NO SILVER LIQUIDITY IN LONDON
(kingworldnews.com)
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It will be a tough battle. I am hoping for a breakthrough of $30. If it retouches $50 or breaks through that and reaches new all-time highs, so much the better for guys like us who have been in the silver market for longer than some of the WSB guys have been alive.
Yeah. Timing is everything, but I don't kid myself into thinking I can call the top and bottom. I'm content to make a reasonable profit. Bulls make money, bears make money, but pigs get slaughtered.
Obligatory statement that I am not a financial advisor and am not giving financial advice.
I expect a midterm(1-3 years) top around the $75 level once there is a post-$50 breakout. Then I imagine it would breakdown to retest $50 as support.
I am a long-term holder who swaps between gold and silver to slowly accumulate both metals, with some platinum and palladium thrown in for good measure. So for me, I pay close attention to the precious metals ratios and how they are priced in other assets (stocks, real estate, commodities) more than their dollar prices. I am heavier in silver now, but will trade out some for gold when the ratio is advantageous. I will eventually convert some into stocks and real estate.
Keep in mind I view precious metals as a way to save and as a long-term hedge more than an investment or trade. My methods for saving, trading, and investing all differ from each other in how long I hold them and my risk/reward levels.
How about you? What are you planning if/when silver hits $65?