Silver
Price
Discussione su 965310
Messaggi
25
Silver at crucial point
$965310 (+1,47%) Silver nears its all time high in dollars. In 1980 it reached $49.95. Then in 2011 it briefly reached $49.50. With silver hovering around $48 we are at a crucial resistance.
Personally I think it's highly likely that this time the $50 mark will be broken. Why?
This is the longest silver has ever been above 40. This time its a gradual increase and not the quick peak we saw in 1980 and 2011.
Also the fundamentals look stronger than ever. Huge industrial demand on top of a monetary crisis. See my previous post for more fundamentals.
What do you think? I'd love to share opinions.
#silver #alltimehigh
Pullbacks and resistance levels are both expected and, in my view, welcome. For example, yesterday’s pullback (with the relatively high volume sold) seemed almost amusing, and I used the opportunity to stack a bit more. Short-selling pressure is also something to expect from time to time.
I also think that once silver crosses the $50 threshold, it will attract significant media attention, which could drive the price even higher. After all, there’s only so much silver that can be mined.
That said, this is just my personal opinion, and of course, I could be wrong.
Run for silver
Anyone else excited about the recent move in the silver $965310 (+1,47%) price?
Some of the reasons why I'm excited:
- The chart looks a lot like 2008-2010, the first stage for a 500% move
- 5th year of production deficit
- more silver is needed every year for green technologies (solar, EV, electronics)
- solid state batteries will consume a lot of silver
- gold silver ratio is extremely high, silver has to catch up to the price of gold
- high inflation environment with pressure for lower interest rates because of government debt
I'm holding on to my position. Ready for the ride!
$SLV (+0,97%)
$SILVER (+0%)
$SIVR (+1,29%)
$SIL (-0,51%)
$CEF.U
$PSLV.U (+1,2%)
$AGQ
HennRes | Winners & Losers
While European stocks and commodities are performing strongly, US equities and volatile assets such as Bitcoin are struggling with significant losses. A brief summary of the chart from Boll's Global Research
Winners
- Equity marketsGreece (+27.5%) and Spain (+25.5%) have posted the highest returns in Europe.
- Commodities: $NGAS (-2,69%) (+16.9%) and $965310 (+1,47%) (+16.2%) show the strongest performance.
- Foreign exchangeThe Swedish krona (+9.6%) and the Brazilian real (+9.4%) gained strongly against the US dollar.
- Sectors: Tech (+11.4%) and Materials (+8.0%)
Losers:
- Equity markets: US equities (-3.4%) and Taiwan (-7.3%)
- Commodities: $IOIL00 (-4,59%) (-5.2%) and $BTC (-0,07%) (-8.9%) record considerable losses.
- Foreign exchangeTurkish lira (-6.7%) and Indonesian rupiah (-2.6%) are weakening.
Current trends:
- $965515 (+0,51%) (+15.2%) and long-term US government bonds (+4.6%) remain stable.
- European stocks are outperforming, while the USA is lagging behind.
Time for presents - birthdays, Christmas etc. - but no junk, please!
Hello dear Quinies,
on this occasion, I'm writing a short post today away from what's still in the pipeline from my side.
Our big boy turned 3 on Monday and grandma and grandpa traditionally give him physical precious metal $965515 (+0,51%)
$965310 (+1,47%) ... so far so good.
From grandpa's side, everything is also clear on the subject so far, there is either investment gold in small denominations or silver in whole ounces (of course always bought far too expensively in collection albums from MDM, Bayerisches Münzkontor etc.🙄). Not my money so what🤷🏼♂️.
Problem: Grandma unfortunately only buys according to the look of the collections, not really with a plan for precious metals... which means we get something like this here:
The motifs are of course pretty to look at, but what are you supposed to do with 6 x 9.2g 333/1000 silver anfangen🤦🏼♂️. That's about 18.38g of fine silver... a good half ounce. To be honest, I don't even want to know the price...
So what do I do?
Whenever one of these (exclusively pretty scrapbooks) arrives, I have to take photos, post them on eBay, sell them to someone for a halfway ridiculous price (since there's almost no precious metal in them) and send them off.
Why?
Because it's no good as an investment, I don't want to have to store 30 more of these albums somewhere halfway safe and because I think that the money I get from the sale is better off in Junior's ETF savings plan.
What am I trying to tell you?
If you want to give physical precious metal (gold, silver, platinum, whatever) as a gift, please, please pay attention to investment-Qualität🙏🏻 (purity 999.9 for gold/silver or 999.5 for platinum).
It is better to buy supposedly "smaller gifts" (a 1g gold bar in 999/1000 is really tiny😅) that have a real value and retain their value. With small gift bars and small bullion coin denominations, you are effectively still paying a lot more than the pure gold value, but you are giving a sensible gift! Nevertheless, you should not buy bullion coins in denominations smaller than 1/20 ounce, after that the price premiums become more than absurd and it doesn't look great either😉.
With this in mind: Happy giving and receiving (the madness is about to start again).
Greetings, Marcus✌🏻
I'd rather put down a few nice Britannias or Maple Leafs :)
📈 COMMODITIES 2024: PROSPECTS FOR INVESTORS 🛢️
This year will be extremely exciting for commodity prices.👀📈
Even if you are not interested in investing directly, the original article is definitely worth the 2 minutes of reading time.
Analysts predict that prices could rise again for the time being.
For example, the current weakness on the oil market ($IOIL00), caused by demand concerns and an oversupply, could stabilize by mid-2024 according to experts and lead to a price recovery. (1)
Precious metals such as gold ($EWG2 (+1,07%) / $965515 (+0,51%) / $4GLD (+1,4%) ) and silver ($965310 (+1,47%) ) could also benefit from changing interest rate expectations. In particular, the prospect of interest rate cuts by the US Federal Reserve will have a strong influence on the price of gold. (2) (Image 1)
The situation with industrial metals such as copper, whose prices were under pressure in 2023, is particularly exciting for me. A possible shortage of supply could drive prices up again. (3) Similarly with the CO2 price, although the situation here looks rather modest in the short term. (4)
Do you agree with this or has something important been overlooked?
(1) Section "Exaggerated concerns on the oil market"
(2) ibid. "Precious metals under the spell of interest rate expectations"
(3) ibid. "Better times on the industrial metals markets in sight?"
(4) ibid. "CO₂ price in EU emissions trading"
#rohstoffe
#finanzen
#marktausblick
#commodities
#marketsentiment
#finance 📊
This article is part of an advertising partnership with Societe Generale
Proud 🥹
Titoli di tendenza
I migliori creatori della settimana