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Why isn't silver going up.
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<p>[QUOTE="ukgoldbug, post: 1249913, member: 18631"]As for the price of silver in general well I would look at the situation and think the price of silver is one thing. But buying it with the intention of being a strong holder - say for a minimum of two years, is something really quite different. The silver price will matter at the time it is bought and then sold. But realistically, in between, what happens to the silver price is less of a concern and instead the fundamentals should be of more relevance. (Is the currency being debased, is silver jewellery more fashionable, are there increasing industrial uses, are there shrinking industrial uses???) They should be what makes you sell or add, if you are "investing," (as opposed to collecting.) </p><p><br /></p><p>As for right now I wouldn't be surprised if silver went through $50, possibly as high as $57 at which point the manipulative forces would be back to drive silver back to $42 or $43. And then allow weak holders to limit their losses with further selling causing a further $10 price fall to $33 by late October, only for silver to gradually start ticking back up. But that is all a guess. The silver fundamentals will have changed little in that time, however. But the price movement will have been an interesting little show, if it happens!</p><p><br /></p><p>If buying, buy the physical (eagles etc.) Don't be tempted to trade with paper. If you don't have it physically, you don't have it full stop![/QUOTE]</p><p><br /></p>
[QUOTE="ukgoldbug, post: 1249913, member: 18631"]As for the price of silver in general well I would look at the situation and think the price of silver is one thing. But buying it with the intention of being a strong holder - say for a minimum of two years, is something really quite different. The silver price will matter at the time it is bought and then sold. But realistically, in between, what happens to the silver price is less of a concern and instead the fundamentals should be of more relevance. (Is the currency being debased, is silver jewellery more fashionable, are there increasing industrial uses, are there shrinking industrial uses???) They should be what makes you sell or add, if you are "investing," (as opposed to collecting.) As for right now I wouldn't be surprised if silver went through $50, possibly as high as $57 at which point the manipulative forces would be back to drive silver back to $42 or $43. And then allow weak holders to limit their losses with further selling causing a further $10 price fall to $33 by late October, only for silver to gradually start ticking back up. But that is all a guess. The silver fundamentals will have changed little in that time, however. But the price movement will have been an interesting little show, if it happens! If buying, buy the physical (eagles etc.) Don't be tempted to trade with paper. If you don't have it physically, you don't have it full stop![/QUOTE]
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Why isn't silver going up.
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