PRECIOUS-Silver hits 31-year top, iShares Silver at record

2011-04-05 03:19:57 GMT (Reuters)

* Silver hits highest since early 1980

* iShares Silver Trust holdings hit record

* Coming Up: U.S. ICSC chain stores yy Weekly; 1145 GMT (Updates prices, adds quotes)

By Lewa Pardomuan

SINGAPORE, April 5 (Reuters) - Silver jumped to its highest since early 1980 on Tuesday on inflation concerns, a rise in ETF holdings to another record and growing industrial demand, while gold hardly moved as the euro held below this week's five-month high versus the dollar.

In addition to rising investment demand for silver as a cheaper alternative to gold, an expected increase in physical buying from China was likely to support the metal, which gained 22 percent in the first quarter -- its ninth consecutive quarterly increase.

Silver , widely used in electronics manufacturing, rose as high as $38.73 an ounce and was quoted at $38.64 an ounce by 0301 GMT, up 22 cents.

"We do see a lot of demand for silver from China, so we think silver used in solar panels have increased. We think China will have a lot of demand for silver in the medium to long term," said Natalie Robertson, commodities strategist at ANZ in Melbourne.

"With China focusing more on renewable energy, especially after the nuclear crisis in Japan, they will probably be developing a lot more solar panels. Fundamentally, the silver picture looks very strong as well."

Read more @ ORIGINAL SOURCE

The Silver Log (04.04.2011) - Breakout signs appear.

Trader Dan Norcini's Silver - 8 hour chart update [Monday, April 4, 2011]

Buy silver to hedge against global turmoil [April 4, 2011, 12:01 a.m. EDT]

Commentary: Use the price movements to protect yourself

By Gil Morales and Chris Kacher

LOS ANGELES (MarketWatch) — In a world awash in fiat currencies, many investors have turned to silver and gold for protection.

That’s because the precious metals are a natural hedge against devaluing currencies.

But, while the two metals tend to move together, they frequently differ in their price velocity — and, in recent months, silver has outperformed gold, essentially playing “catch up” with the much pricier “yellow metal.”

Read more @ ORIGINAL SOURCE

Precious Metals to Soar - CNBC.com

Airtime: Mon. Apr. 4 2011 | 10:05 AM ET
Hans Goetti, CIO at Asia Finaport, believes gold and silver will outperform as long as central bank continue to expand their liquidity programs.

Precious Metals to Soar - CNBC.com

Silver markets-On the edge with Max Keiser-01-04-2011-(Part1)

Jim Rogers : Don't sell your silver CNBC 31 March 2011

The Silver Log (04.01.2011) More sideways action [By Derek from thesilverlog]

Where has Silver come from and where is it going?

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch


-- Posted 1 April, 2011

Nasdaq Bubble, Real-Estate Bubble… Silver Bubble? [By: Michael Kilbach]

-- Posted 1 April, 2011


Is silver in a bubble?  In our opinion; no.  But what can we learn from past bubbles? There are many ways to detect an investment bubble including extreme positive market sentiment, outrageous demand and speculation, widespread mainstream acceptance that the investment is a “sure thing” etc.  In this article we would like to focus on the big picture perspective of a markets price performance.


Read more @ ORIGINAL SOURCE

Thursday, March 31, 2011: Silver Update

According to Trader Dan Norcini, quote:

"Silver continues to work within what appears to be a new and higher consolidation zone bounded by the level near $38 on the topside and supported on the bottom near the $37-$36.80 level."

"It will need to push through $38 and hold those gains to launch a new trending leg higher."

"Trend following indicator is now in a buy mode but the market must take out $38 to confirm the signal that a new trend is underway. A move that fails to clear $38 will confirm the top of the range is intact and will let price drift back lower once again to test the lower level of the range."

[Source: traderdannorcini.blogspot.com]

THE EXTRAORDINARY SILVER FUNDAMENTALS: 9 to 1 Silver to Gold Ratio

Mar 29, 2011

US DOLLAR HAS CANCER - Mike Maloney

March 29, 2011

Apple Inc. Vs. Physical Silver

Silver Price Suppression: How, Why and Effect [By: Rob Kirby]

-- Posted 28 March, 2011

This paper is written as a response to market observers who opine, “how can the price of precious metals be suppressed when their prices have empirically gone up 4 fold and more over the past 10 years?”

The following graph depicts the price performance of silver over the course of 2010, paying special attention to the change in silver derivatives positions at both J.P. Morgue and HSBC:

Read more @ ORIGINAL SOURCE

Monday's Analytical Chart for Silver

28 March 2011, 09:10 a.m. 
By Jim Wyckoff 
Of Kitco News www.kitco.com

First signs of a parabolic spike for silver [By: Peter Cooper]

-- Posted 27 March, 2011



Any investor in silver must have found the past six months pretty exciting. This precious metal has more than doubled in that time. The pessimists see a high flying price heading for a fall, and they did so last autumn before this take-off.
For other chartists this increasingly looks like a repeat of the 1978-80 silver price blow-off with a super spike to $50, a price that has still yet to be achieved 31 years later.


Read more @ ORIGINAL SOURCE

Buy, Hold, and Keep on Buying Gold and Silver [by Franklin Sanders]

Quote:


Never mind all that. I feel like I'm waking up from an evil spell, cast on me by the gold and silver bear wizards. "Expect it to go down! Expect it to go down!" they kept droning at me, then my brain woke up and said, "Are y'all CRAZY? We are in a primary uptrend, a bull market, and there is one and only one strategy for a bull market: buy, hold, and keep on buying because it's going higher!"
Franklin Sanders


Read more @ ORIGINAL SOURCE

$60 SILVER, DEFAULT, MINING SHARES TO SOAR : Bob Chapman, Part 2 of 2

Mar 26, 2011

DOLLAR DOOMED: Bob Chapman, Part 1 of 2

Mar 26, 2011