Stock indexes aren't always a good indicator of movements in metals. The only connection I would count on between the stock market and metal prices would be the industrial demand for metals as a commodity. A bigger factor in Gold and Silver would be the safe haven plays. The USD is up today. While not always the case, but generally, when the USD moves, metals (safe havens) will move the opposite direction. Metals predominantly used for industrial applications like PGM don't always follow this.
I don't consider it "panicking" when someone mentions a change in silver spot price on a bullion related thread. Don't know where the aforementioned panic is originating from. I'm not seeing panic in any form, only mentions of price fluctuations.
I don't know. All I do know is that anytime you can get ASE's for under $20 per oz go for it if you have the extra cash.
Silver is heading to the price range where even when an ASE is under $17.00, people will hesitate as they are concerned it might go a dollar or two below that. It is of little concern to bullion dealers as they do not just deal in physical like almost all here, they can contract on the paper market to replace their supply at the lower price also. If you buy from now on as it heads down, put it into a jar and label Sell @ 2.25 higher than you pay and wait. Eventually it will come back and you can sell it for a nice gain %. That is investing. If it never comes back, at least you will still be a hoarder and will be happy anyway Jim
I think we should rename this thread "Platinum getting crushed today" as right now down 12.50 as a matter of fact Palladium has moved in to the third spot behind Gold and Rhodium, for a long time Platinum was always $50 or better, times are a changing !
I have a feeling silver will be going down, With all this strong dollar, treasury Yields, Speculation.
It went down in silver grams and up in gold grams. Silver and gold do not always move in complete sync. It is also possible for the dollar to go down in silver grams and for the Euro to go up in silver grams. World markets are unpredictable. If they were not then everyone would be a billionaire and it would cost $1m to buy a cup of coffee.
Dollar valuation changes compared to other currencies, ie, FOREX - Foreign Money Exchange based upon a bunch of national economics. Then of course, the Silver/PM charts go beyond the time they are officially traded in the US and go to world markets. Thus PMs vary throughout most of the 24 hours.