Sold Some Physical Silver Again (24 Feb 2026)
I see a potential resistance zone in the XAG/BTC price around 0.0014 to 0.0015, and today, XAG/BTC came close to that target (reaching 0.00139), so I placed a sell order this morning with the bullion shop I frequent. At the same time, I believe Bitcoin's price may be starting to bottom—currently sitting around US$62,940. I interpret today's candlestick as a retest of the selling climax that occurred on 6 February 2026, after which the price might resume moving upward.
There are, of course, no guarantees that my technical analysis will play out exactly as anticipated. If Bitcoin does not bounce from current levels, the next major support I expect it to test is around the US$55,000 region. Similarly, for XAG/BTC, if the current resistance zone of 0.0014–0.0015 is decisively broken to the upside, the next significant resistance level could be around 0.0026—nearly double the current price. Should XAG/BTC reach 0.0026, I would still have inventory left to sell. If it doesn't, I would still be pleased to have had the chance to offload a portion of the silver I had held for roughly a decade or longer. The feeling I have is similar to losing excess weight—a sense of lightness, as though a burden has been lifted from one's shoulders.
When I entered the bullion shop shortly after opening today, I was surprised to find no other customers present (though the staff member who served me noted that two others had already been attended to earlier). With the shop unusually quiet, I took the opportunity to chat with the staff, who seemed noticeably more relaxed than during my previous visits. I wanted to gauge current sentiment in the local physical bullion market.
The staff member I spoke with confirmed that business had been much quieter since reopening after the Lunar New Year (they reopened last Thursday, 19 February, following the two-day public holiday in Singapore), with a significant drop in customer traffic. I asked whether the sharp silver price decline in late January had affected buying sentiment, and they agreed it had played a role. I mentioned that, on prior visits, most customers appeared to be cash-rich individuals aged 60 and above, and I was surprised not to see any of them today. (For the record, just as I was about to leave, a couple in their 60s arrived to collect their purchases.) The staff commented that customers in that demographic were likely caught off guard by the late-January drop in silver prices and are probably waiting to see how the market develops before making further moves. He added that many of these buyers probably didn't truly understand the assets they were investing in to begin with—they were largely reacting to media reports or comments from peers about rising gold and silver prices.
As another sign that FOMO around physical gold and silver may have cooled among the Singaporean public, BullionStar has recently lowered its minimum buy/sell order size significantly—from S$10,000 down to S$1,500. Overall, I surmise that the sudden drop in silver prices in late January scared off many casual or general investors. Chinese New Year also typically involves higher expenses, leaving less discretionary cash available for purchases like gold and silver. It will be interesting to observe whether crowds return to bullion shops once the festive period fully winds down.
Savvy investors are those who dedicate considerable time to learning about the assets they trade—whether through fundamental analysis, technical analysis, or both. Most investors, however, are not particularly savvy: they tend to buy when prices are already high (driven by excitement or media hype) and avoid buying when prices bottom and are not in the limelight. In other words, the majority are always buying when prices are high (since high prices attract media and crowd attention), while more knowledgeable participants aim to do the opposite: buy when prices are low (and when things are quiet, suggesting that the asset is likely to be undervalued) and sell when the broader public recognizes (or overvalues) the asset.
I hope you've caught the lesson that I'm trying to share with you today. This principle isn't limited to gold or silver—it applies broadly to investing. The goal is to identify and acquire undervalued assets through diligent study and research, then sell them when the larger public eventually realizes (or overestimates) their value. Finding truly undervalued opportunities requires a substantial investment of time—often far more than money alone. In that sense, investing wisely in one's own time (through research, education, and patience) is every bit as critical as investing capital.
Disclaimer: This post is for informational and personal journaling purposes only. It reflects my own personal observations, opinions, market interpretations, and trading decisions based on my individual analysis, risk tolerance, and financial situation. Nothing in this post constitutes financial, investment, tax, legal, or any other form of professional advice. Investing involves substantial risk of loss; only risk capital you can afford to lose entirely. The author accepts no responsibility or liability for any actions taken (or not taken) by readers based on this content.
Investing in physical silver and monitoring its value against Bitcoin presents unique challenges and opportunities that I've personally encountered over the years. When I look at the XAG/BTC price charts, spotting resistance zones like 0.0014 to 0.0015 serves as practical signals for deciding when to sell some holdings. It's important to remember that these technical levels are not guarantees but helpful guides to market behavior. From my own experience, holding silver for a long time can feel like carrying dead weight once prices approach such resistance levels. Offloading some inventory can bring a satisfying sense of relief—almost like shedding a burden. However, the decision to sell isn't just about numbers. It also involves assessing market conditions, including silver demand and Bitcoin's price trends. During a recent visit to my local bullion shop, I noticed fewer customers, which corresponds with observations reported by staff regarding lower traffic post-Lunar New Year and after the sharp drop in silver prices in late January. These market shifts often discourage casual investors, especially older buyers who might buy based on media hype without fully understanding the asset fundamentals. The reduced minimum orders at BullionStar from S$10,000 to S$1,500 highlights a strategy to accommodate smaller investors and adapt to cautious sentiment. This change could eventually stimulate demand once market confidence returns. What I've learned through trading silver and Bitcoin is that savvy investing requires patience, research, and timing. Most people tend to buy when prices peak, driven by excitement, missing out on buying at undervalued moments. The real value comes from being able to identify low points quietly away from the spotlight and selling when broad public interest drives prices higher. In practice, this approach means dedicating time to study both technical charts and fundamental factors shaping these markets—such as geopolitical influences, monetary policy, and supply-demand dynamics of silver and cryptocurrencies. This commitment to understanding the assets ultimately helps manage risk and capitalizes on opportunities better than simply reacting to media stories or social chatter. For anyone interested in investing in precious metals or Bitcoin, I recommend regularly reviewing market trends, understanding resistance and support zones, and observing local market activity like bullion shop traffic and sentiment. Combining this with disciplined personal analysis can enhance your investment journey and help you make more informed decisions that align with your financial goals and risk tolerance.
