Why isn't silver going up.

With all that is going with the economy I find it strange that silver isn't going up like gold has been. Makes me wonder if I should sell or hang on in hope's that this is just the receding of the water before the tsunami hits. I realize with low prices it good for buying but not if it continues to go down. I would like to hear/read some of yor opinions.

 

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Unless you absolutely need the money, I would suggest patience.

 

It is going up. I was buying Peace dollars for $12-$15 in 2006. They are now going for almost $40.

 

Silver prce on 37 dollars!

 

It is an industrial metal.

 

I realize that, heck I started buying at $16 an ounce, What I mean is, is with the recent happinings I would expect it to be going up more not down like it is. It isn't spiraling down but going down bit by bit. Bin Laden is assasinated and we see almost $50 an ounce, not that it had anything to do with it. But now we see $37 plus and lowering and we see all these stocks falling and a downgrade of our rating.

 

The upswing in Gold is due to the fear factor. Silver is an industrial metal and with the economy not looking too bright it is going down.

 

I don't understand why people go to gold as a safe haven. You can't eat gold, it doesn't pay dividends, and isn't liquid. It actually costs money to store. Silver at least has medical purposes.

 

Sure, I can pop two eagles (silver) and call the Doc in da mornin'......

 

My bad! Gold is better! It is only 47 times more expensive and is softer than almost every other metal out there. Well at this it's orange.

 

"Industrail metal" just doesn't sound like a good enough reason but I'm no expert.

 

Silver had a big run and it got spanked down hard when it approached 50/oz. It will take more time for it to regroup and challenge that level again. Nobody (no sane people) will want to buy silver at 48 this time; it's too scary. The 35-42 level gives buyers a level of comfort. If the crazies pile in and push it over 50, then it could take off.

Gold's playing catch up and is being accumulated by the large players.

 

If these big companies aren't using the silver because they are regulating their budgets when it comes to manufacturing, this is why it isn't going up. Individual investors are not the biggest consumers of silver, these manufacturers are, photo companies like eastman kodak, big tech companies like Sony and Apple. If you understand the recent stock market movements, it'll be easier to understand. And this is also why platinum is at a stalemate, its an industrial metal too.

 

Metalurgists say gold is the perfect metal, it doesn't tarnish or degrade like other metals, it is highly malleable and can be streched without end, it is a superconductor. The only drawbacks are that it is soft yes, and that it is heavy, on the other hand I don't see too many people using a extremly rare metal with those properties for its "HARDNESS". As for silver being an industrial metal, is that why it is listed with gold and platinum on the daily stock indexes?

 

Silver is not going up because all you hear is the word "Gold" in the media.
People who get scared and want to invest automatically turn to Gold because thats all they have heard in the past few weeks.
Most these people know nothing about precious metals.
If the word "Silver" were in the headlines, then you would see a mad rush to silver. Yes, it's an industrial metal but it also a precious metal and not that easy to find.
The Gold to Silver ratio was deemed 15:1 by the U.S government at one time in history and was the law.Do the math and Silver should be a lot higher.
Just my opinion.

 

Lets hope gold doesnt Jump to high again that will be a bad omen.IMO What does gold have to do with silver. well I was almost on topic. Id buy apple before i'd buy goldor silver.

 

I think the the market situation has created more demand for the one metal that is unanimously and only viewed as a hedge against inflation and a store of wealth, the ultimate safe haven. Platinum and palladium are down too. Gold was higher than platinum for a minute and it's still very close. Silver and the PGM's are industrial metals as has been said which probably has a lot to do with why they aren't going up like gold which is only a monetary metal.

Often times when the stock market takes a dive so do the metals because they are a paper trade. The fact that silver is only down slightly as compared with the 2008 situation means it is much stronger now than it was then. If you look at the price range on silver it has been experiencing 2 dollar swings every day. So it's not really dropping, it's just range bound, and in my perspective volatility means uncertainty which is bullish for metals.

I wouldn't be surprised to see silver have it's turn at playing catchup after the dust settles. Right now things are flowing into gold from stocks, and some people who play with stocks have a lot of money to work with. As the average Joe starts paying attention silver will be what can be afforded.

 

Or rare eath minerals.

 

Silver went up very fast, and it would be normal for it to pause and build a new base for a few weeks or months before the next leg up.

 

My opinion would be that this is an illustration of two things. One, silver has industrial applications and most other industrial materials are going down. Two, silver investors are small investors. Right now it is large investors going to safety, and for their size money only gold has enough volume to safely stash it.

Just how I am seeing the developments, very well could be wrong. I see platinum as not a horrible buy right now.

Chris