There Is A Reason Why Silver Stackers Are Now Entering A Manic Market Time (What To Watch To Know)

We are in an emotional moment in the precious metals market. Last week I got an email from someone sharing a video of a silver guru predicting that the price of silver is going to go to $500 an ounce in a months. It was an up day for the metals markets so the Youtube algorithm pushed this out.. The next day silver had a down day and I got an email from someone else asking me if it was going to crash, with a reason to worry.

Here is the question they asked:

“What is your view on SLV a lomger term? I know you (and me also) gotten in it much earlier, but where are we going from here?”

“The current pricing looks a lot like 2011, and the SLV stayed down for years. GLD is a little less concerning to me.”

“It is funny because silver has much more industrial demand than gold, yet SLV at this price appears risky to me moving forward. Is it time to take a profit?”

“Also, what is your view on the Gold/Silver ratio in light of recent SLV corrections?”

The silver price action is generally more volatile than gold, because it is a smaller market, easier to move around, and with the smaller price per ounce attracts more speculators. I don’t think the gold/silver ratio means much, at least I don’t see anyway that it is predictive.

Here is what silver did in 2011.