Silver surpasses 15.00 an ounce

Discussion in 'Bullion Investing' started by danisanub, Aug 13, 2009.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    lol....
     
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  3. Harryj

    Harryj Supporter**


    !!!!!!!!!!!!!!!!! Highest since 2008. Is it time to sell?
     
  4. danisanub

    danisanub Finance Major

    I'd hold on to it for a while, see it go up up up! then sell!
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Firm believer in holdin'....then again I'm a terrible poker player. :D
     
  6. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    It just dropped to 15.09 / 15.13. I am holding out on selling for now. i think 18 later in the year is not out of the question, maybe higher.
     
  7. danisanub

    danisanub Finance Major

    This seems to be a popular opinion, I say once it passes 17.50 there'll be a massive sell off, and it'll go in the 16's
     
  8. TheNoost

    TheNoost huldufolk

    Friday investors will take profits and keep it lower than 16. Maybe 16 by Wednesday though. :)
     
  9. elaine 1970

    elaine 1970 material girl

    last year silver high is $21.30
     
  10. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I agree, if it hits 15.25 ask, you will see it dive shortly thereafter from the quick in and out investor.
     
  11. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    All the people that bought at 21 are praying it gets there again and they will sell as fast as they can. I think the impending change in administration had a lot to do with the price spike, that and some panic.
     
  12. danisanub

    danisanub Finance Major

    I bet by next week it'll be in the 16's, but I don't think this price will hold, I think there'll be one more dip by september. After that, I imagine it'll increase as production for christmas goods and manufacturing demand grows
     
  13. krispy

    krispy krispy

  14. krispy

    krispy krispy

    Ho Ho Ho! Gotta love selling coins around that time of year. :eek:hya:
     
  15. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    If you check the live charts you will notice that the spike to 15.20 happened right when Hong Kong opened. Looks like somebody need to buy and did so in a bit of a panic, thinking it was going to rise all day. It has been slowly dropping since.
     
  16. danisanub

    danisanub Finance Major

    No problem, I actually enjoy verifying my claims!
     
  17. krispy

    krispy krispy

    I like the Aus. Phils. too, either gold or silver, though the smooth edges are a little freaky to me for some reason and their design isn't very high relief at all, too few steps between the design and the fields. :thumb:
     
  18. danisanub

    danisanub Finance Major

    I'm currently in love with the maples, but I hate paying the premium!
     
  19. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Now the price is dropping like a rock. Anybody think the quicky investors are dumping trying to make a quick buck?
     
  20. danisanub

    danisanub Finance Major

    Definitely friday dumpers, wait till next week, it'll go back up by wednesday
     
  21. Yankee

    Yankee Senior Member

    Good luck with that! $900. a ounce might be a while before you see that price! (maybe never)
     
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