Silver takes another hit. How low will it go?

[mongo]

Is there a logical reason other than manipulation why silver keeps going down. Im puzzled by this I would like your insights and observations. Any thoughts?

[68Camaro]

Market is favoring the dollar which is going up relative to everything else and traders are selling other stuff to put into dollars (as ridiculous as that sounds).

[brian0918]

There's a whole big world out there. We PM nuts are only a small part of it. People will keep throwing good money after bad... until they can't any longer.

[cupronickel]

end of QE3

[brian0918]

Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.

[93_Confirmed]

Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.

Well said. These fundamentals need to driven home to all the newbie stackers - especially those with weak hands.

[beauanderos]

Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.

The only reason I plan on selling any more of mine (at MUCH higher prices) will be to pay off a few bills.

[silverflake]

Just placed a new order with Provident. Can't beat these prices. As far as trading our PM's for dollars, we need to keep hammering the point that these are not 'investments' like stocks. These are insurance.

Also, I do plan on trading some for land some day.

Keep stacking.

[agnostic]

Paper silver will go much lower so all the shorts can cash settle for lower.