| ▲ | zahlman 15 hours ago |
| > Here’s the current price of silver. Not shown on the chart (and which couldn't have been predicted at the time of writing) is today's crash of almost 30% in that price. Speculative bubbles happen. The narrative of people losing faith in currency made no sense, because that should pump the prices of durable commodities as well, if not instead of precious metals. |
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| ▲ | sph 4 hours ago | parent | next [-] |
| By crash do you mean a return to the prices of early January 2026? |
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| ▲ | ActorNightly 10 hours ago | parent | prev | next [-] |
| Once the supreme court decision about Trump went out, I took all of my investments and put into a savings account. When a dip happens, I simply take 10% of the money, buy the dip, then sell when the price hits pre dip. So far Ive netted significantly more than any of my peers that actually do investing. |
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| ▲ | generic92034 5 hours ago | parent | next [-] | | You have explained well how you are determining the point to sell. But how do you determine that "the dip" is now? | |
| ▲ | ghtbircshotbe an hour ago | parent | prev | next [-] | | Obvious problem - stock market could keep going down. Obvious improvement - stop limit sell orders. Obvious flaw in the story - many common stocks like Google have doubled in the past year. | |
| ▲ | raffraffraff 7 hours ago | parent | prev | next [-] | | So if you had a pension mostly in all world indexed funds, you'd switch them over to "boring" investments like cash. | |
| ▲ | 4gotunameagain 7 hours ago | parent | prev [-] | | Interesting. Do you buy indexes, or ? |
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| ▲ | hirako2000 14 hours ago | parent | prev [-] |
| I don't see 30%. Maybe 12% from the very recent top, back to wherever it was just a few weeks ago. |
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| ▲ | zahlman 14 hours ago | parent | next [-] | | https://www.kitco.com/charts/silver There has been significant recovery in after-hours trading, but check out that "day's range". The low point was around 1:40 PM EST. | | |
| ▲ | throwawaypath 13 hours ago | parent [-] | | >There has been significant recovery in after-hours trading After hours has been flat. I think what you meant to say is it recovered a tiny bit from it's regular trading hours low. It's still down over 25% on the day. | | |
| ▲ | zahlman 12 hours ago | parent [-] | | I know it was recovering in the afternoon, but I didn't think it got to ~85 by the bell. Maybe I misremembered. It doesn't help that SLV is close to, but not equal to the price of 1 oz. |
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| ▲ | nofriend 14 hours ago | parent | prev [-] | | it was at 120 and now it's at 85. yes it's back to where it was a few weeks ago | | |
| ▲ | deadbabe 14 hours ago | parent [-] | | Why do people say this… ok so you buy at 120 and now it’s back at 85, no big deal that’s the same as a few weeks ago!? | | |
| ▲ | edm0nd 10 hours ago | parent | next [-] | | yes, that is correct. most people are long on silver and gold. who cares if there was a slight correction. I bought the bulk of my silver in the $20-30 range and am still buying. I bought on the way up, I bought at $120, I'll buy at $85. The price at the time I buy really doesnt matter to me. Only when I sell will it matter. I hope to cash out and buy ~150 acres of land with it to hunt on and live on. | | |
| ▲ | deadbabe an hour ago | parent | next [-] | | So it can just go back to the price it was 8 months ago and stay there, there’s no reason for silver to be so high. The companies using it for industrial purposes get it straight raw from the mines they aren’t buying bullions on the silver markets. | |
| ▲ | hirako2000 3 hours ago | parent | prev [-] | | Which was my point. Unless someone is heavily leveraged or happen to have bought at the very peak, what matters is the rend, not intra day phenomenons. I don't mind getting down voted by leveraged traders who got liquidated. For disclosure I think gold/silver at this point is way overvalued, just the symptom of what this article is all about. |
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| ▲ | chrisco255 13 hours ago | parent | prev [-] | | Clearly very few people were buying at 120 which is why it fell back to 85. It's a highly volatile commodity. Commodities markets go through booms and busts all the time and you never even hear about most of them. | | |
| ▲ | kasey_junk 3 hours ago | parent | next [-] | | Your point about commodities is broadly correct but that was a historic daily draw down in silver as well. | |
| ▲ | eclipticplane 13 hours ago | parent | prev [-] | | My bad. I placed a small buy at around $120, afterward it immediately tanked. Sorry folks! | | |
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