One guys take. One guy that manages some sort of fund.

The physical silver demand for investment has always been strong, and that seems to change nothing. Having said that, it is about as inexpensive to take physical possession as it has ever been, and my experience is when the price is this low, the spread is usually much higher.

The disconnect for me is industrial demand, and the low interest rate environment not propping up prices more.

I don't believe $19 silver is sustainable, but I also doubt we're going to see a run to $50 any time soon.

So what it means to me is to buy as much silver at this price level as possible. Because it isn't the popular thing to do given the futures prices, and because I do ok when I do the exact opposite as almost everyone else.

This post was edited on 5/9/14 at 8:49 pm

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Posted by LSURussian

Member since Feb 2005

126963 posts

Posted on 5/9/14 at 9:46 pm to Iowa Golfer

$50!?! I just want it to hit $22!

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Posted by cave canem

pullarius dominus

Member since Oct 2012

12186 posts

Posted on 5/10/14 at 12:17 pm to Iowa Golfer

Golfer you are probably correct but for some reason I still think we are a ways off bottom here. I don't think that there is much upside untill this bear stops roaring, who knows. To the poster who asked why so much buying at such low prices. I believe mining capacity was ramped up in the last few years as the price of silver made mining more economically feasable, now that some of the big money is heading out of metals it has created spare capacity or overstock and is on sale to use simple terms I can understand. Either way it can't hold, either the buying slows down or the price rises or some combination of both.

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