This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Silver price discussion and analysis

Jump to new

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

Running pretty flat so far.
 
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.
 

Attachments

  • silver10may.png
    38.1 KB · Views: 3
With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????
 
howmanyru said:
With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????
Click to expand...

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.
 
howmanyru said:
With the AUD starting to fall, and a low silver price, is this the best time in a while to buy physical?????
Click to expand...

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

Attachments

  • silvertipped.png
    32.9 KB · Views: 3
Sheesh! What is it call when it makes lower lows and lower highs again?

 
Boggo said:
A massive opportunity to go long because its a bargain at this price
Click to expand...

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!
 
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/
*****
 

From Bix Wier this morning. And agree, if the paper market is meaningless then so too are the charts.
 
If I bought silver 3 years ago and want to sell it today, what return would I have made, inclusive of dividends/yield?
 
prawn_86 said:
If I bought silver 3 years ago and want to sell it today, what return would I have made, inclusive of dividends/yield?
Click to expand...

On this day three years ago the closing price was 17.90.
 
prawn_86 said:
Not much of a return for those holding silver be it physical or paper then is it
Click to expand...

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).
 
You must log in or register to reply here.

Similar threads

SS1 - Sun Silver
2
Replies
27
Views
5K
Sean K
Buying and selling physical precious metals in Australia
Replies
11
Views
1K
Telamelo
T
  • Sticky
Resources Rising Stars 2024 Conference Gold Coast
Replies
7
Views
2K
Garpal Gumnut
MHM - Mount Hope Mining
Replies
2
Views
823
Dona Ferentes
SLV - iShares Silver Trust
Replies
4
Views
874
Sean K
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...