Archive for November, 2006

Troy Ounce Silver Price raced past $13 an ounce this week on it’s way to $14.

It is now more of a question of when rather than if silver will break the $14 mark again. In quite spastic trading earlier this summer (2006) troy ounce silver reached it’s highest levels in 20 years. Soaring past $15 a troy ounce. After the quick sell-off that followed that huge bull rally, silver has found itself back on the slow and steady climb that it was undertaking 2 years earlier.

The price of silver is being driven by many things, speculation being one of them. However, a few things that may allow silver to stay on this upward run is the fact that SLV, the iShares Exchange Traded Fund, is stockpiling silver to value against its Fund. And also the industrial booming that’s underway in China. Those two factors may keep increasing demand while supply hurrys to catch up.

Silver remains at the top of many watch lists as a commodity worth investing in and being undervalued.

technorati tags:Silver, Precious, Metal, Gold, Investing

Silver has got itself out to a good early start this week, looking at $13.50!

We recently reported that a troy ounce of silver moved past $13 for the first time in several months, and were elated. But now that it started the week out with a bang, up nearly 50 cents on early market trading, we’re going to be even happier to report when it hits $14 and ounce again.

We’ll be keeping you up-to-date as to why the sudden bull rush up the money tree is happening. Some think because platinum is creeping up on high demand and lower than expected supply us one reason. Or maybe it’s that the exchange traded fund SLV might be looking to add more shares and more silver to it’s stock piles. Or maybe the world is realizing that having money in something solid, like silver, that holds value, is a good thing.

Silver jumped up above $13 and ounce after hoovering in the $12. Last time we reported silver moving to $13 was over 2 months ago on September 4th, 2006.

This coming just after I offloaded 50 ounces that I had to pay for some of my other ventures. I offload them on ebay which is a great place to buy and sell precious metals. You can usually find a great price for silver by digging around or waiting it out. Most times a few quarters over spot price. I’ve written about selling gold and silver on eBay before at my personal blog, but don’t recommend selling for a spot price buy it now as I just did.

Sometimes you gotta free up some cash to make other things happen.

Platinum futures rocketed up today by $42.20 to $1,234.30. Yikes!

Could this be the next big push for metals all around? being bullish on silver means we take a lot of verbal lumps on the head as we try and bestow a semi-impartial view of the silver investing market upon our readers.

The reason as reported by Yahoo! Finance was that industrial demand for platinum in car parts and electronics has given the platinum market a much need boost. The demand is increasing without supply following. The biggest player in this news reporting was the famous Johnson Matthey that said the platinum market would have a 20K ounce supply deficit in ‘06. That’s a lot of platinum needed!

Now it would make sense that where one metal goes the rest follow. A lot of investors out there don’t read the reasons why a certain commodity is increasing or decreasing and therefor just buy or sell on what news sources say the price is doing.

Platinum surges, but gold. Silver tanks, sell it all. Why? human instinct or gullability. Whatever it is we hope that trend continues and that we see that market of silver feel a little love from the Platinum shortage (or useage).

technorati tags:Silver, Platinum, Gold, Commodities, Investing, Money, Finance

Should the price of silver and gold be higher than it is right now. If you talk to many investors they say the run-up that gold and silver have had over the last few years is going to cause the precious metals sector to tumble.

But does that seem right?

Gold and silver both sat around dormant, slowly progressing then receeding over the last 20 years. Demand went up as the tech sector looked to buy more and more. The jewelry market isn’t slowing, although people are shifting weight away from gold and silver to more exotic metals like platinum, theres still demand for it.

With the boom in china, there’ll be more consumers for electronics and jewelry, both utilizing these precious metals. Will the sector continue to rise?

Another reason we see it continue to rise is the fact that there are now gold and silver funds that you can buy. Funds like GLD and SLV both looking to stock pile gold and silver will surely decrease the supply. Doesn’t the price of peanuts go up then?

No matter what way you slice it, gold and silver should continue to advance. Even if the democrats restore peace to the world.

technorati tags:Silver, Precious, Metals, Investing, Gold, SLV

We are a little late in reporting this but we just found a report over at miningmx.com

that says iShares will be issuing 15.2 million more shares of it’s iShares Silver Trust which holds pure silver to value the trust. Symbol SLV on the AMEX.

The fund was started with 16.8 million shares back in April which would mean this move would double the amount investors had to work with. With that, a Barclays spokeswoman said that even though they are going to issue the shares it doesn’t mean they are going to “automatically” buy additional metal.

In theory that would mean the price of SLV would decrease making it easier and more affordable for investors to purchase larger quantities of the turst. Right now the price sits at around $130 which as you can see by the ticket in the upper right hand corner comes out to about 1 share for 10 ounces of silver.

Now being an exchange traded fund the price doesn’t always exactly follow the value of the fund but we hope with this move to make more shares of SLV available to investors, they’ll be able to increase their holdings before iShares decides to increase it’s physical silver holdings.

technorati tags:SLV, Silver, Precious, Metals, Investing, Money

Silver and the precious metals market has seen the biggest highs in the last twenty-five years this year, as well as some of the biggest declines over that same time period. Some say there is an inevitable economic crash coming. Others see only good times ahead.

Jason Hommel over a SilverSeek.com is “Positive we’ll prosper with silver.” As he points out, people in the gold world are pessimists, they don’t think the bullish gold market we’ve been seeing will last. Let alone the silve rtha’s being dragged up with it. Gold is undervalued plane and simple and it’s going up. Silver will only be able to follow suit.

Silver will increase in price, as the dollar weakens, the price of gold will increase as well.

technorati tags:Investing, Silver, Money, Prices, Make, Dollars