Silver price discussion and analysis

[explod]

Sorry, a day late, busy moving back to the city, with the price drop not so worried anymore.

Larger sample this week of 7 kilos in total. Average ebay AU$35.25oz

AU spot $23.47

Todays prices. So spread about the same but chart is bullish so far.

This assesment only relates to pure silver bars, not coins.

Spot this week AU$23.77 Ave ebay (pure silver, not coins) AU$34.66

Running pretty flat so far.

 

[Ann]

The POS looks as though it may have a bit of a tumble out of a bearish upward tilting megaphone chart shape. This chart was the daily at the close of last Friday.

 

[howmanyru]

With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????

 

[Ann]

With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????

G'day Howmanyru,

Are you thinking of the 'Averaging Down' theory normally refered to for the stock market? http://www.investopedia.com/terms/a/averagedown.asp

I doubt Silver is a good buy at the moment as Silver tends to ride in tandem with Gold. I can see gold having a short rally perhaps but now that Soros has come out and said gold is no longer a safe haven then it doesn't inspire me to see a whole lot of upward momentum for either metal. http://au.businessinsider.com/soros-gold-has-been-destroyed-as-a-safe-haven-2013-4

Interesting to watch and see what happens.

 

[john12]

With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????

nothings a good buy while price is still falling, i havent bought any silver in 2 years, and got stung with those, theres certainly value in holding the physical asset, but if you want to make profits based on spot price movements then now is a pretty sad, and nervous, time to be holding it

 

[Ann]

Silver has tipped out of the megaphone and its next stop is? Maybe $19.50 maybe $18.50? Let's see!

 

[Trembling Hand]

Sheesh! What is it call when it makes lower lows and lower highs again?

 

[Boggo]

Sheesh! What is it call when it makes lower lows and lower highs again?

View attachment 52296

A massive opportunity to go long because its a bargain at this price

 

[Trembling Hand]

A massive opportunity to go long because its a bargain at this price

Well with a bounce like that last night it certainly gives you a set up to trade.



Probably first good bar in a 6 months!

 

[explod]

Sheesh! What is it call when it makes lower lows and lower highs again?

Just palin volatile,

risky

and IMV dodgy, only trust physical in ones own hand and one day trade it for spuds or rabbits.

 

[drillinto]

Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to...
Monday, May 20

Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to hawkish talk from Japanese Economy Minister Akira Amari who warned the yen's (FXY +0.7%) fast decline may be hurting the economy. One fails to see the connection but dollar/yen did dive along with silver and Andrew Wilkinson suggests hedge funds short the yen were forced to raise cash by bailing on stale silver longs.

Source >> http://seekingalpha.com/
*****

 

[explod]

I gave up on silver price technical analysis about 5 years ago. It is a tool used by the Bad Guys to sucker people in for the slaughter. "They" can place the electronic price ANYWHERE they want to, at any time they want making timing the market impossible...unless you know what THEY are about to do.

From Bix Wier this morning. And agree, if the paper market is meaningless then so too are the charts.

 

[prawn_86]

From Bix Wier this morning. And agree, if the paper market is meaningless then so too are the charts.

LOL

 

[Trembling Hand]

LOL

Don't laugh this is serious news....................


:

 

[prawn_86]

If I bought silver 3 years ago and want to sell it today, what return would I have made, inclusive of dividends/yield?

 

[Ann]

If I bought silver 3 years ago and want to sell it today, what return would I have made, inclusive of dividends/yield?

On this day three years ago the closing price was 17.90.

 

[sinner]

If I bought silver 3 years ago and want to sell it today, what return would I have made, inclusive of dividends/yield?

~6.3%

 

[prawn_86]

~6.3%

Not much of a return for those holding silver be it physical or paper then is it

 

[>Apocalypto<]

Not much of a return for those holding silver be it physical or paper then is it

yeh but Pawn all those guys sold out on the 28/4/2011

 

[sinner]

Not much of a return for those holding silver be it physical or paper then is it

AUD has eaten into returns for lots of asset classes and their subcomponents. Investing in GSCI over the same timeframe would have returned ~-2%. Copper -6%. investing in a US 10Y bond ETF would have returned about the same as silver. All priced in AUD of course.

Usually the benchmark for investments in FX land is a 0% return, so an XAGAUD trade after cost of carry is probably right on benchmark (with admittedly high volatility).