Comment by zahlman a day 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.
I don't see 30%. Maybe 12% from the very recent top, back to wherever it was just a few weeks ago.
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.
>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.
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.
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.
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.
You have explained well how you are determining the point to sell. But how do you determine that "the dip" is now?
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.
So if you had a pension mostly in all world indexed funds, you'd switch them over to "boring" investments like cash.
By crash do you mean a return to the prices of early January 2026?