Full Version: Silver
In remembrance for the former silver thread, I thought I would start a new one. Silver chaps?
Link to an article about the 'top' of silver:
http://news.silverseek.com/SilverSeek/1204596000.php
Also another link about buying physical in the UK:
http://news.silverseek.com/SilverSeek/1200926835.php
http://news.silverseek.com/SilverSeek/1204596000.php
Also another link about buying physical in the UK:
http://news.silverseek.com/SilverSeek/1200926835.php
Silver up more than a dollar now.
what a ride!
I think I'm becoming addicted to silver. What do people think is the realistic target this year? People on the kitco forum are talking $100 by early 09. I can't believe we'll see over $25 myself, with much volatility on the way, but I'm not basing that on anything 'tangible'. Any analyst genius with an opinion care to comment?
I think I'm becoming addicted to silver. What do people think is the realistic target this year? People on the kitco forum are talking $100 by early 09. I can't believe we'll see over $25 myself, with much volatility on the way, but I'm not basing that on anything 'tangible'. Any analyst genius with an opinion care to comment?
It's gone off the chart!
Click to view attachment
Doesn't yesterday's correction look very small all of a sudden?
Click to view attachment
Doesn't yesterday's correction look very small all of a sudden?
Went to the silver investment summit in november 2007 - predictions by David Benminson www.polarpacific.com
target price of $2600 for gold by 2014, silver $180 by 2014.
Winner of Best book in the field of Finance/Investment/Economics in 2007 for Polar Perspectives.
target price of $2600 for gold by 2014, silver $180 by 2014.
Winner of Best book in the field of Finance/Investment/Economics in 2007 for Polar Perspectives.
Here's a few more great silver articles;
Why the silver price is set to soar - Moneyweek
The case for silver
Why the silver price is set to soar - Moneyweek
The case for silver
QUOTE (Fortune @ Mar 10 2008, 12:05 PM) 
I am hoping for a pullback in the short term $16-$18 dollars but long term I honestly think we may see $100+. I think while US money supply is in double digits the commodities boom will be one of dot com proportions as we see bear markets in both property and stocks.
QUOTE (FLASH_2007 @ Mar 10 2008, 10:01 PM)
I am hoping for a pullback in the short term $16-$18 dollars but long term I honestly think we may see $100+. I think while US money supply is in double digits the commodities boom will be one of dot com proportions as we see bear markets in both property and stocks.
Do you think the pull back will happen just before the Fed cuts interest rates, or after in May?
we had a big pullback at $14, I can't imagine another meaningful correction until we get a good deal higher. I'll be watching the chart from 2000 and when I see the J-curve really taking hold I'll start to exit. As has been said here before, spreads at the top will be murderous if you try to sell then. Unless you sell privately 
Silver chart:
http://jessel.100megsfree3.com/silver.png
Bearish. Same as gold: prolonged correction in the making. Support at 15.5. and 16.5.
http://jessel.100megsfree3.com/silver.png
Bearish. Same as gold: prolonged correction in the making. Support at 15.5. and 16.5.
QUOTE (Fortune @ Mar 21 2008, 08:25 AM)
Silver chart:
http://jessel.100megsfree3.com/silver.png
Bearish. Same as gold: prolonged correction in the making. Support at 15.5. and 16.5.
http://jessel.100megsfree3.com/silver.png
Bearish. Same as gold: prolonged correction in the making. Support at 15.5. and 16.5.
I don't really understand any of these charts. Frizzers on the green energy investors site said that silver may return to the 200dma which looking at the chart is around $14-$15.
QUOTE (FLASH_2007 @ Mar 21 2008, 09:37 PM)
I don't really understand any of these charts. Frizzers on the green energy investors site said that silver may return to the 200dma which looking at the chart is around $14-$15.
200-day MA isn't on that chart!
It is on this one, though:
Click to view attachment
One point that interested me was the similarity between the above silver chart and the gold equivalent below. Despite silver's drop being quite a bit more significant than gold's, so far at least, they both seem to have dropped to about the same point with respect to their 50-day MA:
Click to view attachment
Maybe there's something to charts after all!
for those who think the recent activity on silver is a pull-back or signal of a top - DREAM ON!
silver is in a completely different situation to any other base OR precious metal. if you dont believe this, try sourcing silver eagles or maple leaves from anywhere in the US or Canada right now. when silver takes off (and it hasn't even started yet), we will see a re-rating of an order of magnitude.
1) demand has outstripped supply every year of the last 15 - and for at least 60 years on average.
2) most if not all government inventories are now depleted.
3) the list of industrial uses grows (including solar panels), now more than making up for the loss from photography.
4) silver is both a precious and a base metal, meaning it's an inflation hedge and necessary for industry.
5) in many industrial applications there is no alternative - eg mirrors.
6) although silver has gone up over the past few years, the rise has been so slow (relatively) over the past few decades because there was always more in government inventories as an artificial supply. now this has gone, the sky's the limit.
I'm sorry i don't know how high silver could go - the recent increase in mining is producing a little more silver than previously, but still not enough to meet demand.
The market will also accept a price of silver many times its current price - eg if an industrial switch (or mirror etc) costs £2 to produce, with the silver accounting for 2p of that, if the price of silver times by 5 to 10p - noone would notice now paying £2.10 for the switch!
