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Sprott Physical Silver Trust ET Message Board

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  • buzz60016 buzz60016 Feb 18, 2011 1:10 PM Flag

    pslv busts through all time high

    Impressive move over the past two days.

    Short covering is pushing the price up - too far, too fast. This is fun.

    But note, prices will correct at some point. Next week ? We will see.

    Or will silver head to $40, before the next major correction ? ? ? ?


    Premiums on 1oz coins, continues to expand. Premium on gold coins is also higher.

    Different coins have different premiums. The gold buffalo has the highest premium, indictive of short supply.

    Watch the expansion and contraction of the premiums to lead movements in PM prices.

    ---------

    The US dollar is down, adding strengh to silver.

    Next week, the Euro could fall, due to debt problems, causeing the US Dollar to rise - - -

    A rise in the US Dollar, will put pressure on silver.

    Silver is at a lofty level. The lofty level can even go higher and higher.

    Wild price movements, in both directions.

 
PSLV
6.85+0.11(+1.63%)Apr 29 4:00 PMEDT