Personally, my investment in silver has appreciated by about 60% in less than 9 months. I think that silver still has plenty of potential to move higher but this should be over a longer time frame of years. You could read my other blog posts on the subject of silver and how high I think it could go.
However, silver's price has gone almost parabolic in recent weeks and this is unlikely to be sustainable. I am expecting a pull back to support. When will it happen? Your guess is as good as mine but if it happens, that is when I would buy more.
Although I didn't have to sell any of my investment in silver, I sold some yesterday because I happened to be at UOB which is rare since I do almost everything on the internet these days. So, if the anticipated retreat in price happens, I would have extra money to buy more silver.
I took photos of the transaction slips which show my buy price in March (S$24.26/oz) and sell price ($38.86/oz) yesterday:
Silver is going higher in time but it will most likely climb a wall of worries and I would buy on pull back. I believe in having more silver in my investment portfolio.
