Well, the past few days, Silver has been up and down but still in the $35 to $37 range. I wonder what the future has in store for silver. Any educated guesses? I want to buy silver again but... I want to wait for a dip again.
IN my opinion silver is sitting at a profit for me! If it goes up I sell, and if it goes down I buy like crazy!
There was a lot of technical damage that needs to be "repaired" after the recent price drop. It isn't a surprise that silver prices need to do some base-building before the uptrend resumes. I sort of expect silver to stay about where it is until gold makes a move. Regarding waiting for a dip, you may want to consider that this could be the dip and if you wait, you'll just miss it. Everyone wants a bargain price, but in a long term bull market, it doesn't always happen.
No one truly knows where PMs will go.... I set a limit of around $40 to buy. If it goes down great Ill buy if it goes up I will hold off in buying. I added 10oz to my collection today at $40 an oz. I got into silver a little over 2 years ago and I believe it was a great time. Just set a limit on how much you want to spend and go from there. Unless you buy huge amounts by the pounds and turn it over at the peaks to make a quick profit - silver is a long term ""investment" if that is what you want to consider it" in my opinion its insurance against inflation
