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<p>[QUOTE="goldcollector, post: 4730881, member: 9088"]Yes of course silver is more volatile. It's super cheap so of course more people buying it. So they get their first of the month govt money and they think the sky is falling, they run out in mass with their govt checks and buy a bunch and the price goes up. Then some of the 700,000 tonnes global stockpile comes into the market and the middle of the month hits so the govt check crowd has to sell and it tanks. Up 14% in one day, down 19% in one day. Too much volatility. The silver crowd calls volatility a bad thing when it hating on $11,000 Bitcoin. Yet Bitcoin doesn't drop 20% in 1 day[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 4730881, member: 9088"]Yes of course silver is more volatile. It's super cheap so of course more people buying it. So they get their first of the month govt money and they think the sky is falling, they run out in mass with their govt checks and buy a bunch and the price goes up. Then some of the 700,000 tonnes global stockpile comes into the market and the middle of the month hits so the govt check crowd has to sell and it tanks. Up 14% in one day, down 19% in one day. Too much volatility. The silver crowd calls volatility a bad thing when it hating on $11,000 Bitcoin. Yet Bitcoin doesn't drop 20% in 1 day[/QUOTE]
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