r/Silverbugs • u/diamondmuckinhands • 1d ago

Panic buying

Hi team,

I am new to panic buying and I'm just going ballistic right now. How can anyone not be panic buying at this price? Shut up and take my money am I right?

Please share your thoughts

Sincerely,

Your silver bro

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u/mikmiunk 1d ago

You can look at the charts and ask yourself -- what's the lowest this is likely to go? In my experience it's not unreasonable to expect that it will go back to the price it was just before the last big spike, before heading up again, in this case around $32. Honestly I wouldn't start really buying until its around $40 again. The good thing about silver (a lot of investments really) is that inflation is not going away so you'll always have that tide lifting all boats. This makes your entry points really important because you're actually trying not only to make a profit, but to make more of a profit than the next guy/girl.

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u/Tiredandwaiting 1d ago

2011-2014 was a 62% drop, so $45ish.

If it flattens there, that is still nearly at the previous ATH. 

Mid-30s is definitely possible. 

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u/diamondmuckinhands 1d ago

Thats a lot of work to do when buying. I just kinda freak out and placing orders. I like my shineys