price of silver

How to Buy Silver Now Before Prices Rise

how to buy silver

Silver prices have been in the doghouse for some time. After peaking at $49 in April 2011, the precious metal has given back 66%. It's been flagging around the current $16 range for the past seven months.

But a couple key indicators show the price of silver is both cheap and could be set to rocket higher.

To make sure you get a piece of the profits, we put together these steps on how to buy silver today...

Let's Make Silver Shine Even Brighter Than Gold

silver prices

In the world of precious metals, silver is considered the "Poor Man's Gold."

Anyone who believes this nonsense will stay away from investing in silver for all the wrong reasons.

With the S&P 500 pushing resistance once again at 2,100, perhaps it's time to visit the land of the contrarian trader, for as the saying goes, as the stock market falls, the precious metals markets rise.

And I am interested in the "Poor Man's Gold" not only because it's priced far less than gold. I'm in it for the type of returns no man, poor or otherwise, can resist...

Gold/Silver Ratio Just Another Sign Prices Are Too Low

gold price chart

The gold/silver ratio is another indication that silver is grossly underpriced.

By 2014 average prices, the gold/silver ratio was 66-to-1. That number has only climbed in 2015. As of yesterday's closing spot gold price and spot silver price, the ratio was about 72-to-1. It's not just that the gold-silver ratio is five times its historical average that indicates that it's underpriced. It's also that its scarcity in relation to gold doesn't justify such a high ratio.

Here's what that says about the price of silver today...

2015 Silver Price Chart: What to Make of Silver Volatility

2015 silver price chart

The 2015 silver price chart shows silver prices got dinged this week.

After an impressive start to the year where the spot price of silver marched above $18 and hit a four-month high, it fell back down another 7.5% this week. The price of silver per oz. closed yesterday (Thursday) at $16.915.

Don't panic. Now is the perfect time to reiterate the reasons to buy silver...

Silver Coin Sales Break Record for Second Straight Year

silver coin sales

For the second consecutive year, the U.S. Mint has logged record silver coin sales for the American Silver Eagles.

Sales of the popular .999 one-ounce silver coins totaled 495,000 on Monday, taking the 2014 sales tally to a record 42,854,000. That whopping figure handily beat the 2013 record of 42,675,000 silver coins.

Here's what's behind the robust silver coin sales, plus a look ahead at 2015...

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