Keeping an eye on gold and silver. Big drops lately.

Might be a good time to grab it cheaply, but on the other hand - how far are [they] going to slam it down lower, and for how long? Any finance fags with insights? I know the technical charts look extremely bearish right now.

A few weeks ago, some anons on here who had never bought silver were panic buying silver because it was a hot topic and the price was hitting $28 (nearing a 5 year high). I cautioned to remember the most basic principle: Only Buy When The Price Is Low, and Only Sell When the Price is High.

Now that the price has dropped 12% (currently around $24.50), this is a better time to consider it. But I personally expect it will go even lower in the short term. Just keep in mind that twelve months ago the price was around $14, as hard as that is to imagine.

Be careful and do your research, and be ready to add to your stack when you are comfortable with the price.

https://www.kitco.com/charts/livesilver.html