So it goes way up, and silver doesn't do much.
Silver is approaching a multi year support might bounce
Gold is there:
Silver buyers trying to outsmart the herd are probably wasting their time.
I'll likely buy the silver support, maybe even leave some in long term if it rallies, but not going to have high confidence it starts a bull market.
Just follow the herd of dum dums, only difference is getting out when they get complacent bagholders.
They have been pretty correlated for a while thought. RR is bigger on silver . Soooo... maybe a good idea to try and outsmart the herd this time?
All I know for certain is I want to buy the support if there is a pattern and then I'll try holding since there's a catalyst for going up.
PM dealers in my area dont have enough inventory to meet demand, so they have to raise the premium they charge. All dealers and miners are bleeding losses at these low prices.
Average production cost to mine 1oz of silver is between $14-16.