I sold all my remaining silver Thursday so it is due for a dramatic increase now. But I'm happy. I'd rather get out too soon than too late.
All of it? eek Silver is definitely getting expensive and it is tempting to take some profits but I don't know if I would have sold all of it. You never know where it might go.
I'll probably sell mine next week Marshall. I figure I've probably averaged about $6.00 in buy price an ounce over the last 30 years, so I'll do o.k. I have 400 ounces, so I'll come out pretty good. I need the money for those pesky bills and every day expenses so I'll be happy for the good return. It may go up to $50 an ounce in the near future, but I'll take what I can get now. Speculation is just that, we don't know what the future holds. I'm not greedy, and will use the good return for some important expenses that need to be taken care of. Bruce
I sold 1/4 of my silver last week and plan on selling some more soon. I agree that the price will rise soon, but it will probably wait until after I sell the rest of mine and then it will shoot through the roof. I agree though that it is time to take some profit, or else you are trying to sell when it is sliding down. Good luck to everyone buying or holding.
I'm considering selling my junk silver off and going in to Platinum before it gets higher. I could cut down on storage space. A 90% bag is equivilant to 11 ounces of platinum (which I can easily carry in my pocket).
I was looking at the ratio of platinum to gold the other day. I think platinum has not risen as much as gold or silver (but haven't confirmed this) so maybe it is undervalued? I think it is sitting about $300 below gold now and about $550 below its high in 2008. Might be a good move, too bad I can't afford it.
Don't know if silver is going into the dumpster anytime soon. I liked the way it performed last Thursday and Friday.
I was ready to sell a decent silver collection last friday but apmex was closed (day after thanksgiving) Glad i didn't went from 26.45 to near 30 at the moment. i dont have bills to pay so ill most likely just hold.
I suspect that the $30 mark will be an important level, once maintained for a day or two, as it would prove that such levels are possible. The conflicting scenarios is that many large funds are holding significant short positions ( legal or illegal) and would like the level below $28-$30, at least until option expiration this month, so they could ( if they wanted) unwind their short positions a little as the more silver goes up, the more it would cost them to do so. The question is my mind is whether they would take the chance of influencing the market with regulators watching? If I was such a group of funds, I would concentrate on manipulating for 1 or 2 days to close out some shorting and then reversing and go with what ever happens. But also, the euro/dollar ratio will be important. If the Euro improves significantly, it will help ( but maybe not accomplish) the increase of silver in USD, and visa versa. Keep an eye on the dollar index Sunday night and before the market opens Monday here in US. It will also help if Ireland doesn't rebel or the Korean war reignites. AIMO. Jim
