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Is $30 the new floor for silver? Discuss

AhrensdadAhrensdad Posts: 2,583 ✭✭✭
in Precious Metals
Thanks for your replies.
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Comments

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    There's no guarantee with silver, and I wouldn't hang my hat on $30.00 as a floor under the price. Having said that, silver is a great speculation.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I tossed my crystal ball into the garbage can on Monday...It's prediction % was not acceptableimage

    Rhodium at todays price, may be the "dark horse."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Silver is the perfect, volatile trade for the paper players. Money to be made in both directions if you can call it right. Volatility prevents it from having a steady floor.

    I'm looking for $31 as an indicator of a paper buy.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I like silver because - if you ignore it long enough, you win.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • lightcyclerlightcycler Posts: 546 ✭
    I think it will test the 26.50 low and maybe break under by a bit. Once the next run happens .......$30 will be a distant memory for years to come. JMHO
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