Verified Investing on $SLV (Nov 2, 2026)
SLV/silver is a buy-accumulate position: below 50 the speaker is more confident buying, holds a small physical silver position, and would add if it falls to 45, 40 or even 35. He acknowledges further downside if gold drops to 3500, with 45 or 40 possible, while noting today's good bounce back above 50 and an earlier break of 51.
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You are buying an SLV box for silver or a GLD box for gold. Um, if I were to hold onto it for the long term, now that it's below 50, I feel more confident about buying some. Um, again, I still think it could go down further if gold drops to 3500, which represents the maximum possible drop for gold in my opinion.
Ah, we might see levels of $45 or $40 . But again, as a primary position, I acquired a small amount of that physical metal, and I will add to it if it drops significantly to 45, or returns to 40, or even 35, I can increase the position then .
Good. So, this is our current situation regarding silver. A good bounce today and a return above the 50 level. It broke through the 51 level earlier today, but has only pulled back slightly.
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