Silver Update: Silver Miners

February 19, 2013 By 4 Comments

BrotherJohnF examines silver’s technicals and whether the metal has finally placed a significant bottom in his latest Silver Update:
Silver Miners


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Comments

  1. Avatar of andrew james andrew james says:
    February 19, 2013 at 6:21 AM

    The price of Silver is off 40% from its 2011 high.  There is real potential for a 60% move towards the upside.   It doesn’t take much contemplation.  Anything below $49.50/oz is a buying opportunity and is only missing the gift wrapping.  

  2. Avatar of Strannick Strannick says:
    February 19, 2013 at 2:12 PM

    Check out US Silver and Gold (T.USA) for a ready to rip junior producer. Lots of high grade being proven up, lots of new production coming online. Im calling this the First Majestic (which I also rode, whoo!) of 2013.

  3. Avatar of Marchas45 Marchas45 says:
    February 19, 2013 at 3:06 PM

    I’ve never dabbled in stocks before and so I tried it about 6 weeks ago so that I could learn. Well I just sold the mining shares that I had and they did good for a while but sold them yesterday which took effect this morning.
    Bottom line was that I lost a little but gained lots of experience and I’m waiting for the time to jump back in with my small amount of Capital.
     

  4. Avatar of Sumkid Sumkid says:
    February 21, 2013 at 6:53 PM

    Silver is around 28.50$ per ounce right now which broke the four year trend line. I also heard that it costs miners about 30$ to produce only one ounce of pure silver due to the price of gasoline so silver’s price should soon go higher or else, mines won’t be producing any more silver which will cause shortages.

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