Next step silver - over $20.00

I cannot disagree with any thing you say, I don't know enough to disagree, I'm a coin collector and not a bullion buyer. I bought silver for the coins because I liked the coins, but one can't discount the silver content. Back a few years ago I did buy a decent number of Peace Dollars in say Fine to low Extra Fine. They were practically give aways even after the shipping and handling. It was truely a no brainer, and I would just buy them when I came across them. If I found some okay, if I didn't no big deal.

Anyway I started watching the silver market, and reading comments by people who make their living writing and investing in silver. I've come away with a few things from all this. In my low grade opinion silver is the hardest thing to make a prediction among coins, stocks, bonds, and gold. I have read so many things that if so and so happened the silver market would react a certain way. Rarely did these predictions come true even though the so and so happened. Look at how many people stated if gold surpassed $1000.00 per ou. silver would do such and such, it didn't. If the most recent jobs report was favorable silver would show a big increase, it was favorable and silver stayed in its trading range.

Here on CoinTalk I enjoy reading the comments made about silver. I rarely comment because again I am a collector of coins that does find the silver market very interesting. But, there is one thing I definitely think I don't see me changing my mind on. If silver reaches the level some predict in a few years we will all be in trouble due to inflation, very low dollar, or the world economy in really bad shape. For whatever reason(s) the scenario will not be good. One other thing is I think silver has a bright future in industry, but that is many years away to have a hudge significant impact on silver's price.

I agree gold follows inflation and the dollar more than silver. There are charts around that clearly illustrate this , but it does do it I think possibly not as quickly as gold.

I am very novice in looking at the silver market. I do see a lot of "off the cuff" predictions that I wonder where they get these from. To me first one needs to actually own some silver, then this market can be really enjoyable to read about and watch.

 

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While this is mostly true of gold, it isn't true with silver. You'll read this sort of stuff on the internet complete with a bunch of gold/silver ratio nonsense. Just be aware that it is nonsense. Silver is NOT the "poor man's gold," It is a different commodity and requires a somewhat different analysis. I like silver a lot, but not because I believe it will react to the same economic conditions in the same manner as gold. I think silver is going to rise no matter what the dollar does. I think gold will move inversely to the dollar and probably a bit more if it becomes popular with speculators.

 

I think you know a lot more than you give yourself credit for. Great post!

 

Mr. Coin Lover,
I also come on the Bullion forum to see who has the latest crystal ball.

I only react/respond when things go out of whack. I think Cloudsweeper has pretty much said it - silver is not like gold. It's way too intertwined with industry, governments, etc. to march to the beat of only one drummer (inflation or value of the dollar or whatever).

Having said all this, I hope all my mushy-looking Walkers, Mercurys and others will be worth a WHOLE lot of money some day

 

silver touch a recent high at $18.40 per ounce in asia. last year high is $19.50.

 

$18.32 as we speak. Will it go higher? Elaine, you're located in the orient. When do the markets open?

 

Markets in Asia are open already, look at the bottom charts on kitco shows when they open and close in red and green type, they open with each time zone

 

$18.18. Thanks Chris.

 

Can't catch a wink o sleep following the global markets

 

I guess now would not be the best time for me to get caught up on my ASE collection. I have quite a few holes to fill.

 

Yes, now everyone knows why all the sellers are selling the 2010 ASE's for so much money. It's bordering on ridiculous. I haven't heard what the US mint charges but it must be the big dollars. Glad to see silver coming up!!

 

silver posted high in asia at $18.69 per ounce. see silver to pass $20.00 this time.

 

silver new current high $18.81 per ounce.

 

today's high:
silver high - $18.86
gold high - $1,159.00
platinum high - $1,589.00
palladium high - $436.00

 

Currently:

Silver: $18.75/oz.
Gold: $1,144.90/oz.
Platinum: $1,593.00/oz.
Palladium: $430/oz.

 

Here's a positive article for you silver bugs....


http://dailyreckoning.com/the-future-of-silver-investing/

 

in order for gold to move up rapidly. we need platinum and palladium to keep breaking the current high. so that gold will become cheaper as compare to those two. and soon gold and silver will break their own high.

current high for platinum is $1,624.50. palladium is $455.00.

 

I said this back on the 19th of December. I think the $18.60 resistance is still there and going strong. There is also a lighter resistance at $19.20 and another at $20.00 Once this is passed, there is very little resistance.

 

Currently:
Silver @ $16.08/oz

Gold @ $1,076.20/oz

 

Wow it sure get's quite in here when prices are dropping...
Personally, I think us long term people would be happy as we can get more for our buck when prices are down.