How Low Will Silver Go?

Silver started its much-anticipated pullback over the weekend. In this video, I look at how low silver can go, and how it might surprise you.

All the best,

Sean

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P.S. Ever since last week’s announcement about our new sovereign debt ratings the action on Martin’s blog has been hot and heavy. It’s clear that our readers are already thinking well beyond simple survival and looking for ways to fight back by growing their wealth. So how about YOU? Click this link to jump over to Martin’s blog and give us your answer to today’s Question of the Day.

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P.S. Ever since last week’s announcement about our new sovereign debt ratings the action on Martin’s blog has been hot and heavy. It’s clear that our readers are already thinking well beyond simple survival and looking for ways to fight back by growing their wealth. So how about YOU? Click this link to jump over to Martin’s blog and give us your answer to today’s Question of the Day.

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Your thoughts on “How Low Will Silver Go?”

  1. Sean, spot-on with your observation.
    Lot of “Profit Taking” took place for those that bought at @ $10/oz, back when you and weiss recommended years ago.

  2. I am a subscriber to Real Wealth. I have not been able to view the videos from Sean Broderick. When I click on view the video I come to your web site which shows a box for sign up for free updates, but no video starts. This is something new and I am frustrated. How do I get to see what I subscribed to?

  3. So,silver is going down unless it goes up or stays the same.That’s what I like about using charts to figure out the short term.Ask Larry how well this works.

  4. Thanks for the silver update. However, I do have a concern with the British Petroleum advertisement. When you support advertising you are signaling an acknowledgement of their integrity and standards. I feel that the BP advertisement was misleading on the condition of the Gulf of Mexiico. I understand that their advertising dollars are powerful and irrestable but it also sends a message about your service.

  5. I also must voice my extreme concern for your BP ad. I may find a new site to visit if I see another one.

    BP’s careless nature in operation has hurt many, many people in the Gulf of Mexico. I for one have family who ran fishing charters in the Gulf until the well blew on 4/20/2010. I have a photo hanging in my office of the explosion mid-burn. It hangs next to the photo of a soldier’s coffin wrapped in the U.S. flag.Both are a daily reminder to me never to forget the lives lost in combat, or due to the BP well explosion/pollution. Please listen to your readers concerns regarding BP ad’s, they have no place on a site like UncommonWisdomDaily.com

  6. Sean – quite frankly , I hope silver drops back down to $25 or $30 per troy ounce , so that I can swap my profits on platinum , and jump on silver , like a pack-of-dogs-on-a-3-legged-cat…. Regards , …. Frank K . (N.Va.)

  7. Can’t read the numbers on your chart, even if printed out. Please make them a little bigger.

  8. Sean, please git rid of those very annoying pop-up ads. They are a major distraction and impune your intelligence. If you can’t resist the ad income, at least give us a switch to turn them off immedialtely! Thanks

  9. BP ad did not run when I visited, it was Chivas. I don’t think they control the advertisement that plays. I think a ad company just buys space.

  10. how can you believe a word these guys say when they never talk about the true reasons why silver dove 12% in 9 minutes sunday night. Its because your government is in there trying to pound them lower. Thats what corporatist fascist governments do, they manipulate markets by raising margins and naked shorting.

  11. Sean, I did not get chance to sell my SLW, HL,and EXK, after I read your news letter it’s already late, now I am stand on the top of the mountain. this morning SLV was $38.02. please let me know if $37 is the price to get in.
    Thank you.

  12. I am not sure how the ad’s run, but I apprecaite not having to stare at a BP ad anymore. A big thank you for that! ALso thanks for the outlook Sean, this pullback is looking nice and attractive.

  13. Silver @ 37.54 as we speak!!…I jumped the gun and bought on Monday @ 44.90 much to my regret as if I waited it out I would have been able to buy more. In the long run it doesn’t matter what I paid for it as the dollar and the rest of the fiat paper money crashes but it would have been nice to have been able to afford to grab a little more…tomorrows payday hopefully I get invest again while the price is right. Hell I remember it being around $18 last year around this time..Can you imagine what it will be like in May 2012!! Good luck with your future investments in this volatile World and Market!!

  14. I bought 130 ounces of AG at $41.15. I think in the long run it is a good investment but hard to stomach seeing prices tumbling like crazy as they are. Right now, silvers at $34.50 with what seems like no slowing down of its freefall. You said buy at $40? How bout $30 now? Maybe $20? Hell why not $10? When will this madness sell off end? I know nobody really knows but what is the best guess at the long term prognosis of AG? Anyone?

