Silver

[Garpal Gumnut]

Any time I've invested in silver stocks or silver etf's like SVL or ETPMAG I've been burnt. Looking back at what happened it seems that I invested late after silver had taken off and just before it was due to retrace. When I did I got out it was with a loss each time, mostly small but sometimes not.

Often it then recovered, other times it continued to fall. I believe that I just didn't do enough research as it is really a commodity of it's own, too often linked with gold from which imo it is now completely dislocated. So this post is all about me as a newbie to silver who just doesn't "get" silver.

My reading today suggests that the spot price is being held back by futures traders. As it is an industrial as well as a precious commodity I suppose this could be correct. Every man and his dog seems to suggest it is due to "take off" going from the $30's an oz. to $50's soon. I've heard that said before. Below is an article from kitco.com.

SilverSqueeze2.0 could trigger a breakout for silver that sees prices challenge $50/oz - Analysts

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

gg

 

[Sdajii]

Any time I've invested in silver stocks or silver etf's like SVL or ETPMAG I've been burnt. Looking back at what happened it seems that I invested late after silver had taken off and just before it was due to retrace. When I did I got out it was with a loss each time, mostly small but sometimes not.

Often it then recovered, other times it continued to fall. I believe that I just didn't do enough research as it is really a commodity of it's own, too often linked with gold from which imo it is now completely dislocated. So this post is all about me as a newbie to silver who just doesn't "get" silver.

My reading today suggests that the spot price is being held back by futures traders. As it is an industrial as well as a precious commodity I suppose this could be correct. Every man and his dog seems to suggest it is due to "take off" going from the $30's an oz. to $50's soon. I've heard that said before. Below is an article from kitco.com.

SilverSqueeze2.0 could trigger a breakout for silver that sees prices challenge $50/oz - Analysts

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

gg

Gold seems to be the only precious metal the market particularly cares about in a big way. Platinum used to be the top dog, but it crashed years ago and has tracked sideways since, sitting below half its all time high price. It is nearing the compression point of a multi year symmetrical triangle, I started feeling tempted to buy some, but it just has not at all reacted to gold's massive rally and I suspect probably won't.

Silver used to be seen as gold's little brother, but it isn't doing much either, and increasingly seems to be viewed as more of a commodity metal than a precious metal, at least in terms of price.

Only gold is capturing people's desire, and this makes a lot of sense. We may see things measured in their value in gold, gold standards may be introduced (and even if they don't, speculation that it may happen will boost gold's value) but no one thinks there will be a silver standard etc.

I don't think silver is the next gold, I think it's the next platinum.

 

[Garpal Gumnut]

Thanks @Sdajii . There is a growing consensus that it is more industrial than precious. This makes it more complicated to trade, and to invest in silver producing companies.

I'll keep on trying to get "the vibe" of silver which after your comment makes me think it is a realistic but difficult task.

gg