TSXV:SLX.P - Post by User
Comment by
tracker11on Apr 25, 2011 11:59am
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Post# 18483172
RE: All silver stocks are down
RE: All silver stocks are downFar too much volatility in silver today. From a low of $45.64 to a high of $49.82 and that in itself is crazy for silver. I have never seen such fluctuation. Although at the moment silver is up about $1.10 this instability is, what I believe, causing the sell off and which may turn into a correction for silver.
Let's face it, the US dollar will eventually rebound sometime in the not too distant future. They will get their act together and control their debt. Gold and silver will correct and those holding precious metals will end up with less profits. It's happened before and will happen again. Just like the auto industry, economies are also cyclical.
Just my opinion.
Tracker