    1. The silver market is very small and easily manipulated by the big guys going short in order to shake out the weak little guys going long. Multiple margin hikes in recent times have exacerbated this situation. It’s healthy for the longer term price of silver that this correction/pullback takes place now rather than a parabolic bubble. What you might learn from this is that you can reduce your risk by “dollar-cost-averaging” into any market that is volatile – perhaps half at $41.15, and half now at $34.50, then your average cost would be lower, and your hopefully temporary loss less. The method doesn’t have to be halves, often it is people’s monthly savings from their paycheck, or perhaps every three months to make a sensible size purchase off-setting buying/selling costs. The same staged approach can be used to exit a market, although you may also be happy to exit 100% at any given price, at least it’s then in your hands. The general concensus is that silver remains in a long-term bull market. Try not to sweat the short-term noise. Hopefully later this year your purchase will look vindicated.

  15. wow, seriously? “long expected pullback”? Your videos in April said no such thing. In fact you were recommending buying precious metals instead of the broad stock market because you were expecting that to crash. Sure glad I didn’t act on what you said. Don’t insult us by saying you were expecting this.

  16. Cy, too bad you didn’t subscribe to my recent “11 Gold and Silver Champions for 2011″ report, where I had subscribers bag gains near the top. I did the same in Red-Hot Global Resources. Since you don’t subscribe to those things, you don’t see the alerts. Like my Red-Hot Global Resources issue of 4/25/2011 titled: “We Could Be Seeing a Short-Term Bottom in the Dollar and Top in Precious Metals — Here’s What to Do.” So don’t insult me by saying the correction blindsided me. I was surprised by the depth of the correction, but I couldn’t predict that the CME would raise its margin requirements 5 times in 10 days. Not all my recommendations for paying subscribers are winners, but the majority are. Sincerely, Sean

  17. Hi Sean,

    If I was buying financial letter subscriptions at this point- yours would be the first I’d pick up. I’ve been a faithful reader of your public stuff since before uncommon wisdom started with Tony, Larry and yourself. I enjoy it immensely!

    That said, I’m just wondering if you guys at uncommon wisdom are aware that your videos haven’t been playable for about 2-3 months now. Are these tech difficulties or are they not available in Canada any longer?

    Confused, Scott

  18. margin requirements by CME and their buddies who shorted silver is the major driver of this pullback but not for long…..no matter what the short sellers are trying to manipulate the silver market they cannot fight against it for long so JPM and friends better get ready for the short squeeze.

  19. Sean, don’t let guys get to you like that. You and Larry and everyone here are very knowledgable and anyone could do well to listen to you.

    Not everyone is correct 100% of the time, if you were you’d be another Warren Buffet and own everything twice! I continue to listen and follow everyone’s advice.

  20. All my gains on oil, gasoline, natural gas, DBC, CORN lost in a few days. The only thing I did right was to sell SLV at 46.2. Time to go back to boring old dividend payers and stop watching these blasted markets all day? What a monumental waste of time and energy.

  21. Sure! you guys have been saying silver will correct since it was $35, so people miss the run to $48. Now buy at $40..well it is $35…does this mean i should mortgage the house and buy at this price? Come on, no one knows where this is heading. It is all speculation and a big scam. If someone knows where the market is heading next they would not need to be selling subscriptions, they just need to invest their own money and get rich. As far as the dollar goes up, commodities will go down. Those that think the dollar is dead, should think again. The dollar has no alternative solution at this point. Europe is hiding below the radar waiting for the economy to fix itself before all its problems surface again. Once the tide is low again, we will see who is swimming naked. And the USA is the largest consumer, and it will be currency interventions to keep the dollar from collapsing. A change in currency reserve is not something that happens overnite! Obama wants cheap oil, election time…well, easy, get a strong dollar and you will get cheap oil! and when the dollar is strong, who the heck wants gold and silver. I prefer to be uninformed than misinformed. Disclosure: I don’t trade silver. And it is funny that some call a 27% drop in a week noise! the long term (3 years) may just be a strong dollar, before it goes to hell when the economy fixes itself

  22. Had people bought PHYSICAL they’d realize they haven’t lost any money. The spot price is one thing, but what you can sell something for is the real price. Look at Ebay and other exchanges, the numismatics and mint coins are going for $6-10 premiums per ounce now. Plus the majority of the physical sellers are sold out of everything. This was simply a manipulated and planned short squeeze. When JPM-Chase ordered up all those shorts in the 40’s you’d have to expect this to happen. They aren’t stupid and rarely lose at this game. For those who understand physical metals are the place to be, this is a blessing that it’s been corrected down so far. For those with dry powder it’s an amazing buying opportunity!

  23. They are trying to punish you for buying physical………alway’s keep your core position and always sell into strength on your trades and you will win everytime,,,,,,,,,I keep telling myself this on all investments.

  24. Hi, Scott. I passed your question along to our technical wizards. They said to make sure you are using the latest edition of your browser and also update whatever video player you are using. The videos seem to be working for everyone else. Without knowing your specifics, there’s not much else we can do. Best wishes, Sean.

  25. Gordon, thanks for the kind words. Did you look at physical silver prices over the weekend? I couldn’t buy physical silver for less than $5 over spot, a wide margin that shows APMEX and others think that the CME is lowballing silver at this point.

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