Anyone have an explanation for this strange silver graph? I just snipped a picture from the active coininfo.com page. Seems like gold has been well behaved but silver has been jumping up and down every minutes for the last 24 hours.
I think it's normal noise. If the gold chart was plotted using the same scale I'd bet it would show the same noise.
No, it is not noise. I have been using that site for years to track the silver price and I have never seen this before.
I also watch these crazy swings, and traders sell every time it gains a few cents and buy when it's down a few cents. I guess they have there computers set to sell and buy at certain levels. it's really hard to buy bullion when they continue doing this, it effects everything in the numismatic field also. The ETF traders do this to keep there numbers up /w shareholders.
I tried going to that website and couldn't jump to the 1m or other silver chart. It wasn't responding to me. So I have no idea. Maybe a software glitch ?? Or silver glitch. Seems tarnished to me LOL
All I was trying to convey was that if you look at the gold price fluctuations at that detail (in several cent increments) it would look real noisy. The silver chart shows silver fluctuations on the order of a few cents. I've never looked at the minute by minute changes so can't say how it compares to other times. If you looked at the same graph but only showed the hourly price then it would look completely different.
I never use that site for changes by the minute. There rarely is a need for that. If I do want minute-by-minute changes I use http://www.livecharts.co.uk/MarketCharts/silver.php
Scale... Plot silver on the same scale as the gold chart and it would look like a flat line. or... plot gold on the same scale as the silver chart and the extremes would be too large to fit in your browser window without scrolling.
Exactly! The flat part between 17:00 and 18:00 suggests that there was a data gap. Otherwise one would have expected the same fluctuations.
The flat part suggests that the markets are closed 17:15-18:00 daily, as is clearly stated on the graph. As for plotting on the same scale, that is clearly nonsense. What is needed is a percentage change scale, which is pretty close to what it uses.
Once knew a shoeshine shop owner who once told me "Son, buy when it's down and sell when it's up and don't get greedy". That was the only shoeshine shop that I knew of at the time where you could have your shoes shined by a MILLIONAIRE. He took a friend of mine and me under his wing and showed us the in's and out of the Stock Market. He was my good friend and he passed away last year at the age of 97. When he passed the News Media felt obligated for some reason to publish his approximate wealth... It was in the multi of millions and he also owned several restaurants in the City that I never knew about. This guy was humble to a fault and would thank the customers as they tipped him a few cents for the shine. Some of the big shot business men would treat him like dirt and when they left his shop he would snap the shoeshine rag as they went out the door..and then smile..I never knew what the meaning was for sure of the snapping of the rag...but I could guess. He was a great guy and I miss his visits to my home.
Great story, those old timers new what it meant to be broke, and worked extremely hard and knew how to save and respect one another. I also like to listen to those type stories but they are now few and far between.
Rich Kapf...That guy never drove a vehicle that I knew of. He would walk about a mile to work and back home. When I was working the midnight shift I would make it a point to pick him up as he was walking to work around 6 (am) during the bitter cold days and he would say, gee! Al, I was afraid I was going to have walk across that talking bridge again today. There is a bridge rather, several bridges in that area but, he would walk across the one on his street and the wind would blow so hard that you could hardly catch your breath. He named it the talking bridge because he would be talking to himself before he reached the other end. He was a great guy and I miss his visits to my home here in the country. He would have one of his daughters drive him to visit me. I always just happened to have his favorite drink on hand..I don't drink and what I have on hand is gratuities that I had received on the job, what ever I handed him was his favorite...GREAT..GREAT GUY
There is a lot of manipulation after hours with the paper side of silver. You can see large dumps of contracts after hours which in some cases, throws off stop-loss triggers that were set by foreign parties. Further lowering the paper version of silver and pushing the price of these metals down. Eventually, this will backfire when economic issues (market crash, recession, etc...) come into play.
Yes I believe this is really hapening. I wish this practice will stop.It never gives silver a chance to rise to it,s proper values.The miners are hardly making a profit what I gather. WHEN oil rises IT costs the miners more money to operate SO production slows down. These paper trades seem to be JUST a smoke screen to satisfy shareholders of ETF,S.