Silver is a versatile metal.
But as diverse as it is, it's also in a pretty small global market. As in only $20 billion as of 2014...
That means the silver market's size creates price volatility not seen in other metals.
Plus, there's another huge factor that affects the silver forecast - gold!
Silver is a versatile metal.
But as diverse as it is, it's also in a pretty small global market. As in only $20 billion as of 2014...
That means the silver market's size creates price volatility not seen in other metals.
Plus, there's another huge factor that affects the silver forecast - gold!
I’ve written before about how gold can help protect you from the coming Super Crash, but I haven’t written so much about silver.
The main reason for that is that silver really is “poor man’s gold.” The major difference is that gold is a currency while silver remains a metal.
Silver prices are also more volatile, more dependent on the state of the industrial economy (which isn’t very good), and very beaten down right now.
Silver prices today are soaring.
Investors are wondering: why are silver prices up today? And why now?
Silver coin sales are at near-record highs, but premiums are soaring. American Silver Eagles are selling at $22 on eBay - a 35% premium over the spot silver price.
Many investors have taken refuge from higher premiums in silver ETFs - but not all silver ETFs are created equal.
If you're looking to buy silver, the first question to answer is, should I buy physical silver or paper silver?
Both investments let you profit from silver's price moves. To decide which one is best for you, you need to answer some questions about your investment goals.
To help, here's a closer look at each way to play the white metal.
Silver was making strides this month, which is why people are wondering why silver prices are falling this week.
Dollar strength and soaring equities kept a lid on silver prices.
But there is room for optimism. Here's what to expect in the next month.
Silver prices this week have fallen slightly, but there are encouraging signs for the white metal moving forward.
After almost three months of freefall, during which time silver prices fell 21.4% and touched off four-year lows, prices finally reversed direction and traded up last week. It had fallen 11 of the 12 weeks prior and had been down for five consecutive weeks.
So what's fueling this reversal? And why is it flat this week?
Silver prices this month were falling to what can only be described as ridiculously low prices.
That's why silver exchange-traded funds bulked up their holdings, and prices are slowly beginning to reverse their slump.
It's a combination of the dollar's tenuous strength and elevated downside speculation that explains why silver prices are down right now.
The silver price this week has been particularly disappointing, trading at its 2014 low for the last six trading days.
But the bad news for silver is tempered by bullish indicators that could spark a rally in the near-term and carry it up to the end of the year.
Here's what moved the price of silver this week, and where it's headed...
Silver prices today are trading at their lowest levels on the year, continuing a two-month bear cycle where the white metal has fallen significantly.
Prices are taking recent cues from the U.S. Dollar Index, as well as the U.S. Federal Reserve. Silver futures activity has also been a headwind for more than a month now.
Best stocks to buy for the week ending Aug. 29, 2014:Last week for Money Morning Members, we highlighted seven stocks that bring readers the "best of the best" in four sectors currently overflowing with upside potential.
One pick hails from the 3D printing market that's expected to quadruple within the next four years. Another is in the fleet and fuel management sector - it's rapidly growing at a compound annual growth rate of 22.8%. We've got three energy stocks to buy from the most productive natural gas region in the U.S. And we highlighted two silver ETFs that play some promising numbers that were just reported from August.
Don't let the August performance of silver ETFs fool you - there's a big buy signal for silver flashing right now.
July, like August, was underwhelming, as silver prices fell dramatically. But in July, portfolio managers dealing in the physical silver shed their holdings.
That was not the case in August…
Make no mistake: The April sell-off in gold created some extensive "collateral damage" in the silver market.
The silver price dropped nearly 20% in just two days... and many Wall Street analysts were quick to downgrade their forecasts for the rest of 2013.
But we believe Wall Street analysts have grossly misinterpreted recent events.
And they have missed some extremely strong fundamentals regarding silver which makes the metal a fantastic investment today.
In fact, not only is this a good time to get your hands on silver... Recent events have made this possibly the greatest silver buying opportunity in history.
Let me explain...
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