Silver is taking a little bit of a dive now

[Emperor Findus Cladius]

Down about 50 cents over the past two days.

 

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[Jeffro]

It still has about a month and a half before it really tapers off.... historically speaking. The current run is a false market, driven by gold. The production will meet or surpass the demand late March to early April. May not be a bad idea to dump it at the next spike, though......

 

[Immy]

Whoa, another tumble today! Will it make it back to the $10 neighborhood?

 

[Jeffro]

Hard to tell what it will do from day to day- I have reports for the last twenty years from ICMJ that show that every year, it starts dropping off anywhere from late March to early April pretty consistantly. I believe it will jump back up a bit before it tapers off for the summer. This is not advice- just what I believe will happen based on historical record. I have been expecting this for the last couple of years, but I didn't stick as much in as I would have liked, only 250 ounces.... unfortunately.