Sean Ring called silver a “busted flush” on the Paradigm app’s Daily Feed, noting it was trading under $60 with a possible new downside target of $47. The writer stayed long silver after Sean sold his silver miners around February 9, when silver was $83, and says Sean has been right so far while their time horizons differ. The writer plans to hold precious metals for at least 10 years, pointing to capital gains taxes of about 40% on short-term and 20% on long-term positions, and says some miners are up 3x with about 25% of profits taken. Both remain bullish long term: Sean’s silver target is around $56, while the writer cites Jim Rickards’ $200 target and calls silver a major part of his inflation insurance.
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