SierraWhiskyMike

Yeah it's a hard year to work out what to do with "savings"/investments. Stocks seem to be up, despite economies suffering; silver has shot up but is now resting on what's probably fair value - but in recent history it has traded at a discount, so do you want to buy more right now?; not the ideal time to start new businesses; cash savings are clearly ridiculous; bond yields are poor and potentially looking at negative real yields; gold is at a high; crypto isn't properly established as an asset class just yet... What do you do?
Crazy times! 

Yeah it's a hard year to work out what to do with "savings"/investments. Stocks seem to be up, despite economies suffering; silver has shot up but is now resting on what's probably fair value - but in recent history it has traded at a discount, so do you want to buy more right now?; not the ideal time to start new businesses; cash savings are clearly ridiculous; bond yields are poor and potentially looking at negative real yields; gold is at a high; crypto isn't properly established as an asset class just yet... What do you do?
Crazy times! 

I'm done buying basically for the year unless the bottom falls out and I've got no plans to sell Its just fun to watch it shift so violently 

Quite possibly but there's also funds and other bigger investors who will be rebalancing their portfolio positions, which is pretty normal whenever an asset goes up in price significantly. For example, if a fund specified 10% in commodities (e.g. PMs) and the new price rises took it to 12% it would need to sell off the 2% to comply with the fund manager's mandate. This is especially true if their equities position has taken a pummeling from the coronovirus price drops in March, which will amplify these kinds of imbalances.
Could also be that the gold:silver is low enough that some investors are cross-decking over to gold. Not the worst idea really if you're holding over 100 Troy Oz of silver: you can convert some while still holding a decent silver position for future gains.
You could be right of course but I suspect that a lot of it (based on the swathe of negative forecasts for global economies recently) is more likely to be asset shuffling than cashing out.

People have been predicting the end of the world and the arrival of a New World Order every day of my life , (all 55 years of it), and for decades before. We are told to believe there are puppet masters pulling strings to bring this about. Sorry, but its all a fiction. Humans are just not that good at keeping secrets or putting together long term plans. In fact we're useless at it.
Everything you see today is because the human race is a selfish beast, and because we cant organise a piss up in a brewery, not because of the machinations of an evil overlord. You give the human race wayyyyyyyyy too much credit.
I know that world of PM stacking is conspiracy central, and I know I'm in a tiny, tiny minority that frequent this site, but having been obsessed with and researched conspiracies and other similar topics for over 30 years, this is the conclusion I've come to. 
oh and for the record, pandemics have been around since recorded history began, so to think the world being in lockdown is new, shows how little people know about history. Personally I loved the conspiracy stories that circulated in March, especially the Spanish Flu pandemic being exactly 100 years ago, except for the glaring error in that that pandemic started in around 1916.  
 
However, back to the topic. Silver prices,.......... the world is full of people who believe any old nonsense they can read online, so I think all bets are off when it comes to predicting market movements with regards to PM's

Well in good news: my fairly new stack is already appreciating.
In less good news: probably coming to the end of the decent buying opportunities for the year.
Mixed blessings?

I already don't like the article I have to say 
"The price of silver has gone up astronomically. It was selling for just about $12 per ounce on March 19, 2020. But, as of July 14, 2020, the price is over $19 per ounce. That's a price increase of almost 60% in less than four months. What accounts for it?"
Totally misleading, it was temporarily down because of a liquidity crisis along with everything else in March, It was $18.60 in Feb
So It hasn't been on a astronomical rise it's been on the recovery, it's gone up about 4% on the year high 
 

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