every argument for silver is positive, a rare multi-pronged bull indication:
1- silver demand is high, price is low, silver is super cheap compared to gold
2 - fiat currencies are printing like no tomorrow
3 - applications for silver are going parabolic, great for fabric to keep sweat away for one, solar +++
4 - my morgan and kennedy coins never looked so shiny
5 - it is a small market, a lot of cash on sideline needs to go to work
6 - we are strong at this support level
7 - too big short interest, going to implode
8 - india china et all bric are getting wealthier they need to buy something and they like PMs
9 - new technology , increasing wealth for all
10 - socialized govts will collapse on debt load via inflation = silver rise
occasionally, picking up physical silver, for now it is EZ to trade the ETFs. there will come a time to sell the ETFs and buy the physical , i.e. the public starts figuring things out this could happen in the space of a few weeks. So have to keep on top of it.
Before a panic occurs the signs will be clear
wild card is the U$D...the dollar is killing on fx....euro and yen going down that means dollar worth more
(almost 83 this morning) so that make silver gold dow in $$, even though technically up in value
think this might be taking a breather short term, wait for SLV to go to 28s and see if it bounces right off of that, if it penetrates down consider taking something off table, if it bounces back up strongly then go all in.
I reiterate - silver is strong not just because of a good day today.
watch dollar and euro and yen succumb to inflation
people like silver , i say buy it now before it gets too expensive
I saw comment s on slive price, which listed 20 reasons for higher silve price. but in rearity, silver price kept low, and could go lower. who has good explaination why silver price is low with all those hype?
It's very simple; the price is being suppressed by the global banking elite with #$%$ firms like JP Morgan taking the lead. JPM holds the largest known concentrated short position in history. They have to keep the price down so they can slowly cover their short at the lowest possible levels. Add to this fact that silver and gold compete directly with the US dollar which is still the world's reserve currency. If the metals go parabolic it is the death knell for the dollar and the powers that be cannot have that happen. The price will eventually rise, but silver will only reach it's fair market price when demand in the physical silver market completely overwhelms the fraudulent paper markets. Use today's artificially low prices to accumulate physical silver. In the long run you will be rewarded.