As for how to invest, i'd be split between an etf and holding bullion - there's a lot of concern that the etfs couldn't actually meet their silver committments due to a net short position.
like everyone i've said this to - do your own rsearch via google or anywhere else and the answer is inescapable. Good luck.
silver is in a completely different situation to any other base OR precious metal. if you dont believe this, try sourcing silver eagles or maple leaves from anywhere in the US or Canada right now. when silver takes off (and it hasn't even started yet), we will see a re-rating of an order of magnitude.
1) demand has outstripped supply every year of the last 15 - and for at least 60 years on average.
2) most if not all government inventories are now depleted.
3) the list of industrial uses grows (including solar panels), now more than making up for the loss from photography.
4) silver is both a precious and a base metal, meaning it's an inflation hedge and necessary for industry.
5) in many industrial applications there is no alternative - eg mirrors.
6) although silver has gone up over the past few years, the rise has been so slow (relatively) over the past few decades because there was always more in government inventories as an artificial supply. now this has gone, the sky's the limit.
I'm sorry i don't know how high silver could go - the recent increase in mining is producing a little more silver than previously, but still not enough to meet demand.
The market will also accept a price of silver many times its current price - eg if an industrial switch (or mirror etc) costs £2 to produce, with the silver accounting for 2p of that, if the price of silver times by 5 to 10p - noone would notice now paying £2.10 for the switch!
As for how to invest, i'd be split between an etf and holding bullion - there's a lot of concern that the etfs couldn't actually meet their silver committments due to a net short position.
like everyone i've said this to - do your own rsearch via google or anywhere else and the answer is inescapable. Good luck.
Warren Buffet, sold his gold in 2006 I think it was.
What the wise man does at the beginning the fool does at the end.
What the wise man does at the beginning the fool does at the end.
QUOTE (silversliver @ Mar 26 2008, 06:17 PM)
for those who think the recent activity on silver is a pull-back or signal of a top - DREAM ON!
silver is in a completely different situation to any other base OR precious metal. if you dont believe this, try sourcing silver eagles or maple leaves from anywhere in the US or Canada right now. when silver takes off (and it hasn't even started yet), we will see a re-rating of an order of magnitude.
1) demand has outstripped supply every year of the last 15 - and for at least 60 years on average.
2) most if not all government inventories are now depleted.
3) the list of industrial uses grows (including solar panels), now more than making up for the loss from photography.
4) silver is both a precious and a base metal, meaning it's an inflation hedge and necessary for industry.
5) in many industrial applications there is no alternative - eg mirrors.
6) although silver has gone up over the past few years, the rise has been so slow (relatively) over the past few decades because there was always more in government inventories as an artificial supply. now this has gone, the sky's the limit.
I'm sorry i don't know how high silver could go - the recent increase in mining is producing a little more silver than previously, but still not enough to meet demand.
The market will also accept a price of silver many times its current price - eg if an industrial switch (or mirror etc) costs £2 to produce, with the silver accounting for 2p of that, if the price of silver times by 5 to 10p - noone would notice now paying £2.10 for the switch!
As for how to invest, i'd be split between an etf and holding bullion - there's a lot of concern that the etfs couldn't actually meet their silver committments due to a net short position.
like everyone i've said this to - do your own rsearch via google or anywhere else and the answer is inescapable. Good luck.
silver is in a completely different situation to any other base OR precious metal. if you dont believe this, try sourcing silver eagles or maple leaves from anywhere in the US or Canada right now. when silver takes off (and it hasn't even started yet), we will see a re-rating of an order of magnitude.
1) demand has outstripped supply every year of the last 15 - and for at least 60 years on average.
2) most if not all government inventories are now depleted.
3) the list of industrial uses grows (including solar panels), now more than making up for the loss from photography.
4) silver is both a precious and a base metal, meaning it's an inflation hedge and necessary for industry.
5) in many industrial applications there is no alternative - eg mirrors.
6) although silver has gone up over the past few years, the rise has been so slow (relatively) over the past few decades because there was always more in government inventories as an artificial supply. now this has gone, the sky's the limit.
I'm sorry i don't know how high silver could go - the recent increase in mining is producing a little more silver than previously, but still not enough to meet demand.
The market will also accept a price of silver many times its current price - eg if an industrial switch (or mirror etc) costs £2 to produce, with the silver accounting for 2p of that, if the price of silver times by 5 to 10p - noone would notice now paying £2.10 for the switch!
As for how to invest, i'd be split between an etf and holding bullion - there's a lot of concern that the etfs couldn't actually meet their silver committments due to a net short position.
like everyone i've said this to - do your own rsearch via google or anywhere else and the answer is inescapable. Good luck.
I think you present the case for silver very well. And do it without mentioning any relationship to gold. In recent weeks it has shown itself to be more volatile than gold, but I feel that there is more up side potential. Previous posters have quoted gold as going to around USD2/3000, but silver in the USD100+ area, i.e. gold might double or triple but silver might rise 5 or 10 times. So thanks for your post.
As always what goes up can come down, just like house prices, so one must be prepared to move swiftly to protect one's self against loss.
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