Is silver ready to move

jsnip4 asks " Is silver getting ready to make it's move ? ".

He made the video yesterday. Today is Thursday, June 28, 2012, and the EU summit is schedualed to start in the next few hours.

Is silver getting ready to make it's move ?

jsnip4 is basing this vid on news from a silver bullion seller who claims that demand for physical silver coins is up 40 fold from 2007-08 levels.  

Silver Doctor article

If you learn nothing else from watching then at least you will be reminded that trading silver paper is not trading silver bullion. jsnip4 touches on the fact that silver paper which trades at spot price ( forex price ) does not necessarily reflect the bullion price ( silver coin ) price which is always higher and sometimes much higher.

The spot price can go down while the physical silver price goes up.

I said this blag might not interest the expert who should already know that. However most of us are amateurs trying to make a few bucks trading silver and this information is a must know if you dare trade spot or forex contracts.

In February jsnip4 made a similar titled vid.

  Then, he was analyzing information coming out of CME group and how they tend to play with silver margin requirements at just about the perfect time to cause major chaos in the world of forex or spot silver trading. Again margin is only something that would concern you if you were buying silver on a leveraged account. If you already own physical silver this margin requirement issue really can only help you since it could likely send the price lower to a point were you could buy more silver coins or silver bars.

jsnip4 rules and knows what is going on in this day and age. So when he asks " Is silver getting ready to make it's move ? ", then you might just want to hear what he as to say.

Silver today is testing a low just above 26.5 and bouncing back and forth by a few percent. What will the EU summit do to the silver sentiment? We will know in the next few days.