Seasonal Silver Prices
Posted: Fri Sep 23, 2011 7:23 pmI am aware of the margin rate hike stuff going on and the insanity that has followed it, but I was curious about seasonal silver prices and what is in store for the future. I am learning more every day, but one thing I thought I knew was that generally speaking, right around now is when you really see silver take off until some time in late winter when it drops like a rock.
I remember when it went to 50, then to 40, then hovered around 40 and then went up to 44 briefly. Did not take any profits at 44 because I assumed it was that time of the year where silver has its most bullish run. That being said, I plan to buy a lot right now at $31 rather than hope for another Monday price fall...Does this mean I "SHOULD" expect to be able to profit take some time mid-late winter?
I remember when it went to 50, then to 40, then hovered around 40 and then went up to 44 briefly. Did not take any profits at 44 because I assumed it was that time of the year where silver has its most bullish run. That being said, I plan to buy a lot right now at $31 rather than hope for another Monday price fall...Does this mean I "SHOULD" expect to be able to profit take some time mid-late winter?