Wednesday, February 20, 2013

Silver update feb 20, 2013

WOW - that is a big selloff in silver.  I mentioned last post on silver we would need a big sell down to meet the 28.50 target.  It took longer than projected (4-5 TDs longer) but we got the sell down.  Looks like we might go somewhat lower.  At these levels though if buying silver and you want to buy $10k -  if I were you I'd buy about $3k worth and hope to buy more  at lower prices.

Here is a visual:


GL - Hiho silver away!!!  Who was that masked man?


Posted by at

2 comments:

  1. InletFebruary 21, 2013 at 2:25 PM

    2-21: silver may be setting a short term bottom, if so it should set a new low later after a move up into the end of Feb or early Mar...

    ReplyDelete
  2. commoditytips.comMarch 5, 2013 at 10:25 PM

    Silver market price is too much down. Bcz Budget has been declared and It effected on silver market. So If You want to invest some money in silver then don't worry about the risk. I think that it is right time for investment. Market Will be up after the ending of the financial year then you will gain lot of profit on your investment Or You can get advice from financial experts.

    Intraday Tips
    Best Regards,
    Gurleen Singh

    ReplyDelete

Subscribe to: Post Comments (Atom)