Archive for the 'Silver Prices' Category

The price of a troy ounce of silver is remaining around $16 even after the Feds came out yesterday and extremely lowered rates saving a potential disastrous day on Wall Street.

Silver and gold are sticking around and keeping your money in them right now could be a good thing. They hold real value and with the markets so volatile, may be the place to put your money.

Another thing to look at is how China will effect the price of silver and how their use of the precious metal will affect the price of a Troy ounce. With less silver on the market, if China buys and buys, the price should go up because of the need for silver.

Only time will tell, but silver may still be a good investment even at these long time highs.

The price of a Troy Ounce of silver dropped back below $16 today with US markets closed for the MLK holiday. No ETF’s are trading meaning SLV is also stagnant and will most likely see a drop off in price tomorrow when the markets open.

The price of silver was enjoying a few days above $16 while the world waited to see what the US economic outlook would bring. It appears investors from the rest of the world, also trading the precious metal silver, couldn’t wait much longer and the price of a Troy ounce has begun to pull back.

It will be interesting to see what the Fed’s news next week, to lower rates or keep them the same will do to the precious metals sector which usually raises with economic downturn or news indicating such. (Chances of the Fed raising rates next week are slim to none)

It seems as though we’ve written this article before? The price of silver rising as the dollar sinking? Yup!

But it’s true. As America tries to figure out if it’s economy really is in a downturn, or recession even, the dollar will continue to be weaker. This, as it usually does, makes people try and find safer investments for their money while the economy tries to shake out what’s going on.

As has been the case for hundreds if not thousands of years, precious metals hold their value as a medium of exchange. Therefore, people find safety in holding precious metals like silver and thus put more money into them.

If you don’t want to buy silver bars, as sometimes buying large bars of silver and gold can be a bit annoying, you could buy into these through ETF’s like GLD and SLV provided by iShares. These are backed by silver and gold and tend to follow the price of silver and gold pretty closely.

In this time of economic turmoil, you may be able to safeguard your money if you put it into precious metals like silver.

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.