Not shown on the chart (and which couldn't have been predicted at the time of writing) is today's crash of almost 30% in that price.
Speculative bubbles happen. The narrative of people losing faith in currency made no sense, because that should pump the prices of durable commodities as well, if not instead of precious metals.
There has been significant recovery in after-hours trading, but check out that "day's range". The low point was around 1:40 PM EST.
After hours has been flat. I think what you meant to say is it recovered a tiny bit from it's regular trading hours low. It's still down over 25% on the day.
most people are long on silver and gold. who cares if there was a slight correction.
I bought the bulk of my silver in the $20-30 range and am still buying. I bought on the way up, I bought at $120, I'll buy at $85. The price at the time I buy really doesnt matter to me. Only when I sell will it matter.
I hope to cash out and buy ~150 acres of land with it to hunt on and live on.
I don't mind getting down voted by leveraged traders who got liquidated.
For disclosure I think gold/silver at this point is way overvalued, just the symptom of what this article is all about.
$15 Trillion gone yesterday
When a dip happens, I simply take 10% of the money, buy the dip, then sell when the price hits pre dip.
So far Ive netted significantly more than any of my peers that actually do investing.