Silver slid 22% last week ending at a value around $35 per troy ounce. Since Monday, silver has been on a constant uptrot reaching a value of $39.02 at the time of this writing.
My questions to you: Is the silver correction over? Will silver prices head lower again? What is more desirable at this point, paper or physical silver? Why?
The U.S. dollar index (DXY) has jumped 1.3% in trading today. The dollar had gains against the euro, while it had losses against the yen. Market Watch’s Deborah Levine attributes this DXY gain to the announcement of higher jobless claims.
My questions to you: Is the dollar making a come back? Are these gains temporary? Does this jump in the dollar index signal an end to silver mania? What about the national debt?
Silver has fallen another 6.5% in trading today. Rumor has it that the recent bearish activity of silver is related to the CME’s increase on margins for both gold and silver. I saw something on an online message board saying that silver will end its current “correction” at around $30, but won’t make it down to $25 — is this true? Time will tell.
My questions to you: In light of the recent bearishness of silver, is silver mania dead? Also, since Monday, silver has fallen over 22%. Will it fall more? And what will the long term behavior of silver be?
Silver falls over 4.5% again! And the dollar index has reached it’s lowest level since 2009! Oh, the huge manatee!
Oh, the huge manatee!
My questions to you: Is silver done for? Is this a correction? Normal fluctuation? What about the dollar index (DXY) reaching a three-year low? What is better at this time, silver (paper or physical) or dollars?
Silver prices have fallen by nearly 15% since the reported death of Osama bin Laden. The price per ounce fell from around $48 to around $41 from the opening of the market on May 1st to the closing of the market on May 3rd.
My questions to you: Are the two events correlated? Is this normal fluctuation of the silver market? Is this a correction? Is silver done for?
Places like APMEX and other online vendors are selling what is called “silver shot”. Silver shot is essentially a bunch of small pellets of silver weighing a few grams or less each. Shot generally doesn’t come with an assay certificate, but the benefit of being able to buy/sell/trade a few pellets at a time is a nice benefit.
My question to you: Would you buy silver shot? Why or why not? Do you think there will come a day when silver shot will be widely known and easy to come by? Why or why not?
