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Silver has been on a roller coaster lately....

JulioJulio Posts: 2,501 ✭
in Precious Metals
anyone want to speculate as to why?
image

Comments

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    I guess Ronald Reagan had the best answer the day in 1987 when the Dow Jones dropped 22%.

    Markets go up and down!


    ...at least that is what I recall him saying.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>anyone want to speculate as to why? >>


    Because there are leveraged ETFs for both directions. Lots of money being made on the volatility by those in the know. The rest of us have to guess.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JulioJulio Posts: 2,501 ✭
    derryb, I can't figure out the reason, but the opportunity to make some cash on the moves up and down is there. I'm just thinking after all this up, down, we will end up about where we started. Now some will say manipulation, but not me, at least not to loudly. Take care. jws
    image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I keep guessing (and making predictions that do not come true)... at least I am not guessing with money in the paper PM market...yep, maybe could make some money, but I am not a good guesser...image Cheers, RickO
  • DoubleEagle59DoubleEagle59 Posts: 8,315 ✭✭✭✭✭
    I count my silver in ounces, not dollars.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    i like roller coasters, the feeling of weightlesness on a big drop.
    the slow ride up is what takes forever...
    too bad i cant see the top/bottom sitting all the way in the back.
    enjoy the ride.
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • cohodkcohodk Posts: 19,137 ✭✭✭✭✭
    The volatility in silver is absolutely normal. Take a look at a 1000 charts of stocks, bonds, real estate, ect, and you will see similar patterns of volatility. Nothing out of the ordinary. Nothing manipulated. No conspiracy.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Historically, silver sees more price volatility percentage wise in a trading day than most other publicly traded assets. Yes, this is normal for silver.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    Economics did this. It's a phenomena known as supply and demand.

    Quell the paranoia and things settle DOWN.
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