For more than 2 weeks now silver has been pounded into the ground. All those weak hands going long on Silver are being shaken out. The truth is that going long on a paper silver contracts is not the best way to go long on silver. The best way to go long on silver is to buy physical silver and hold on to it.
Silver is taking a pounding
8 years ago in #silver by silverbullion (45)
$1.34
- Past Payouts $1.34
- - Author $1.05
- - Curators $0.30
58 votes
- shaka: $0.22
- pharesim: $0.20
- tamim: $0.17
- twinner: $0.16
- good-karma: $0.12
- fyrstikken: $0.11
- heiditravels: $0.05
- elyaque: $0.05
- steempire: $0.04
- pollux.one: $0.03
- freiheit50: $0.03
- steemperor: $0.02
- gargon: $0.02
- pgarcgo: $0.02
- uwelang: $0.02
- thedeplorable1: $0.01
- beers: $0.01
- jgcastrillo19: $0.01
- titin: $0.01
- fiveboringgames: $0.01
- and 38 more
I think this may be true, only because the paper needs to be taken out. Therefore it's a paradox to go long with paper silver. You would have to essentially eliminate yourself from the equation to get good price action from silver.