is £10.99 oz possible

[craig12]

is it possible to breack through £11     around £11.36 at the moment , reports say theres not much silver left  is that correct, surely the bullion dealers would be saying  "only so many per customer wouldn't they"

[Danny-boy]

I think it's entirely possible.

[craig12]

at what price would you say    nows the time to pile in

[silversword]

I think it's possible spot prices could drop that low, but pretty sure dealers have their own limits built in and will not reduce their prices below whatever stops they have in place. When is the Federal Reserve's next meeting? I think a lot could depend on what they decide regarding tapering asset purchases and interest rate rises. 

[Danny-boy]

at what price would you say nows the time to pile in

None, I spend a set amount each month so I don't have a stack of cash waiting for low prices.

It will just bring my cost average down a bit.

[craig12]

that's interesting I thought all dealers reduced prices as spot dropped  , as a formality

if im understanding this right than   (and I am quite new)  the game is to buy when silver spot price is low  and then order from stg  on disposable money you are able to spend

[craig12]

£11 would be around the lowest for around 4 years 2010 levels

[MAXlMUS]

I am soooo tempted to blow a couple of grand right now.....talk me out of it guys!!

[craig12]

couple of grand  , im looking at acouple of hundred

[MAXlMUS]

But I was going to buy a new guitar....

[craig12]

ey I was going to buy a lancia beta coupe , the guitar will last longer

[MAXlMUS]

I used to have an Integrale...great car and rapid....

[klacey]

The latest trend seem to indicate its very possible. But luckily for me being a dealer I buy all the time. Sometimes I can benefit from the lows, but most of the time my prices get adjusted to match.

[HelpingHands]

Look at this and make of it what you will. 

 

The low last summer in pounds only went down to about £12.10

The low last summer in dollars went down to about $18.54

 

So in pounds we are at a new low but in dollars we are not due to the weakening dollar.

 

 

 

 

 

 

 

 

 

 

[2003dve]

But I was going to buy a new guitar....

I've got a couple of guitars I'm selling soon, what are you looking for?

[Pete]

couple of grand  , im looking at acouple of hundred

Couple of hundred grand eh ?

Lottery winner are you ?

[SilverPirate]

Couple of grand, couple of hundred i am getting up courage to buy an ounce.I wish i went to school more often and got a proper job. 

[Danny-boy]

Couple of grand, couple of hundred i am getting up courage to buy an ounce.I wish i went to school more often and got a proper job.

Lol, every ounce counts and you have a sizeable stack.

[Cointreau]

I haven't bought anything since I've been on this forum. That'll change next week.

[ChrisSilver]

Look at this and make of it what you will.

The low last summer in pounds only went down to about £12.10

The low last summer in dollars went down to about $18.54

So in pounds we are at a new low but in dollars we are not due to the weakening dollar.

silver uk low.jpg

silver usa low.jpg

Yea, on a dollar chart we are at lows.

On a GBP chart we have broken lows. Stronger pound means we get cheaper silver.

[TheBullionBoy]

Totally possible. I didn't think we'd break through £18. Now at £11.35. Shows what I know.

It's important to look at the Gold/Silver ratio too. It's around 67.2 at the moment which is very high. Either the Gold and only the Gold price will crumble (not likely), or prices will rise with silver outperforming Gold 2-3 times as per usual bringing the average to more "normal levels". It's a question of how much pain we can take until that time.