Man, This Silver Pullback is Getting Interesting... My
- •Hey everyone, Gary Stewart here from sunny Fresno.
- •Hope you're all having a good week.
- •Mainly gold, but I've got a decent stack of silver too, mostly ASEs and some Geiger bars.
Hey everyone, Gary Stewart here from sunny Fresno. Hope you're all having a good week. You know, with my background in agriculture, I've always understood the value of real assets – things you can hold, things that grow, things that just are. That's why about five years ago, I decided to dedicate a good chunk of my IRA, which is sitting somewhere between $50k and $100k these days, into precious metals. Mainly gold, but I've got a decent stack of silver too, mostly ASEs and some Geiger bars. And man, this recent pullback in silver has really got me thinking.
I mean, we had that run-up, touching near $30 an ounce there for a bit, and I was feeling pretty good. I even considered peeling off a small percentage, maybe 5-10% of my silver holdings, just to lock in some profits or rebalance, but I held firm. Thought we might see it break through. Now, seeing it dip back down around the $28 mark, it's making me scratch my head a bit. Is this just a healthy correction after a strong surge, or are there bigger winds blowing that I'm missing? I've been reading some articles about industrial demand picking up – solar, EVs, you name it – which should be a huge tailwind. But then you see the dollar strengthen a little, and the shorts seem to come out of the woodwork.
I remember back in 2011, when silver briefly touched $49 – that was a wild ride, and I was just observing from the sidelines then. Wish I had been in the game! Now, managing my own portfolio, it's a whole different ballgame. I'm not looking for a quick buck; I'm in this for the long haul, protecting my purchasing power, especially with all the money printing going on. But every dip like this makes you question your convictions a little, doesn't it?
So, I'm genuinely curious: what are your thoughts on this latest silver action? Are you folks buying the dip, holding steady, or even considering selling some of your stack? Are there any specific news headlines or market indicators you're paying extra attention to right now that are influencing your decisions? I'm always keen to hear different perspectives from fellow PM investors. Let's get a good discussion going!