Wt Phys Silv Discussion Threads

[davebowler] 07/6/2024 10:33

hTTps://www.asset.tv/video/silvers-outshining-gold?

[davebowler] 31/5/2024 16:02

hTTps://uk.advfn.com/cmn/fbb/thread.php3?id=9688630&from=160553#firstpost

[davebowler] 29/5/2024 11:49

Good news -Silver has just hit an all time high in Oz dollars, Yen and close to it in Canadian Dollars.

[davebowler] 21/5/2024 14:27

Time for silver to outshine gold?
The precious metal has lagged gold significantly in recent months

oncept.
SEARCH PA ADVISER
21st May 2024
|

Alex Sebastian
Gold has been on an impressive climb in price over recent months, hitting a new all time high above $2440.

The market conditions that have laid the ground for gold’s rise should also be favourable for other precious metals, most notably silver.

The number two has performed very much like second best though up until now. This raises the question of whether the time is near for silver to make up lost ground as gold takes a breather.

Silver has seen some pickup in price, reaching a level not seen in over a decade, however it still trades a third below its 2011 record high, according to numbers provided by AJ Bell.

See also: Sector in review: IA Commodities and Natural Resources

This is reflected in the gold to silver price ratio, which stands at 76 times compared with a long term average of 65.

“Gold may stand at a new all-time high, but silver is moving sharply higher, and it now trades above $30 an ounce for the first time since 2013,” said AJ Bell investment director Russ Mould.

“Silver started to move in earnest last autumn, rather like gold, just as financial markets started to wonder whether the US economy was running hotter than expected, with the result that inflation could run higher for longer than expected.”

“Throw in rampant US government spending, and how inflation on the other side of the Atlantic is still looking a bit sticky, and investors and traders may be on the hunt for stores of value once more,” he added.

“Silver may catch the eye of contrarians even more than gold, as it trades way below the $48-an-ounce peak reached in 2011,” he continued.

See also: Rob Thorpe: What is behind the dominance of MPS?

Mould noted that even if central banks continue to express confidence that inflation is under control, rate cuts arrive, and stock markets stay determined to price in a ‘Goldilocks’ outcome, there remains the risk of policy error. This could be either rates are left too high for too long, leading to a recession, or cut too early, triggering a fresh inflationary outburst.

The bearish argument against silver centres around the fact that it offers no yield and comes with costs of ownership, such as storage and insurance, which means there is a negative carry relative to cash, Mould explained.

Sceptics would note the lack of yield means valuing the metal is nigh-on impossible and therefore argue its intrinsic value can only be measured relative to the all-in sustained cost of producing it.

[cassini] 17/5/2024 11:48

PHSP is the GBP version of PHAG by the way.

[davebowler] 17/5/2024 10:10

5 year high!

[k mon] 21/4/2024 18:36

- Could go higher, before reducing ..

According to history & a few 'you tube Guru's - with Charts ..
(1970's to early 1980's being an example)

In a PM Commodities bull run..
Gold tends to take off initially - earlier & faster...
before Silver then takes the hint & goes ballistic (thus reducing the Ratio)
(Probably as the crowd catches on to the tail end of a commodities Rally .. They can't afford Gold & might not be able to rely on FIAT to maintain Value anymore
.. so Silver is the place to run .. (That's the theory anyway)

another interesting Ratio to research is the Dow (or S&P) to Gold Ratio ,
For instance near Parity (Dow index = Price of 1oz Gold) .. has been approached
in past cycles..
(Imagine that -- either Gold would have to race to $38,000 an oz ..
OR the Dow falls to $2400..)

Or possibly they could meet somewhere in the middle .. Say 20k
That would then make Silver (at a 20:1 ratio) ... about $1000
and a barrel of Oil .. around $4000 a barrel
(price established in 1950's at 2 Sovereigns [£1 = 1 Sovereign])
Average House .. around 10oz of Gold - what a bargain ! ..

When you compare historical ratio's ... you begin to realise just how
altered the current economy ..
(and indeed any relationship to physical or mathematical 'realities')
Has become ..

But the really big question is ... If there were to be a 'Snap Back'
to those sort of ratios ... would the world cope with it ..

Imagine just .. what a different world that would be ...

[davebowler] 20/4/2024 14:35

Silver to gold radio is greater than 80 times, surely a buying signal for silver via PHAG especially if we are in a precious metals bull market.

[cassini] 10/4/2024 13:56

Are PHAG/PHSP shares based 1:1 on the price of silver?

I don't know, but let's say they are or rather, were, when the ETF was launched, firstly they charge a fee of 0.49%/p.a. so from 2007 that's about 8.5% knocked off the price.

