Once silver crossed and maintained the 200dma back in early 2016, it moved up 50%. $25-$31 by the end of 2017 anyone?
-TMW
$Silver: An interesting chart.
7 years ago by themaestro (51)
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There is much more interesting things about gold & silver. There is like 500x more "paper silver" on the market than physical silver. But till the stock/bond market is stable, the price of silver will be at ~17usd. When it starts falling, gold will go up quickly, and real silver will skyrocket to 50usd or even more. Oh, btw, I hope silver will stay at 17 so I have time to buy. But it cant last long, I guess theres like 80% chance it doubles before october 2018 and if not the chances will only go up. And by doubles I mean its purchasing power, not usd value.
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You've had lots of time to buy.
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Kind of. I am a bit late on both crypto and precious metals market. I hope I will still make some profit on both though.
Anyway, as I said, I hope silver stays at or below $17 for a year or two, however I believe it is quite unlikely.
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I agree with your thinking here. I am bullish physical silver though.
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