Silver Monitoring Thread £ (GBP) only.

[sovereignsteve]

if silver shadows gold why isn't silver dropping as quick as gold

I think you're trying to be too micro-analytical. The ratio does wander about a bit but it's 74 at the moment, exactly where it has been (bar a couple of forays up to 76) since the beginning of June.

[DRooster]

Talking of ratios : it would be nice to have a single webpage displaying silver price. gold price and ratio together.

Anyone got a link if such a page exists?

I haven't been able to find one on the commoner "thingy price trend" type pages...

[AuFinger]

Talking of ratios : it would be nice to have a single webpage displaying silver price. gold price and ratio together.

Anyone got a link if such a page exists?

I haven't been able to find one on the commoner "thingy price trend" type pages...

 

http://www.macrotrends.net/1441/gold-to-silver-ratio-historical-chart

 

Gold is quite expensive against silver right now.

 

 

 

But really who knows.

 

For everyone who cites the past as a reference for the future, you can also reference what is different these days too.

 

 

It's all still very much a gamble, so hedge accordingly.

 

It may very well be that silver drops hard due to global deflation and lowered demand, but gold could drop harder still and give a 'great' looking ratio. Ie, £5/ounce silver, £150/ounce gold. Either scenario wouldn't be great news for some people!

Edited July 26, 2015 by AuFinger

[HawkHybrid]

Talking of ratios : it would be nice to have a single webpage displaying silver price. gold price and ratio together.

Anyone got a link if such a page exists?

I haven't been able to find one on the commoner "thingy price trend" type pages...

 

the main silverforum page has these 3 charts.

 

HH

[Bumble]

 

You can get to this chart via

http://www.sharelynx.com/chartstemp/LiveSplash.php

then selecting PM Ratios > Gold/Silver

There are lots of nice charts on sharelynx.com.

[DRooster]

Thanks Bumble that is EXACTLY what I was after!

Great find.

[Bumble]

The ratio is clearly all over the place and doesn't seem to have any predictive value. The most striking feature of the charts is how well the prices of gold and silver are correlated. This tends to support the idea that silver is 'poor man's gold' and that it enjoys a monetary premium.

[AuFinger]

It doesn't seem to have any predictive value, but you can bet that it's value is predictable in hindsight.

 

In any case though, it's well worth noting that the pairs value generally fluctuates through a fairly consistent range so it makes sense to balance buying according to this trend too probably. Ie, buy mostly silver when silver is relatively cheap, and vice versa with gold.

 

And when selling, clear the one that is relatively expensive at the time, rather than the one that is relatively cheap.

[HelpingHands]

I think we are close to the Dec low.  £9.23 ish.

 

I've convinced myself that was the silver bottom and gold had more to drop but if we drop into the 8s then who knows.

[HighlandTiger]

It didn't get as low as that during December, not according to any charts I've seen. 

 

Current price is the lowest since August 2009.

[HelpingHands]

It wasn't for very long and it was nov/dec.  I don't know if you can get one minute charts back that far.  I discussed it with Danny on here since and I'm not sure what evidence I found then either.

[AuFinger]

It's still good value to offload debased fiat for PM right now, assuming you feel you want or need more!

[redrug]

Silver did spike down briefly to just below £9.22 on 30th November - can't work out how to set up a link but if you go to the sharelynx site in Bumbles post and set the chart to "silver" and "day" it shows on the candle. 

For the same day, the BV chart shows a low of £9.27 and a high of £10.64 

Edited August 17, 2015 by redrug

[Scuzzle]

£9.30 as of right now, which is not bad for buyers considering gold has not dropped to the same extent.

 

Edit - £9.28 now

Edited August 24, 2015 by Scuzzle

[DRooster]

A very very short dip. Unstable, I cannae hold her Cap'n. Back up to £9.58 in no time at all.

[Scuzzle]

Tell me about it, I tried to put in an order with STG and my credit card company blocked it because they thought it was suspicious activity, they phoned me to check it was legit and when they OK'd everything spot was up 40p so I grudged buying it at this now so never bothered.

[DRooster]

...my credit card company blocked it because they thought it was suspicious activity, they phoned me to check it was legit and when they OK'd everything spot was up 40p ...

*Gulp*

[Bumble]

In dollar terms, silver seems to be holding below $15 today. Some of the volatility you are seeing is because the USD/GBP is falling.

[Danny-boy]

I'm watching with interest.

I have made myself a promise, when I can buy a monster box (500oz) for £5k plus delivery, I'm going to push the button.

May never happen, but getting closer - currently best price is £5835 for Noah's (£9.35 spot recorded for posterity).

I'm guesstimating that spot would need to be about £8.00 dead to hit the £5k target price.

So, let's wait & see what happens!!!

[KDave]

Silver appears to be falling in sympathy with the other industrial commodities so far. My strategy of buying into the stock market two weeks ago to cause a crash has worked so far. Perhaps if I buy into silver you will get your monster box? 

 

I will make a purchase tomorrow

[Danny-boy]

Perhaps if I buy into silver you will get your monster box?

I say go for it!!!! [emoji1]

[Stu]

I'm watching with interest.

I have made myself a promise, when I can buy a monster box (500oz) for £5k plus delivery, I'm going to push the button.

May never happen, but getting closer - currently best price is £5835 for Noah's (£9.35 spot recorded for posterity).

I'm guesstimating that spot would need to be about £8.00 dead to hit the £5k target price.

So, let's wait & see what happens!!!

Like it Danny Boy. Although if it was me a would pay the extra few pence for the Brits. Never know where it will go and an outside chance of capital gains coming in to play.

[Scuzzle]

I agree, on a 5K purchase if and I know it's a big IF silver ever goes to the moon you will be over the capital gains tax threshold instantly if you decide to offload the lot so a few pence extra for Brits makes sense.

[Danny-boy]

That'll be an awesome decision to make.

I had decided on Brits anyway, not really due to CGT but for the fact I love britannias.

When I can buy any MB of silver for £5k, then I'll buy a box of britannias.

Target modified!!!

[DRooster]

I got a tube of 2015 Britannias and personally I don't like the shiny look of them.

I assume the 2014 have more satin finish ... ?