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 Replies: 12 / Views: 1,759 |
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Pillar of the Community
United States
1450 Posts |
I think you will be able to predict the silver moves by watching copper. Silver will be controlled more by industrial demand in the near term than its currency demand. I may be wrong,but there seems to be a day or 2 lag between copper and silver but both appear to be conjoined in their moves right now. gold and silver seem to be less connected than silver and copper presently. Just my gut,no charts or fundamentals.
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New Member
United States
43 Posts |
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Pillar of the Community
United States
1054 Posts |
I guess we will follow that age old adage in that we will see what the future holds.
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Pillar of the Community
United States
2661 Posts |
Quote:
I guess we will follow that age old adage in that we will see what the future holds. A very wise choice indeed. I still remember laughing at all the posts proclaiming $100 an once silver by the end of 2011.  What is the price of silver again? Edited by Tim Stroud
01/19/2012 6:03 pm
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Valued Member
United States
410 Posts |
It makes sense to me that copper and silver would be better correlated than gold and silver. Copper and silver are both industrial metals so they should rise and fall based on industrial supply and demand.
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Bedrock of the Community
United States
10045 Posts |
When the largest holders of Ag and Cu move, that will deflate things. Little guys like us may have little warning--imo.  |
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Pillar of the Community
Australia
560 Posts |
Well do an anallysis and keep stats on the prices, then compare and you will come to a clearer conclussion.
Edited by Enlil
01/19/2012 10:36 pm
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Pillar of the Community
Canada
3692 Posts |
[Ignorant Rambling] - read at your own risk
I'm not too sure about this. Considering everyday objects, copper is used in large weights for tubing and pipes and such, but silver is used minutely in mostly electronics that do not weigh much at all. And the price difference between the two are different. I'm willing to guess that copper is used more than silver (you see more physical copper day to day than you do silver) - but that's a hunch. I know that silver is getting more applications by the year, but it's not as much as one might think since it's costly. If anything, unless there is a silver-based invention that is vital to mankind's progress, the price of silver can only go down.
[/End ignorant rambling - I don't know what I'm talking about - I'm just making the point that you can't really compare both metals to each other since they are not the same. One is a truck, the other is a motorcycle.]
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Pillar of the Community
United States
3670 Posts |
I would consider that copper is on the way out, as new material is replacing copper piping in plumbing to my understanding form reading threads here from those who work with it here, and silver is being used more an more every day in many new techs, via probably as mentioned above in smaller less costly amounts....
Like Libertad said, since copper is so much cheaper then silver, it makes sense it would still be used in way larger amounts still in industry, even if it is becoming obsolete and piping in plumbing. I am sure it has many more uses beyond just piping as well, even though my construction copper knowledge/information is small enough to fit inside a split atom....
Edited by Silverhawk74
01/20/2012 01:04 am
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Pillar of the Community
 United States
1450 Posts |
My point in the original post is that the industrial"value" of silver will be the driving force in an upward move. Copper has traditionally been the metal indicator that manufacturing is improving,therefore,when copper moves up ,silver will also move up. I did not mean they will move up by comparable percentages only that timing wise they will move up together. the big difference in silver,is it has the"precious value" to keep it from dropping as quickly as copper.
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Pillar of the Community
United States
632 Posts |
It is true that houses are starting to use some sort of higher pressure PVC for plumbing, but this does not mean that copper is less of an industrial metal. Wind and water power, electric cars, etc should keep the demand for copper up, as long as our economy keeps going.
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Valued Member
United States
493 Posts |
We need a comprehensive list of the parallels between copper and silver. And, of course a decent chart..
But, tracking the percentages used for industrial silver use as well every year would be good to know as well.
Still, everything going to the future is more electronic, lots of metals demand somewhere down the road.
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Pillar of the Community
United States
4008 Posts |
Quote:
My point in the original post is that the industrial"value" of silver will be the driving force in an upward move. Yes, a portion of the price of silver is due to industry buying and consuming it. This tends to support silver prices compared to gold, which doesn't have a lot of industrial use. Investment demand is a large and growing part of the silver equation, though. With the US Mint cranking out 40M ASEs in 2011, that shows a considerable demand from investors and it is growing larger with time. I like to check the following web site for info on silver: http://www.silverinstitute.org |
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Replies: 12 / Views: 1,759 |
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Posted 01/19/2012 4:41 pm
