http://www.kitco.com/charts/livesilver.html As of Dec 14th, Silver was at 13.76 an ounce As of Dec 15th, Silver was at 12.81 an ounce Kinda depressing, seeing as I bought an ASE on eBay for 13.44 when silver was at almost $14 an ounce. Looks like a good time for me to buy.
I was going to buy some silver yesterday to give as gifts for Christmas, but I got busy and didn't get around to buying it until today.... Glad it dropped....
Seems recent strenght in the dollar and the expectation that the U.S. may raise interest rates next year. Many investors are on the side line right now. others see this as the last great buying opprotunity to buy gold/silver. that is why the call it speculating or gambling. Opions expressed are mine only
Wow: Silver down: $.91 Gold down: $10.00 Platinum: down $10.00 Palladium down: $6.00 Down, down, down.
The silver market is tiny by global standards. The amount of "paper silver" bought and sold in the futures market by speculators is much larger than the actual above ground physical supply of silver. So the price changes can be enormous on a percentage basis, and way out of proportion to what would be expected from normal industrial buying and hedging by miners. When it comes to coins, the best thing you can do is just keep what you have, buy what you need for your collections, and let the long term fundamentals plus inflation work the price of silver gradually upward over the years. The volitility is interesting to watch, but won't be important in the long run.
