"[A]s silver has fallen below $30, instead of SLV holders acting all fearful and rushing the exits, they have been doing a little dip buying instead. For example, in late April with silver then near $30 and threatening to break lower, SLV reported holding 9,552.14 metric tons of silver metal in their London-based custodian’s vaults,' he said. '“Today, as we write, with silver trading either side of $27.00, not far above its $26 implied support, the silver trust reports holding 9,875.75 tons, or more than 323 tons more silver than in April...'"
I'd be a buyer again in the $5-10/oz range.
2 comments:
I'd be a buyer again in the $5-10/oz range.
$8.38?
Yes, that's the ticket.
We could be hoarding PRB coal for $0.50/mmBTU....?
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