There are several reasons why investors may choose to go long silver. One reason is that silver has historically acted as a safe haven asset, meaning that its price has tended to rise during periods of economic uncertainty or market volatility. Another reason is that silver is a valuable industrial metal, with applications in a variety of industries, including electronics, healthcare, and solar energy. As demand for these industries grows, so does the demand for silver. Additionally, silver has been shown to have some inflation-hedging properties, meaning that its price may rise as the purchasing power of fiat currencies declines.
However, there are also some risks associated with going long silver. One risk is that silver is a relatively volatile asset, and its price can fluctuate significantly in the short term. Another risk is that silver markets can be less liquid than other asset classes, meaning it may be more difficult to buy or sell silver quickly without affecting the price.
Overall, going long silver can be a good investment strategy for investors who are looking for a way to diversify their portfolios and hedge against inflation. However, it is important to carefully consider the risks involved before making any investment decisions.
However, there are also some risks associated with going long silver. One risk is that silver is a relatively volatile asset, and its price can fluctuate significantly in the short term. Another risk is that silver markets can be less liquid than other asset classes, meaning it may be more difficult to buy or sell silver quickly without affecting the price.
Overall, going long silver can be a good investment strategy for investors who are looking for a way to diversify their portfolios and hedge against inflation. However, it is important to carefully consider the risks involved before making any investment decisions.
Comment:
waiting for a spike . may reverse soon . then we can buy this
Trade active:
im long with sl @ 22.76
Comment:
im doubling down on my longs with a stop loss below recent low
Comment:
who else is riding this upward along with me . let me know in the comment section
Comment:
I added another 100k to my longs
Comment:
hodl
Comment:
I have a buy order at $22.68. I will be happy if this come down lower .
