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> 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
by zahlman 9mo 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.
- hirako2000 9mo agoI don't see 30%. Maybe 12% from the very recent top, back to wherever it was just a few weeks ago.
- zahlman 9mo agohttps://www.kitco.com/charts/silver 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 9mo ago>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 9mo agoI 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.
- nofriend 9mo agoit was at 120 and now it's at 85. yes it's back to where it was a few weeks ago
- deadbabe 9mo agoWhy 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!?
- chrisco255 9mo agoClearly 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.
- eclipticplane 9mo agoMy bad. I placed a small buy at around $120, afterward it immediately tanked. Sorry folks!
- DoctorOetker 9mo agoFor clarity: that is sarcasm.
- kasey_junk 9mo agoYour point about commodities is broadly correct but that was a historic daily draw down in silver as well.
- edm0nd 9mo agoyes, 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.
- hirako2000 9mo agoWhich 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.
- ActorNightly 9mo agoOnce 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.
- 4gotunameagain 9mo agoInteresting. Do you buy indexes, or ?
- ActorNightly 9mo agoMostly VOO and others. But I do buy big cap stock as well.
- raffraffraff 9mo agoSo if you had a pension mostly in all world indexed funds, you'd switch them over to "boring" investments like cash.
- generic92034 9mo agoYou have explained well how you are determining the point to sell. But how do you determine that "the dip" is now?
- ActorNightly 9mo agoAnytime it dips due to some announcement, I buy (usually big cap stuff like AMZN, or index like VOO). Then I sell when the price goes back to what it was prior to announcement
- ghtbircshotbe 9mo agoObvious 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.
- sph 9mo agoBy crash do you mean a return to the prices of early January 2026?
- testing22321 9mo agoGold the same. $15 Trillion gone yesterday