Other than the obvious "no one is buying it" or "a buttload was recently found in Nevada", any clues why silver prices a sliding down?

Gold is down with it.

What?

This is outrageous. I hear on tv several times a day that demand for silver is going through the roof, that prices are going to go up from these historic low prices for 200% profit, maybe more!

Don’t these idiots watch tv?

The economy is stabilizing. When the economy is stable, precious metals generally drop. When it becomes less stable, or a recession looms, it goes up.

But, but there's a Trade War on multiple fronts and Economic Armageddon is at our door step.

Why buy silver when Bitcoin is trading at a lowly price.

I have a relative who plans to make it big with silver. Most of his theoretical trading is dealing all with hindsite.

He seems to think it’s all there, easy $$$ and profits. I’m sure he’s underwater now. A regular, diversified investment portfolio is much to mundane for him.

Since he’s not quite 30, I suggested the diversified approach, then a little set aside for his interest in precious metals. I guess I’m seen as an old fuddy-dud. Some lessons one just has to learn themselves.

Not many want to buy precious metals when the price is going lower. People seem to only want it when the price is going through the roof.

Sort of like 22 ammo.

Stack it deep when it's cheap. Although, selling physical silver is a PITA and silver ETFs are much more liquid.

Here is a 30 day chart:


Here is a 10 year chart:


Early in 0bama's presidency, I purchased a bunch of silver when it was in the teens and sold my base investment when it was in the low 40s (i.e. Everything I have now is pure profit).

Oh heck, I’ll say it. It’s Trumps fault!
Well, it is, sort of. When the economy is booming and the swamp is being drained, does one really need the stuff?

So silver is almost back to prices of 10 year’s back? Now how did the S&P 500 do over 10 years?




Last 10 Years:
During the 10 years ended March of 2018, the S&P 500 had a rank of 9 with a
return of 98%. The top ranked index during the period was the NASDAQ 100
Index, with a return of 262%. The worst performing index during the 10 year
time period was the CAC 40 Index with a return of 6%.
The median return for the indexes during the last 10 years was 87%. The
average return for all stock market indexes over that time frame was 81%.

All calculations are based on the monthly market close for each index, excluding
dividends.

Supply vs Demand, ie economic conditions.

It’s not rocket science.

More worrisome is the drop in copper. Both are used in electronics. When their prices drop, its best to find out why. It makes no sense.

Copper is widely followed as a leading economic indicator.

Forget about those TV commercials trying to sell you silver coins. A scam. Silver so far as coins isn't a good investment. The silver prices go up and down. When down silver mines often shut down and then reopen when demand picks up. This silver isn't for coins. it's for commercial use and a lot is used in industry. Invest in silver? Yeah, in a good producing silver mine__if you can find one.
Gold is a different cat. Coins are okay. You need a registered gold seller/buyer. If our dollar collapses then having gold, even coins is good. You don't have to buy one ounce ones__that will increase a lot during that time__maybe an ounce can be more of some currency you need! You can buy half ounce coins and even, maybe better one-quarter ounce coins. (different countries) Expect to be charged 1% if buying or selling.

They just closed the last silver smelter.

Anyone told William Devane about this crap?

Investor are RATTLED by the NEWS.... SUPPLY and DEMAND are still driving FORCES behind the ECONOMY...

Click HERE for things they DON'T WANT YOU TO KNOW!!!!

quote:

Originally posted by ChuckWall:
More worrisome is the drop in copper. Both are used in electronics. When their prices drop, its best to find out why. It makes no sense.

Could the fact almost all water lines are now made from plastic or Pex rather than copper enter into it? They probably still use copper for some commercial buildings but I can't recall when I last saw copper going in a new house?
My friend's father-in-law, who had been a plumber, as well as had a small plumbing supply operation for years, passed away. His small warehouse, maybe 30'x 50', was packed full mostly of copper pipe in various sizes along with coils of tubing, and rows of shelving filled with countless boxes of fittings. He said they had asked other plumbers and plumbing supply outlets come over to offer a bid on everything but when they were told what it was they weren't even interested. Last I heard they were thinking of just selling it all by the pound for scrap.

I think silver and gold and now some of the (gasp) electronic coins should be about 10% of your portfolio.

I don't look at it as an investment but more of insurance. Extremely long term, gold and silver are worth about the same amount now as they were 100 years ago. Some are more portable than others.

If I build up a nice nest egg of a few precious metals and pass that along it is very anonymous... I like anonymity.

We've all seen or read about currencies failing. Has there been a time in the last 1,000 years ago where gold and silver were worth nothing? Sounds pretty safe to me.