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Stock SLV (silver) thoughts?


Vegasgtr
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So I have begun to take a position in Silver ( its near the 5 year low) from a high of 46. I bought 5000 shares today at 15.59. I have an order for 15.11 for another 3000 and will buy another 5,000 in the low 14s. My thought process is accumulate 15-20k shares and leave it alone for 12-24 months. I really think it will see 19-22 dollars and i can make a nice return on my investment. Before i bury my ass in this anyone have an opinion? Maybe something i am not seeing.

 

a little article may 7th that i tend to agree with...

http://seekingalpha.com/article/3157646-co...d-silver-prices

post-51915-1431404514_thumb.jpg

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I like it ! I have been moving some investments lately and am strongly considering something similar.

Resistance seems to be around 16.01.

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Nice little pop. Never got a chance to load up :(. I guess ill ride out the 5,000 shares.

 

Considering where it was 3 years ago, you've hardly missed the pop. Just average up and get some more if you want more…

 

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Do you like the actual commodity, or are you trading something like ishares / etf ?

I only buy physical silver.

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