greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,490
- Reactions
- 4,585
Outperformed gold which was interesting. Perhaps the industrial use of silver is giving it an edge.
Could be. The fundamentals for silver have been strong for some time now with soaring demand and supply deficits. I think silver has been held back for a long time and over the next few years will move higher as mining production and refining costs increase due to higher inflation.
I'm firmly in the silver supply squeeze camp with supply being unable to keep up with demand and that imbalance driving the price higher.
How do we best trade it?
We have hardly any silver stocks on the ASX, silver is mostly a bi-product from multi metallic deposits, even overseas. I've got a stash of silver coins from the Mint but it's easier to just drive a computer. ETPMAG?
View attachment 171071
Added to the watch list, thanks.When I see the silver price approaching support, I'll go long on PSLV with a reasonably tight stop. I'm not sure if PSLV is the best way to trade the silver spot price but I like the security of it and it does the job.
Could anyone whose barber mentioned silver post it, we might need to sell quickView attachment 171215
Oh, oh!
Is the magazine cover curse about to bite? Given the date (2 Feb.) possibly been and gone?
jog on
duc
Analysts at ANZ Bank recently said they expect central bank gold buying to remain hot for at least the next six years. According to these analysts, "Depleted trust in the U.S. fixed-income assets and the rise of non-reserve currencies are other themes that could support central bank gold buying."
Silver is holding up well but is struggling to break through US$24.50 with any conviction.
Yep, starting to get a small inkling that this is sustainable.Silver price up around 12% since 28 February. Unlike the spike in November, this move feels like there is some substance behind it. No retraces of any note so far with the buying pressure remaining constant. Some resistance up ahead but if silver gets through US$26.50 it will be just blue sky ahead.
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