Silver investing is what this blog is all about. Buy silver, invest in silver, get into silver! That’s what we say every day. But why do we say that?
Well, it’s not because we have to say that, we’re not analysts, we’re not paid by any of the big silver ETFs, we just like silver! One interesting point that we found in an article over at business 24 - 7 is about one fact.
The fact that silver is the only commoditiy that hasn’t jumped above it’s all time high during this commodity boom. Yes you read that right, every thing else has jumped above it’s all time high but silver. The precious metal silver is behind. And from what we’ve heard (only third hand so do your research) the silver supply is low and demand stays the same or is growing.
So why the low price?
We’re not sure. But it just adds to the reason why you should buy silver.
The dollar inched higher against the Japanese Yen, low against all things European, and the stock market jumped on good earnings by Google. All this spelled a bad two days for gold and silver.
Silver was down nearly a dollar after showing signs of regaining those highs seen over the last few months. However, with the Stock Market looking like it may not be the abiss that many thought it was, we may just see a slowdown in precious metals purchasing leading to lower prices.
Is the commodiites run over? What’s your opinion? I can’t see that happening with the expansion everywhere in the world, the need for silver in industrial processes, and comments like these comments on blog silver how can there be a retreat in prices. There may be a dip but probably not a retreat.
Silver and gold rose today as reports of a weakening dollar and worldwide inflation pushed investors into buying precious metals. Silver, which has been on an upward roller coaster since the beginning of the year, is creeping back up to highs seen last month as the worldwide markets continue to show high volatility.
Silver prices are topping $18 an ounce currently and gold is shooting past $940. The EU reported that it’s nations saw inflation of 3.6% in month of March making the 15-nation currrency rise to $1.5978 against the dollar. An all-time high!
The dollar also dropped against both the British pound and the Japanese yen. The European Central Bank, in charge of the Euro, unlike the US Fed, will work to curb inflation by not lowering interests rates below 4%.
Silver and gold have both been on the rise. Gold is at historic highs, silver is on it’s way there, and the US economy seems to be driving all this madness. So does that mean when the economy gets back on track the world will drop it’s precious metals holdings and leave prices in the dust? Should you buy silver or gold right not?
That’s a very good question. One obviously not many can answer. However, if you look at the world, how it’s growing, you’d have to wonder if the prices of gold and silver would just naturally stay higher. The need for these two precious metals in the electronics industry isn’t going to go away. And with growth being seen in all types of economies, it appears the need will continue to rise putting demand on precious metals at all time highs.
Couple that with all these new investors that are jumping into the mix and you have a lot of potential people that want to buy silver. That might make silver a good buy still or at least a hold, but I guess if you’ve made your profit, you could take it now and wait and see if there are still good points to get back in.
Buying silver can be tricky but still can be a good idea.
The price of silver, per troy ounce, has been dancing around $20 this past week as the dollar continues to weaken and investors look to safer investments for the time being.
The following, pulled from an article on Money.com Jon Nadler, a senior analyst at Kitco Bullion Dealers in Montreal
He says it is “not inconceivable” to see gold prices reach $1,000 an ounce before the Federal Reserve meets on March 18, depending on what sort of economic data is released between now and then.
Gold at $1,000 a troy ounce. What then is Silver’s $1k mark? Is it $20, is it $25, or could it even be going to $30!!!
I’ll put my money on silver settling around $22 a troy ounce by the end of the month. That’s almost doubling it’s price in the last 5 months. As the market gets more and more volatile investors will need safer places to put their money, and with the dollar looking weak and continuing on that trend, precious metals just seem like the right place to go.
In our last article we wrote of the price of silver reaching $18 a troy ounce. $18!
Now silver, in one day, has surpassed the $18 mark and shot right past $19 reaching $19.30 in around the world trading. We here at Blog Silver definitely believe that the price of silver, per troy ounce, will reach $20 and keep on moving. With the price of gold rising rising and rising with no end in sight, silver just seems like it’ll keep on track with it.
Silver is your way to get into the precious metals market without breaking the bank. And if the gold market is any indication of where the silver market is going, silver is definitely on the rise!
Silver, per troy ounce, is up to $18 a share, surpassing highs that it hasn’t seen for more than 25 years. Shares of the ETF, SLV, is up 20% this year to $179 a share. Silver is on the rise following golds all time highs.
We here at Blog Silver have been tracking silver for a while, and have been very bullish on silver both with the dollar declining, and with China expanding with the rest of the world, silver is looking like an easy way to get into the precious metals market. It might be tough to get into the gold market, with the price of gold being over $900 per ounce, silver is much easier being under $20.
With silver being included in a lot of computer parts, and the rest of the world catching up to America in terms of technological advancements, the world will need a lot of metal to keep up with all those advancements. One of those metals, easy to get into, is silver.
It happened, with all this writing about silver heading past $17 and ounce it finally happened. Although it did retreat back below $17 to the high $16 per troy ounce, silver saw 17 and it’s only a matter of time before it creeps back above, or so you would think…
With the economy showing strong signs of not knowing what the heck it wants to do, you’ll begin to people pulling their money out of the stock market and putting it into safer investments. One of those investments, as it has historically been, is precious metals like gold and silver.
With China and other developing nations gobbling up commodities lowering the available supply out there, with ETF’s like SLV making it easier for individual small investors to buy precious metals, one would think the price of silver would rise.
We think it’ll go to $20 soon enough, and if you’re looking for a good play outside of the world of stocks and bonds, you may want to look into buying silver.
The price of silver edged closer and closer to $17 a troy ounce at the close of last week. The world economy is still fairly volatile but the price of precious metals remains a pretty fairly bullish market, continuing the run that started over two years ago.
As earnings come out for several large companies in the US the dollar, and more so the US economy will help dictate if the world still wants to keep it’s money safe in things like precious metals (although not always that safe).
Time will tell if the price of silver can surpass the $20 mark, which doesn’t seem too far fetched as the demand continues to grow around the world in newly developed nations such as China, and with the economy still so volatile.
