Silver at $32 how much longer

[coinsarefun]

Till it goes up.......or will it stabilize and go down?

[cpm9ball]

I'm not a financial analyst, but my gut feeling is that it will continue to rise because people are still buying. On the bad side, once the buying slows and profit-taking begins, the price will drop back into the lower to mid-20's. Anyone who is buying now as it continues to rise will either have to sell quickly when the price starts to drop or be prepared to hold onto it for a while praying for a recovery.

I've noticed this "peak & valley" trend going back to when silver was less than $6/oz. It rose to $10-$12, stayed there briefly, then dropped back to $8-$9; then it rose again to the $14-$16 level, remained there briefly, then dropped back to about $12. This cycle has been repeated several times, and most often, the "peak" periods are a much shorter span of time compared to the "valley" periods.

Chris

[walmann]

Long term silver is strong.  Not only considering that production has not been able to meet demand for more than a decade, but most commodities will see an upward trend as long as the Fed keeps running the printing press.

[coinsarefun]

Now it finally broke the $35 mark.......maybe on its way to $40!