![]() Fiat currencies have a tendency to lose value over time, and silver may potentially hold its value better, thus possibly preserving purchasing power.ĭue to its extended history as a medium of exchange and store of value, silver may also potentially be bought during periods of economic or geopolitical turmoil. Like gold, silver may potentially provide a hedge against declining paper currency values. In addition to its potential for price appreciation, silver may also potentially act as a meaningful hedge against numerous economic and geopolitical issues. Silver prices can potentially be affected by many different factors in addition to industrial demand including currency market activity, interest rates, monetary policy and inflation. ![]() Silver has been considered a reliable store of wealth and value for centuries, and the metal can be used as a medium of exchange all over the world. Silver, like gold, is also purchased for investment purposes. The white metal is currently used in many different industrial arenas including but not limited to solar energy production, electrical switches, x-ray film, photography and chemical production.Īs global technology becomes more advanced, the potential uses for silver are likely to keep expanding, and further industrial demand could potentially fuel a long-term rise in prices. Silver has become more and more widely used in modern industry, and it may potentially see its possible applications continue to expand. Unlike gold, which is purchased primarily for investment purposes and jewelry making, silver sees demand for both investment purposes as well as industrial purposes. When supply exceeds demand, prices may fall. When demand exceeds supply, prices may rise. Silver, like other markets, is driven by the laws of supply and demand. Classical chart patterns such as triangles, wedges, head and shoulders, double bottoms and more may all potentially be used to make buying or selling decisions. In addition to price trends, traders and investor may also utilize classic charting principles to assist with making buying or selling decisions. Price charts may potentially help in this goal as well, as they provide a simple and easy to read visual representation of prices. In the case of a market that is trending lower, you could look to sell any rallies in price.Īlthough the identification of a market trend does not necessarily mean a trade or position may be profitable, it can potentially help stack the odds of a successful trade in your favor.įor long-term investors, the objective may be to buy silver on any price dips, or to dollar-cost average. A very simple strategy for trying to take advantage of an uptrend in price is to look for a pullback in prices before taking a long position or buying. Seeing a pattern like this in prices may be indicative of buying pressure outweighing selling pressure, and could potentially lead to higher prices. One of the easiest ways to identify a trend in the price of silver-or any other market-is to look for a series of higher highs and lower lows for an uptrend. Price charts can be used to try to identify trends in the price of silver, or to look for areas that may potentially present buying or selling opportunities. Whether you are a short-term silver trader or a long-term buyer of silver, price charts can be a useful tool in your investment strategy. This chart allows you to view silver prices on an intraday, daily, or even yearly basis, and you can see silver price history going back several decades. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators pageįeatured on this page is an interactive silver price chart. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. ![]() The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. ![]() ![]() Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field. ![]()
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