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 Replies: 66 / Views: 8,537 |
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Valued Member
Cyprus
349 Posts |
Hi
i was looking at some silver charts and it looks like the chart is starting to display similarities to the 1980 price where it spiked to 50 per oz.....then crashed..
What do you think?
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Bedrock of the Community
Australia
21786 Posts |
The 10 year trend line for silver puts it at $27 at present. If the current price is above trend, there is more probability that the price will fall. Conversely, if the current price is below the trend line, there is more probability that the price will rise.
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Valued Member
 Cyprus
349 Posts |
looks like a bubble is starting to form. I hope I am wrong as I want some silver now.
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Pillar of the Community
United States
759 Posts |
No crash. Periodic pullbacks. Dynamics and fundamentals are all different than 1980, not the least of which is no Hunt brothers are in the mix now.
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Valued Member
Cyprus
349 Posts |
i supppose if there was a reversal in the USD then this would be bad for silver.
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Pillar of the Community
Canada
3692 Posts |
We can all learn from the Hunt brothers. Don't buy on margin even if it's a sure thing.
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Valued Member
Cyprus
349 Posts |
silver has gone from about $18 to $35 since August 2010 to March 2011. That means the price has nearly doubled in 6 months. Thats pretty impressive.
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Valued Member
Cyprus
349 Posts |
does anyone know where to get the silver spot price daily since early 1900's?
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Pillar of the Community
 Canada
9864 Posts |
Historical charts are available at kitco.com
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Valued Member
Canada
442 Posts |
kitco has up to the minute updates.
I dont' think we'll see the crash like int he 80's, maybe a pull back from new highs when it meets resistance at 40, 50, etc, but I believe silver is still very underpriced.
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Pillar of the Community
United States
3592 Posts |
Agree with the others, this run up doesn't seem to be the same as the Hunt brothers...but sometimes we don't know what's going on behind the scenes so the possibility always exists.
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Valued Member
Cyprus
349 Posts |
had a look at kitco. can only find a chart with data for a maximum of 25 years of data. Seems odd how one cannot find data for 100 years...
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Valued Member
Cyprus
349 Posts |
would be interesting to get some candid comments from some of the commodities traders from the big banks.......
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Valued Member
Cyprus
349 Posts |
does anyone know where I can get daily price data for silver for 100 years or there abouts?
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Pillar of the Community
United States
3184 Posts |
I think we are in a different dynamic than the 1980s were the Hunt bros tried to corner the market on silver. No one person is doing that now.
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Pillar of the Community
United States
3670 Posts |
I just got into precious medals (specifically silver), right at the beginning of the new year, and in just a little over 8 weeks silver has went from 27 to 36 an oz....
So, if it stays on the upward pace it is on, it should hit 50 an oz before summer....
Edited by Silverhawk74
03/07/2011 12:42 pm
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Replies: 66 / Views: 8,537 |
Posted 03/07/2011 06:49 am
