For context, I used to be a follower of several of the silver youtube channels and read a lot here on Reddit for quite a while. Everytime silver went down it was the fundamentals and when silver went up it was it should be even higher. We all get it.
I started into silver shortly before the 2011 runup. We then obviously bottomed out at around 25% of all time highs a few years later then just kind of floated around in the $18-$24 range. I’m starting to think that maybe we are in a repeat of that cycle. It took 7-8 years to cycle down to 25%. For our time now that would mean $30 silver but another 6-7 years to get there. Followed by another few years of floating between $40-$50 until we hit our next rocket up to $200 or so.
I’m at the point now where I haven’t bought silver in over a year. I sold off a few hundred ozs at around $90 to fund other items. Now I’m figuring if I’m wrong on my thinking and silver does touch $90 again in the next few months then I’m ready to level out the stack at 1000ozs and call it a day.
submitted by /u/andabooks
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