Silver Is On A Tear Today

Not at all. Good market insight......

 

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So now the silver price is $85.29. On March 12, 2001, the price was $4.50. This means in 25 years silver did a 19x - up 19 times. So I am conflicted here, because I previously was conservative in my observations, but these numbers are insane. Silver actually beat inflation over this time frame. This also gives enormous credibility to the hyper-bullish silver bugs - not those at the extreme perhaps, but it gives them weight. They were right. We have to own this, even though during the worst of the bear market I turned sour on the permabulls.

 

Looking at long charts, you can always pick lows and highs to support almost any story. The span from 2001 to early 2011 was even more "bullish" - but look at what happened from 2011 through 2020, or even 2025.

By drawing lines on a chart, I could forecast silver next year anywhere from $1000 (or more) to $20 (or less). That's one reason that I don't have much respect for the lines-on-charts paradigm.

 

If one just looks at charts you can make any story .. good or bad just based on timelines.
Look at this:

If in 2020 you looked at this would you invest in Silver ?

Depends upon your strategy. either a bad long term investment, or a time to get in and buy *if* you believe it will go up. And also depends on if you are a short term vs long term player.

Usually when I do investment analysis I would look at any drops/spikes and try to get the answer to that. Did the market in general go up/down, the market category, why why why .... This will help one learn more about their investment and what can impact it.

I don't do this much anymore but Gold/Silver has global demand as we all know the current situation.

People tend to have Confirmational Bias.

 

Yes, they do. Or am I just demonstrating it?

 

Down again today.

 

So I have to wonder if we are at a somewhat normal price now? For our times it has been pretty steady for last 2 to 3 weeks, Except for $5 to 7 dollar ups and downs That we did not see much of when it was at $12 to $28 range in the past it usually gained or loss a couple bucks.

 

"A couple of bucks" up or down from $28 is 7%.

"Five to seven" bucks up or down from $88 is 5.5 to 8%.

Either one is a pretty wide swing for a day, but they're basically equivalent.

That 30% drop on Jan 30? THAT was a big deal.

 

I’m just being patient and waiting for the large rise in price that is coming before the end of the year.