it likely will not get much lower in the foreseeable future. Premiums are still high. Sellers doing better than buyers. But down the road.... Cheers, RickO

"US/WE" DOLLAR COST AVERAGING GUYS are just saying, I mean you know, we're just saying. OKAY is THAT OKAY ??

ricko

@Soldi... OKAY - That is certainly okay... or OK... or Okie Dokie... Cheers, RickO

jmski52

It's a good strategy to "average in". That means you buy at somewhat regular intervals in roughly the same dollar amounts, which will smooth out the average cost, reducing your market risk.

The high premiums could mean two different things. It might mean that silver is overpriced because of some dealer considerations. It could also mean that the market is tight and getting tighter.

Andy Schectman from Miles Franklin has been giving alot of interviews - he usually gives an update on the market, and I think that his information is reliable. Listen to what he's saying and decide for yourself.

Silveryfire

I kind of view silver as weak and don't really buy generic much unless the price is an obvious low. Focusing more on gold or platinum. Except for vintage silver, I'm doing very well in that area.

On the other hand, I think that silver is fantastic for people that are doing a lot of buying and selling. Its cheap, popular, and people will pay premiums in many instances that they probably shouldn't.

TwoSides2aCoin

Too late for some , too soon for others. There are buyers, sellers, traders ..... and those who talk about us.

derryb

premiums are the price if you want the real thing.

Soldi

@derryb said:
premiums are the price if you want the real thing.

The real thing is about to make a sustained rally higher. Much higher.