Silver Holding over $20 an ounce

Today's prices at opening, holding firm over $20 an ounce.


20.46
20.51
+0.15
+0.74%

 

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Yes it is, and I regret selling some silver at $14. I guess I have an itchy trigger finger!!

 

Silver is still such a bargain at $20 or so an ounce. In my opinion we should keep buying. Even with some minor corrections, it is still (and will continue to be) in strong demand. Compared to gold, platinum, rhodium, palladium, silver is probably the best bet to go with.

 

it is more risky than you let on.

 

I disagree. It has a lot of everyday and industrial uses, and it's demand keeps rising, while it has a finite amount of it out there. Probably only a 10 year supply. Silver, unlike many other metals is used and discarded (not reused). Then, it will really shoot up in price.

 

silver......

it's not reused? i never knew that!

 

there is plenty of silver out there - just melt down all the Morgan's at coin shows

-steve

 

Not to meet the demand in the years to come. Way more silver is used in industry than in coins. Besides Morgan's are only 90% silver, and have to be melted and separated (silver from the copper, etc.)

 

Price dropped to $19.91 at 12:32pm. Still absolutely mazing!

Regards,
S

 

It crashed yesterday.
Is this a correction?
Or the start of the fall?

 

It's at 19.48 and seems to keep wanting to fall.

 

All metals have to be refined if they are not pure before going on the the next item. Silver is reused as I send in thousands of oz of sterling and pure each year to the refinery. They melt it down back to pure and send it to comex where some one will buy it to use in their product. I don't see how you can say it is not reused.

 

Well said.:smile
Silver does not just disappear.

 

I never said silver just disappears. A lot of it is thrown out and not re-used. As opposed to gold or other metals which very rarely thrown out or not re-used.

 

Silver is used in industry almost 15 times as much as it is in coins. A good amount of it does get thrown out and not re-used. Especially in a lot of electronics. Maybe people should read up on the uses for silver, instead of thinking it is simply used for coins or jewelry.

 

Back up to $20.45

 

$35.00 for sure. Beyond that is something to dwell on when the time comes...

 

Any silver that does get thrown out which would actually be a small amount is not recovered due to the cost of recovering it. Silver plated items or the silver in gold and other items like catalytic converters do get recovered when they recover the platinum and the gold.

Yes some silver does get thrown out but you will see less and less silver get thrown to the side as the price goes up. We already see alot more people recovering gold from old computer parts now as it is becoming more profitable.

 

Go baby go

up to 20.78. Nice!

 

the new solder has silver in it, as do many components due to RoHS. this is a huge deal and will drive the demand, but there is plenty of silver to be mined, anywhere they mine gold or copper, there is silver to be had. silver can be found as a free metal and in other minerals and can be smelted out. there is plenty of silver in them thar hills.

-steve