I know that's a bit of over-simplification there, but that's my guess.

These PM ETFs things are OK to hold for short to medium periods, but the charges add up over the long run.

[spracklin] 10/4/2024 12:56

Hi guys, I'm holding PHAG, overpaid a bit some months back but it's thankfully in profit now.

thing is the quoted price is $25.86 dollars c.£18 but on MarketScreener the spot price is $28. Where's the extra $2 gone? Perhaps I've missed something.

thanks in adv.

hxxps://uk.marketscreener.com/quote/commodity/SILVER-16221/

[davebowler] 09/4/2024 15:37

In Rupees and Yen, Silver hit an all time high today.

[yf23_1] 03/4/2024 11:22

Oh, finally, after buying in Jan 2013, the shareprice (PHSP in pence) is back to where I bought.
Only 11 years of lost interest.
Ho hum.

[fast lane] 18/2/2021 21:21

Buy Silver. Physical. The Two Isotopes are the key! to novel uses

[waikenchan] 16/2/2021 15:13

I don't get it. Why would pslv be up and phag be down. I thought phag like pslv was physically allocatedand would share the same charactisitcs.

[fast lane] 13/2/2021 12:49

Don’t watch this with a closed mind!



Conwoosions

43:00 of 48:24 if you can’t abide the first bit

[fast lane] 08/2/2021 06:14

hxxps://www.bullionstar.com/blogs/ronan-manly/houston-we-have-a-problem-85-of-silver-in-london-already-held-by-etfs/

Conclusion
If the above 14 ETFs see continued investment inflows, they will all have to compete for the available silver in London which is not already held within these ETFs. And that available silver is at an historic low, some 3000 tonnes or so. A few more days of inflows like the ones seen over 29 January to 2 February would be a major emergency for these ETF providers, particularly the iShares SLV. Because there is just not that much physical silver left in the vaults of JP Morgan, Brinks, Malca-Amit, Loomis and HSBC, which is not already reported as being in these ETFs.

And lets not forget all the unallocated silver positions which are outstanding which are claims against the bullion banks for silver which they have not got. Anyone with deep enough pockets could now cause a serious run on the remaining available silver stored in London that is not currently attributed to the above ETFs.

[waikenchan] 03/2/2021 10:57

Is phag comparable to pslv. I can't find much on the wisdomtree silver etf.

[shavian] 01/2/2021 15:02

Well, I quite agree, but at least it was a better hedge than sticking the money in a building society. Of course I'd have done much so better buying a few shares in Scottish Mortgage at the time!

[k mon] 01/2/2021 13:13

Nice ..
Just think what you can Buy now .. as opposed to £88 back in 1976.
(Probably a a couple of weeks wages for a manual worker back then)

Whereas now ..
.. well its about the same really ..

minimum wage 8.91 an hour (from April)
so... £356 a week
(less 'tax'.. for the 'gangmaster')

A 1kg bar ... £700 or so now ..
(maybe more in the near future)

Very few people ever realise ..
That it is not Precious metals that increase in Value
... It is FIAT's Value
(expressed in the price of - work - labour - 'Opinion' - Quality etc.. )
.. that either has to be kept in balance .. or decreases over time..

[shavian] 01/2/2021 08:49

In 1976 someone persuaded me to buy a kilo bar of silver. I think I paid £88 for it. I stuck it in a deposit box in Lloyds Bank when I was posted to Oman, and forgot all about it. Lloyd was closing its local branch a couple of years back and asked me if I wanted it back. It's now under my bed (no, you can't have my address). Am I about to be the first person since The Lone Ranger to make a killing on Silver?

[zydecoco] 31/1/2021 20:49

For info my vaulted comparison now shows 8% Silver price rise over the last 25 hours...

[zydecoco] 31/1/2021 17:26

Update on Vaulted Bullion price

No showing London buy price of Bullion vault held Silver/Kg has gone from £640 to £675 in the last 22 hours.

So >5% rise in last 22 hours.... (Its gone up 3% in the last 4 hours alone)

You can see the order book here:

Go to bullionvault.com then Click on Buy/Sell Bullion - Vaulted Gold/Silver

[zydecoco] 31/1/2021 16:01

Posted on USA share forum just now:

"Today, the actual size of the silver market is, according to Bloomberg, of $5 trillion. $5 trillion divided by 20 billion (physical market) = 250250 X $20 (silver spot price) = $5,000 an ounce If the price of silver were based directly on the real physical silver market, silver’s price should be at $5,000 an ounce"

Reminder Silver closed at $27 an ounce on Friday.