What happen to the Silver Market?

China manufacturing is down:

http://www.reuters.com/article/2011...20110922?feedType=RSS&feedName=topNews&rpc=71

That would definitely be a factor in silver's price. I'm hoping both gold and silver drop. I'll be buying bigtime when I think it hits a low.

 

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I bought some silver today. $37 seems to be a level of resistance on the down side for the last couple of months. If it continues to drop to below $33, I'll back up the truck and load'er up. I'm in for the long haul either way, but buying at $33 or $37 beats buying at $43.

 

I hear ya on that. I bought some Morgans at $30. I was happy about it.

 

Better start your engine...

 

The panic has now officially set in. Bargain hunting and covers aren't stopping it this morning, looks like. If there's anything to wave patterns, then your target should be about $25.00 or so.

 

$32 an oz now... Anybody buying?

 

Are you loading? It's currently $32.40

 

Headed to my local B&M right now. However, I may not buy as much today as I originally intended, since the free-fall seems to have begun. I'll buy about half what I was going to convert from greenbacks to silver. If it hits $25 that will be my next target on this dip.

 

We must read the same charts, Race.

 

Hmmmm....I must be lost. I thought this site was called "cointalk". I don't see how prospecting on Silver Prices has anything to do with numismatics. By the way, if financial analysis and chart-trending worked at all you wouldn't be trolling a coin site talking about $25 silver. Best of luck though...

 

Well, the thread is mis-categorized... it should be under the "Bullion Investing" forum, not "Coin Chat". But you knew that.

 

So can someone move it to where it belongs?

 

The way I see it is the rise in PM’s was based on fear and the decline will be based on fear as well. If this is the crash, the scared “sheep” won’t be able to run fast enough to avoid getting fleeced. Hate to be negative, but history has pretty much shown this to be true. Speculation is a risky business where a few make a fortune, but most lose.

 

I don't think my favorite coin dealer has anything at the new silver price yet. He told me some VF Morgans yesterday for $37...he won't go much lower on those. I think I have to wait till someone finally sells him some silver to get a reasonable price.

They were nice Morgans but still common years. They were probably high VF low AU. Are they worth getting at $36 if silver is under $31...I'm thinking not.

 

Silver looks like it is on its way back up. Stay tuned...

 

Done.

 

silver at about $31. anyone buying?

 

Broke some pretty serious support lines on the chart, broke may be the wrong term...free-fell thru them. Personally going to stand by and see what happens before going in anymore.

 

Here's a link to some reasonable explanations as to why PMs are taking a such a beating. If you buy the main-stream media explanation, a correction was due anyways after the recent run-up.

http://www.cnbc.com/id/44632852

 

so we've gone down from $40 to $30 (25%!!) in two days. what the edited,

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