SLV

Silver Below $30

December 19, 2011 By evossman 1 Comment

The price of silver continues to fall along with gold as both dip below prices they haven’t seen in over a year. The price of silver is below $30, even $29 as we write this little silver update.

The question every precious metals investor is asking themselves right now is whether or not this sell-off in the market signals a time to load up on precious metals. ETFs, which follow the price of silver, like SLV, have dropped, obviously, along with the price of silver and have made for a difficult time for investors wanting to time the market. Previously there would be a sell-off followed by a tremendous uptick, but we’re not seeing that right now.

Instead, the price of silver is falling quickly as it looks like the economy is headed south for a while. Europe is seeing its banking system hurt and getting worse with no immediate fix in sight. This could mean trouble for a market, the precious metals gold and silver market, that has been propped up due to inflationary pressures and a rebounding market.

But now that the Euro is on it’s way down just the same, we may see trouble ahead.

Filed Under: Silver Prices Tagged With: SLV

How Should You Invest in Silver?

May 22, 2011 By evossman 1 Comment

Investing in silver, the precious metal, used to be tricky business. If you weren’t able to buy futures contracts for delivery of large quantities of silver (or the option for the delivery at some future date) you had to scrounge. Be it at a local Jewelry store, at a pawn shop, or from a friend, finding silver bullion was difficult.

Now, it’s extremely easy. I’ve bought and sold silver from stores, from eBay, and from online resources that sell coins and bars, by the bar, or in bulk, whatever your pleasure. And the price isn’t very much over spot. It all depends on how much you buy, how many ounces that is, but it’s pretty easy.

The first place I’ve purchased silver from and probably one of the easiest places is online at a place called APMEX Gold and Silver. You can buy all sorts of previous metals from them and you can easily use a credit card (which we don’t suggest investing on margin unless you know what you’re doing, and even then it’s more often than not a bad idea.) But I digresss.

APMEX allows you to buy in all sorts of sizes and amounts. You can buy 100 oz bullion bars, 1 oz coins, and many many options in between. Another good idea is just to search buy silver on Google and you’ll find a few of the top places to buy silver. But remember to read reviews on them before you buy, not all are reputable. We’ll try and keep you posted on these.

Another option is to buy silver via eBay. Although this can be a little more dangerous to know exactly what you’re going to get. It’s an option. We’ve sold on eBay before but have yet to purchase silver from a seller. But we like to believe the ratings, especially on those that have a lot of ratings that are high.

Another way to invest in silver is via the ETF NYSE:SLV. This you can buy and sell just like a stock from your trading account online. No matter who you use, TradeKing, Scottrade, E-Trade, etc, they’ll probably allow you to trade ETFs.

Filed Under: Silver Investing Tagged With: SLV

30 Day Look at The Price of Silver

January 18, 2011 By evossman 3 Comments

First off if you want more info on silver check out kitcosilver.com, that’s where we got this screenshot of a 30 day chart of the price of silver from December 20th to January 18th, 2011.

Next, let’s look at this chart. If you’re playing off of what some of my recent commenters have said or the latest news that a slipping dollar is helping the price of gold and silver, then you may think this cart is interesting. How you ask?

Well, with the recent support for the price of silver up around $31, a price now near the bottom of ~$28.40 may signal a reason to buy silver. If the tables turn for the better with a weakening dollar, can’t you hear the optimists say, “Well silver has been at $31, so this must be cheap.”

Now, you can of course run out and buy some silver bars, pick up some fine jewelry or look to NYSE:SLV for a little hope. We grabbed this screenshot from the google finance charts on the iShares stock and you’ll see that SLV looks like a similar buy. Surprise surprise since it roughly follows the price of silver.

Now, if a couple more companies disappoint earnings like they have been we may see some real movement back into the safe haven of precious metals such as gold and silver.

Filed Under: Silver Prices Tagged With: SLV

Tough Day for SLV, Tough Day for Stocks

August 30, 2010 By evossman Leave a Comment

Equities, Commodities, and yes, even precious metals went through a beating these last few weeks and ETFs like NYSE:SLV was no exception. The silver ETF was down today on a day that the DOW droped 140 points, the S&P 15 and the NASDAQ 33. It was truly a tough day to be an investor today, even in the economic downturn safe precious metals like gold and silver.

These metals have usually been a safe haven for those looking to invest outside of the equities and exchange markets that have been on a roller coaster after breaking 10,000 on the DOW early this summer. No one can quite tell where the market will go and that even goes for these types investments.

Although we’re still bullish on silver and other precious metals (yes even gold which has been up way too much even for our taste), this pull back of the market could spell a september just like every other september lately. For those that don’t know, September has historically been a pullback month and a month of crashes (although I’m sure someone can dig up info contrary to that) it’s what we’ve observed lately. Maybe it’s a back to school pullback.

All those parents realize how much education costs and taking money out of equities seems like a good idea. Well if silver follows suit, you may find some buying opportunities in there.

Filed Under: Silver ETF, Silver Investing Tagged With: SLV

Why Investing in Silver is Smart

August 26, 2010 By evossman 2 Comments

Investing in anything has it’s ups and downs and investing in precious metals like silver and gold is no exception to this rule. Silver is a commodity and the price fluctuates just like any other commodity. With the stock market taking wild swings a lot of investors are looking to invest in tangible items that still hold some real world value.

For one, being a precious metal silver is sought after for it’s glimmer in relation to making jewelry and other things of that nature. It’s a status, although small status when compared to gold or platinum, but none-the-less, a status symbol to own and wear things made of silver.

