Monday Metals Pricing 10-22-18
Like many precious metals enthusiasts, I keep an eye on spot price. In this economic climate, the spot prices doesn't really have a bearing on the value of silver and gold, but it does affect the price of the metals.
I don't often have a lot of money I can spend on silver/gold, so when I do, I want to make it go as far as possible. Lower prices = more ounces. One of the ways I try to gauge when to make my buys is by how the pricing swings start out for the week, so I check on Mondays.
As the markets opened, it looked like they might head up, but then got pushed back down. I'm not a financial expert, so I can't explain the technicals, but it seems like if we start a week with silver/gold getting pushed down, that it normally drops more during the middle and comes back up toward the end of the week. I could be wrong, but then again, I don't think the low prices make sense given where the Dollar is at.
Regardless, I'm thinking I'll pick up a few more coins this week. Even if you're buying at $14.65 it's still better than $20.00+. Keep in mind, this isn't investment advice.
Who's buying?
Is anyone selling?
Silver at $14 seems like crazy town!
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Only crazy or desperate people are selling now...
When you talk about buying silver do you mean to buy your collectible silver coins or just buy silver for investment and protect the money?
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you'd be buying more this week no matter what.