Silver Investing - Silver Down But Far From Out

Like gold, silver has been having some down days recently. Spot silver stands at $25.40, a 30 day change of plus $1.06 with a one year change of $6.98. Not exactly a time to panic since it still has nice gains.

I found value in a few recent articles related to silver. The first is by Jordan Roy-Byrne titled Downside Targets for Gold and Silver. The second gives lots of reasons for investing in silver. It is by Lorimer Wilson and worthy of your time Why You Should Have Silver in Your Portfolio - As Well As Gold

Silver Eagles so far in November stand at 2,715,000 one-ounce coins with a year-to-date total of 31,345,500 Silver Eagles. November and December tend to be high volume months for these coins so we can expect to see big numbers.

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Silver Investing - Sparkling Silver

Silver has been having great gains in recent days. Spot silver currently stands at $26.76 gaining 15.39% ($3.57) in the last 30 days and 53.88% ($9.37) for the year. On October 28th, Jim Turk predicted silver would be at $30 per ounce in less than 18 days. It just might reach that. You can read his comments here

Here are the Silver American Eagle totals for October, 2010 from the U. S. Mint: 3,150,000 one-ounce silver coins produced for the month which brings the total for the year to 28,630,500 silver eagles. 255,000 have already been produced as of 11/5/2010.

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Silver Investing - Silver at $24 Per Ounce

Silver had some great gains today and spot silver stands at $24.30 as of this writing. In the last 30 days, silver has gone up $3.83 or 18.70% (compared to 30 day gold up 10.64%). Precious metals are moving too far too fast and are due for a correction. Buy on the dips if you can.

You really don't need a lot of money to get started if you haven't already. I read one person's plan for investing in silver. Although this person is on a fixed income, he makes it a point to buy one or two silver dollars at his local coin shop every few weeks. Small but steady.

Totals for Silver American Eagles so far in October are as follows: 1,350,000 with year-to-date totals at 26,830,500. Compare that to Gold American Eagles which so far in 2010 have consumed 1,006,500 ounces of gold.

Happy investing.

Silver Investing - Higher Premiums For Silver Eagles

Premiums for Silver American Eagles are higher due to a recent announcement by the U.S. Mint that they are raising their wholesale pricing above spot to all authorized dealers from $1.50 to $2.00. This news has already had an effect on dealer pricing as prices for Silver Eagles have jumped over $0.50/oz industry wide. How this will affect the premiums for generic silver rounds has yet to be determined. If investors favor silver rounds to Silver Eagles, you can expect the premiums to rise for them also.

Current numbers for American Silver Eagles from the U.S.Mint are as follows: September total stands at 1,880,000. They have already posted 325,000 Silver Eagles for October (one day) which brings the year-to-date total at 25,805,500. This is turning out to be a record year for these popular silver bullion coins. The total for all of 2009 was 28,766,500 and we still have three months to go.

Happy investing.

Silver Investing - Silver at 30 Year Highs

The price of silver is enjoying some nice gains and is very close to 30 year highs last seen in October of 1980. As I write this post, spot silver is at $21.44 per troy ounce. James Turk, an expert on precious metals and founder of GoldMoney, said in a recent interview that silver could reach $30 per ounce within the next few weeks. I would not be totally shocked if it did as silver prices can be very explosive - in either direction.

According to the latest U. S. Mint reports, the total Silver American Eagles produced in September (as the month winds down) stands at 1,220,000 with a year-to-date total at 24,820,500. I don't understand that low number so late in the month but maybe there will be an adjustment in early October as occurred with August's total in early September.

Happy investing.

Silver Investing - $20 Silver

In case you haven't noticed, silver has been bobbing above and below the magic $20 mark. As I write this post, silver is at a solid $20.56 per troy ounce. Can it dip below $20 again? Yup, but the trend is up and, according to many "experts", it is due to go much higher. I hope you are in.

With September half over, the U.S. Mint posted just 390,000 Silver American Eagles produced so far this month. I don't know what to make of this low number. Also in (early) September, they adjusted the August silver eagles produced from 1,906,000 to 2,451,000. Maybe their web master was on vacation so the correct numbers couldn't be posted in time. Year-to-date the silver eagle total stands at 23,990,500.

Happy investing.

Silver Investing - August Silver Eagle Total

The total number of Silver American Eagles produced in August, as posted on the U.S. Mint web site, comes in at 1,906,000. That is the lowest monthly total so far in 2010. February's total was the next lowest at 2,050,000. The Year-To-Date total of Silver Eagles stands at 23,055,500.

Regarding silver investments, more advisors are saying that silver is the precious metal with the most potential for significant profits. I have come across a few articles you may find of interest that are bullish on silver. The first is from Allen Sykora at Kitco News and you can read it here.

The second silver article, Silver is Set to Shine, is by Jeffrey Nichols and is posted on the Resource Investor web site. You will find it here.

Have you started with your silver investments yet?