Archive for the 'Silver Prices' Category

The price of silver, which peaked at near $16 an ounce back in November of 2007, a high not seen for over 20 years, is headed back to $16 as the dollar weakens and precious metals become the safer investment to preserve your capital.

Silver has had an impressive run over the past year, doubling in price and reaching those highs but has leveled off for the past few months as America tries to determine just how bad the subprime problem is.

As stocks retreat among this economic uncertainty precious metals, oil, and other companies dealing with the production of both become the best bets for making a few dollars. The ETF SLV has become a great little investment for some as it follows the price of silver and has reached an all-time high on these latest prices. Buying it is as easy as a stock and gets you into the game without having to buy silver off of your local pawn shop.

SLV is climbing, jumping nearly $3 today. Silver is slowly regaining it’s strength, almost back to highs seen over a year ago. Will it continue to rise as the economic outlook in the US remains unstable?

Well, I don’t really know if the economic outlook in the US is really that unstable. Some people say it’s just fine. But I do know that the price of silver has been rising and that is always a good thing.

As we’ve mentioned before. You may want to check out the ETF SLV which could mitigate some of the risk of owning straight silver bars, or invest in some silver mining stocks whose prices might not but fully affected by the price of silver.

Oil dropped to $59 a barrel today and it seems as though both gold and silver have been following suit.

Silver has pulled way back from it’s month to month high of $14 down to $12.50 today and looking to continue the downward trend.

For those investors feeling silver, gold and other precious metals will get out of this funk and rise throughout 2007, now may be the perfect time to buy into the metals. One of the easiest ways to get into the previous metal world and buy silver is by buying a share in the exchange traded fund, SLV.

SLV is a great fund that will allow you to buy a share that is completely backed by silver. Silver that is stored in a vault and is added to and taken away from as the fund managers see fit and as investors buy more shares of the fund thus driving the price up.

Silver moved about $14 a Troy Ounce early this week.

This is the first time in months the precious metal has advanced past $14. Silver has been on a steady climb ever since the beginning of the Holiday shopping season. Is it coincidence? Unsure as of yet.

But the shaky feeling investors are getting because of lower than expected early shopping results could have something to do with it. Either way, there is possible money to be made in the precious metals sector with the price of silver, gold and platinum all see an incrase in their per ounce price.

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

Silver just crept up over $13.00 and ounce today in worldwide trading.

With a $0.04 jump up in silver per troy ounce, silver now rests at $13.10.

With trading closed today, we’ll have to wait until tomorrow for the silver iShares fund SLV to show a jump in trading and boost they’re shares up more.

technorati tags:Silver, Prices, SLV, Bullion, Troy, Ounce

In a recent article by Theodore Butler over at SilverSeek.com he stated many facts based on his previous bullish look at silver and other commodities prices that make it seem like we should take his newest bullish look at silver a little more seriously. He opens the article by saying.

Since I don’t like to beat around the bush, let me state that right now I think silver is a better investment than it has ever been. Yes, I know silver was much cheaper a short while ago. At that time I tried my very best to convince as many people as I could to buy it under $5. Many did and are glad they bought it.

Aside from that bold opening statement he likes to point out that the current price of just over $10 an ounce (close to $12 as I write this) is still way below what other commodities such as gold and oil have done over the past 2 years.
The demand for silver is there, in jewelery, electronics, and ornamentation, silver is still in. And there are more people in the world than his previous bull outlook. About 500 million more people. 500 million more people to look for silver ot be bought.

He also mentions the ETF’s that have popped up for commodities which have increased demand for the world’s silver markets. SLV, the ishare’s silver traded fund has more than 90 million ounces which is still only 70% of what they want to get to at 130 million ounces. SLV has truly had little effect on price which means we could see the demand shown by that fund to increase the price of silver of the next year or two.

To read more about the bullish look at silver and get some good facts check out the article at Better Than Ever - SilverSeek.com

technorati tags:Silver, Investing, Commodities