Where is the price of Silver going?

[fullautovalmet76]

My belief is selling in this market is a very good idea. But I caution anyone wanting to buy though. Look at the price history of silver. It is more volatile than gold. The reason is silver, unlike gold, is used extensively in manufacturing as well as its use as a hedge for inflation and currency fluctuations. There are more things that can affect silver's price and when it is negative silver drops like a lead balloon. Just be cautious and buy only what you can realistically have 50 percent of its value cut in the space of a few weeks.

For me, I'm sitting on my supply right now and will only buy a little when there is a correction. In other words, I believe there is more downside risk than upside potential the higher the price goes.

Here's a web site that tracks the price of silver:
http://www.kitco.com/charts/historicalsilver.html

Oh one more thing: You know it's time to get out of the market when "Jim Bob Fudd" at the local range leans over to you on the line and says he has bought silver instead of ammo or a gun. You know then the show is almost over.....

[tombogan03884]

Silver will continue to climb, the Chinese Govt recently started allowing its subjects to buy silver legally.
Remember what happened to Titanium when they started buying it .

[tombogan03884]

That's why Ti framed pistols disappeared from the market, it would have been less expensive to make them out of Gold.

[Big Frank]

1 oz Titanium coins from the US Mint have been more expensive than 1 oz gold for as far back as I can remember.

I never heard of a titanium coin. They made platinum coins and they're expensive.

[david86440]

I never heard of a titanium coin. They made platinum coins and they're expensive.

You are right.

[Sponsor]

[fullautovalmet76]

I'm not a prophet and I'm not really that smart either. I just happen to have been trained and studied in this area for over 25 years. Here's some timely anecdotal evidence:

http://www.bloomberg.com/news/2011-05-06/silver-set-for-worst-weekly-drop-since-1975-as-investors-flee-commodities.html

Please see my earlier post on silver and its volatility. Please be careful...

[david86440]

My last coins listed on eBay ended Sunday night and I did really well. I had a gut feeling not to list any more coins this week.
i think I went from "selling a little" to "sit on it".

I may be buying if it goes much lower.

[fightingquaker13]

Look its a bubble.Like any bubble, the question is when to get in and when to get out. I sold mine 2 years ago. I would have made more by sitting on it. Still, I could have waited till next month and gotten screwed. Its like real estate. I sold my grandad's house six months too late and took a bath. If I'd sold earlier, I'd have made 30% more. Its just the way things work. I'm with Full Auto. I would not buy more and would think about gradually divesting some. Gold and silver are both grossly over valued now unless things totally tank. If they tank too far, they will be worthless compared to barter goods. FWIW.
FQ13

[Tyler Durden]

I'll let you financial whiz kids take a look at this page:

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=3&dy=5&id=p29190642715&listNum=1&a=233422233

and try to explain to me...errr...us...and explain to me...errr....us... yeah, us, what that chart means.

otherwise, it's like all greek to me.    

[fullautovalmet76]

I'll let you financial whiz kids take a look at this page:

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=3&dy=5&id=p29190642715&listNum=1&a=233422233

and try to explain to me...errr...us...and explain to me...errr....us... yeah, us, what that chart means.

otherwise, it's like all greek to me.    

Not into technical analysis....