Please feel free to discuss and share your thought on the current Silver Market.
A bloody day for silver trader today. Highest since the mega drop in May. Ton of noise surrounding the Debt ceiling news. what does everyone think of the action so far?
Monday, July 18, 2011
The Silver Market
A bloody day for silver trader today. Highest since the mega drop in May. Ton of noise surrounding the Debt ceiling news. what does everyone think of the action so far?
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Silver is up to 40.60 ish today base on the debt ceiling issue surround the US. The final date is August 2nd. There should be a solid news soon which may affect the price of Silver.
ReplyDeleteWarren Buffett and Moodys both suggest to either ignore the debt ceiling issue or take the debt ceiling limit off the table. Very interesting, what you all think if that happens to silver price?
ReplyDeleteI predict silver price to drop right after the final decision of the debt ceiling limit. Hard to see the Obama admin will let the US go on Default. Once the debt ceiling rise after the decision, US dollar will rise, and which will create another panic for silver price to drop until Euro crisis take centre of attention again.
ReplyDeletelooks like after hour the price of silver went up a little. There maybe a bit more rise for tomorrow still
ReplyDeleteI predict the price of silver if it doesnt hit $41 ish, it will drop back down to $37 ish. If it rise above $41, it will continue it rise to $43 ish.
ReplyDeleteI cant wait till it hit that 41 ish target, I can sell some of my hedge for profit and use that profit to short the silver market
ReplyDeleteIs there anyone buying silver coins/bars instead of investing in stocks?
ReplyDelete