Are we going to see sub $20 silver again this year?

You will see $18 by years end

 

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It is still hanging around $21, hoping to see it drop again soon.

http://www.monex.com/prods/silver_chart.html

 

I think we are going into the teens yet again this year. My consideration right now is whether to sell out of some generic bullion and buy back later.

Only problem is we are a little lower than my DCA at present. I would technically be selling for a loss but could lower my DCA in the future. One good daily spike of $.50-$.70 will probably trigger a sell for me.

 

Certainly looks like we are on the cusp of sub $20, perhaps today!

 

Silver is down $.91 so far today. It stands at $20.81 an oz.

 

Price inflation and monetary inflation need to be distinguished. I am not sure which was being referred to, but any time the word 'inflation' is used it should be quantified or it could be a source of confusion.

Monetary inflation is most certainly occurring. Monetary inflation increases potential for monetary velocity. Increasing monetary velocity causes price inflation. Due to massive amounts of QE being used to shore up banking balance sheets and lying dormant the velocity of money has actually decreased in recent years, but the potential has vastly increased.

Inevitably monetary velocity will eventually increase unless those QE dollars are destroyed, but that would only be viable if the equivalent amount of QE dollars is made in profit for banking surplus so that they can afford to give it up. Further exacerbating the situation is that the debt-based dollars created from thin air are largely used to buy debt-based bonds (which are also dollars) so there is a compounding debt effect. Unwinding is not very likely, so then more likely is the waiting game they will extend as long as possible.

 

I have pretty much stopped buying, but if it gets under $20 again I may be tempted...

 

So far today Silver is up. 71 so over $21.00. The whole Government shutdown could be having an effect on this.

 

The Debt ceiling in a couple weeks will be the real test on the markets, we could be in real trouble if our country defaults on its payments due. This is getting ugly! All I know is up until then, the market may drop some more, so buying now is probably a good idea since it may go way up soon.

 

I've sold most of my physical gold and silver already, so I hope it drops big time. My next big play will be to roll over a chunk of my IRA into gold and silver when the timing is just right. You can check out some great gold and silver IRA company reviews here.

 

That's the trick though, right? Knowing when its "just right".

 

Totally. But at the rate they're dropping... You almost can't go wrong, even right now. Nevertheless, I'll wait a little longer and see. Good luck!

 

Btw, I really don't like the 2 options for the vote. I think silver will go below $20, regardless of what happens with Syria.

 

I know, someone else said the same thing, either way silver and gold are very unstable anytime a major world event happens, that is how I should have phrased it.

 

I don't know if we'll see sub $20, but we are seeing over $22 today. It went up a lot. I don't know if it will hold, but it went up about 5% today, which is pretty good for an investment of any kind to do in a year.

 

Sorry, had gold on the brain... I've also been buying up on silver, and given the performance over the past few days, I think it could possibly drop through $20..

 

I wouldn't mind seeing it drop below $20, but who knows? I got three silver dollars for $18.30 each last week, and it would be nice to see say 16 x face again.

 

Well it looks very possible that we reach the sub $20 range by weeks end if this downward trend continues. This economy is so unstable right now that this could actually be a good sign for the dollar if we go below $19. Gold is almost once again tempting to buy if the number gets close to $1200

 

We may drop below today if it keeps up.

 

I've been looking around and there isn't much silver around.