Silver is also used in electronics, although not as widely as other metals. Also, silver is used in industrial processing of many things as coatings and as additives to many processes that the world needs. So the use for silver isn’t going anywhere. And when the use of such a metal doesn’t go anywhere, the price someone is willing to pay for that won’t go anywhere either.

Why do we like silver? Because it’s cheap, relatively speaking. Gold has had a major run up this past year and silver has stayed stagnant. Will it catch up? We’re not sure. But we do feel as though it’s a little safer bet right now than it would be to put your cash into stocks. Who knows where those things are headed?

Filed Under: Silver Investing Tagged With: Silver Investing, SLV

iShares SLV Resisting Downward Trend

June 1, 2010 By evossman 1 Comment

iShares ETF NYSE:SLV is resisting movement backwards, as silver and gold march forwards and upwards along with the rest of the global economy.

There hasn’t been any horrible news lately out of Europe, Korea, or the US, aside of course from that devastating oil spill in the Gulf of Mexico. However, the world economy is on pins and needles as new news of the status of Greece and the rest of Europe hasn’t come to light yet.

Another thing that one would think would have had an impact on the market of precious medals is the fact that Canada, a G7 nation, has raised its target of the overnight rate. Now that could signal a stronger economy which usually means a stronger currency and money flowing out of the precious metals markets. Or it could mean that inflation is finally catching up this economy and there is a need to try a curb it before it gets out of hand.

Either way, the price of silver along with SLV is up today in trading with SLV resisting the 18 mark and hovering around 18.10.

Filed Under: Silver ETF Tagged With: SLV

iShares SLV Silver Trust Moving Higher

May 27, 2010 By evossman Leave a Comment

Investing in precious metals has always been a way to hedge against the woes of the US economy and inflation, especially in turbulent economic times like these. Well many of you know, the iShares silver trust has been the easiest way to do this by buying into the ETF which holds silver reserves for the market cap it sits at.

Well, today and yesterday the price of NYSE:SLV broke through it’s 50 day moving average of 17.60 to sit right now in mid-day trading at just over 18. That’s a big move for the precious metals market which has been out of luck lately as some groups around the world are dumping their gold and silver reserves.

But don’t worry, just as much as those groups are dumping their reserves, groups like SLV trusts are buying up these reserves which has offered some resistance to huge price decreases, so we think.

Filed Under: Buying Silver, Silver ETF Tagged With: SLV

Silver Prices on the Decline Q1 2010

February 4, 2010 By evossman 4 Comments

Gold and silver both have been hit hard. The dollar, in a surprising move is on the way up? Banks are paying back their TARP “loans” and the global economy is questionable. Maybe all that money that the government printed isn’t going to suck the dollar into oblivion.

China isn’t giving the bullish reports (although the china bulls are calling for amazing growth over the past 2 years) there is a slow down on the horizon it would seem. The stock market is falling backwards, the dollar is advancing and precious metals like silver and gold are falling by the wayside.

Just check out this article about SLV and GLD ETFs. They have been slammed along with the price of silver and gold. Once what was on a tear is now on the decline. So what gives?

Could it be that all the hedge funds, mutual funds, and general investing public is taken profits after a rediculous upswing that cause outrageous ratios that didn’t make sense? PE’s that made 10 years down the road, but really, willing to by GE at a PE of 30? Doubtful.

OK, so we exaggerate.

But honestly, with the worldwide economy cooling, is it wise to take your money out of precious metals? We thing not. We think it’s a perfect time to buy precious metals. Prices are retreating all over the place, because the economy isn’t as great as everyone thought it was. Who cares? Why not get in on some deals and buy silver at these reduced rates while China and India prepare for the growth they promise?

Filed Under: Silver ETF, Silver Prices Tagged With: China, GLD, India, Price of Silver, SLV

Investing in Silver as Gold Rises

January 11, 2010 By evossman 3 Comments

Buying silver, as we said last month, for 2010 may be one of the smartest bets you can make with your money. And as we wrote that, silver was around $17 an ounce. Now, just days into 2010, it’s already creeping back towards it’s 52 week high.

$19 is near for the price of silver and if you want to buy silver, now may be the time to do so. With the jobs market still shaky and earnings reports for a flurry of companies on the S&P 500 due out in the next month, you may want to put a little bit in silver to keep your rear end covered.

Gold, although still rising amid recent selloffs, is high priced and difficult for some to get into. Well, silver tends to follow the trend of gold and you may want to ride the wave. Just look at the chart below at how closely silver follow gold. This is a 1 year comparison chart of the price of ETFs, GLD and SLV.

If you think gold is going to rise, you may just want to buy into silver and watch that price follow all the way up.

Filed Under: Silver Investing Tagged With: Chart, ETF, GLD, Price of Silver, Silver, SLV

Price of Silver Sinks With the Market

October 1, 2009 By evossman 10 Comments

The market was down, commodities were down, everything was down. So where do you put your money? Especially if you can’t put your money in precious metals, which are supposed to save you from inflation.

Well, we don’t think the world has gone crazy and decided to take their money out of everything. We think rather, the market is correcting itself. Investors are taking profits from both equities and commodities and we’re seeing a sell-off. But that doesn’t mean you shouldn’t look into buying these.

We think instead, you should think about buying into the market, especially something like SLV or GLD. Both of these ETFs look to provide you with buying opportunities in the coming weeks. Especially if we see another pull-back in the market. What around or get in now, either way, it looks like there might be some dollars to be had in the precious metals world.

Filed Under: Buying Silver, Gold, Inflation, Silver ETF Tagged With: Buying Silver, ETF, GLD, Inflation, SLV