Is Silver undervalued? | Bitcointalksearch.org

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Quote from: Mr.sprin on July 04, 2024, 11:55:51 PM

Yes, bro, the price of silver is currently low, but demand is increasing so that one day the price of silver will soar high, so that it can match gold, or be above the price of gold, investors have warned about the increase in the price of silver in the future, It can be a pretty big investment if we prepare it from now on, it can be called a long-term investment where now the price of silver is going down and down, someday it's not certain when it will go up, so those of us who invest a lot in silver from now on will enjoy the profits we receive.

Why would Silver surpass Gold in price? It's like saying Litecoin will surpass Bitcoin in price. It doesn't make any sense. Especially when Silver's supply is greater than Gold's. By definition, the scarcer an asset is, the more valuable it will be. Assuming demand stays high for prolonged periods of time.

I know Silver hasn't brought investors' attention as much as Gold these days. Almost everyone considers Gold to be the best store of value during times of crisis. Silver has always been the second option. Sooner or later, the "white metal" will reach a new ATH. Demand will soar once all the Silver is extracted (mined) from Earth. There will be a huge supply shock, triggering market prices to levels never seen before. Just buy, and "hodl", and forget about the rest. Cheesy

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Quote from: wxa7115 on July 04, 2024, 02:02:24 AM

Silver becoming just an industrial metal is not so bad if you think about it, silver is used in all kind of industrial processes which make the silver difficult to recover, so as the demand increases because of the push to move to green energies, and the miners fail to meet the demand, a drop on the world reserves of the metalis to be expected during the next years.

If true, then silver is likely poised to go up in value for the foreseeable future, so I can see silver being a good investment during the upcoming years.

Yes, bro, the price of silver is currently low, but demand is increasing so that one day the price of silver will soar high, so that it can match gold, or be above the price of gold, investors have warned about the increase in the price of silver in the future, It can be a pretty big investment if we prepare it from now on, it can be called a long-term investment where now the price of silver is going down and down, someday it's not certain when it will go up, so those of us who invest a lot in silver from now on will enjoy the profits we receive.

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Quote from: wxa7115 on July 04, 2024, 02:02:24 AM

Silver becoming just an industrial metal is not so bad if you think about it, silver is used in all kind of industrial processes which make the silver difficult to recover, so as the demand increases because of the push to move to green energies, and the miners fail to meet the demand, a drop on the world reserves of the metalis to be expected during the next years.

If true, then silver is likely poised to go up in value for the foreseeable future, so I can see silver being a good investment during the upcoming years.

Maybe. Just maybe. The thing is, we haven't seen much progress in transitioning to green energy. If Mr. Trump wins the presidency in the US, he will reject anything that has to do with climate change. Trump himself promised to boost oil production in the country ("Drill baby, drill"). Burning fossil fuels will exacerbate the problem.

If the world takes a step back in going green, I don't see Silver gaining traction anytime soon. Only a supply shock would boost market prices all the way to the moon. We'd have to wait until the "Gold hype" ends to see what happens. The future can't be predicted, so lets hope for the best. Undecided

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Quote from: Abiky on July 02, 2024, 08:21:32 PM

Quote from: BitGoba on June 28, 2024, 03:39:13 AM

Silver has lost its monetary premium and become merely an industrial metal. Over the past 100 years, silver has been demonetized by gold. Gold is a harder form of money than silver. Bitcoin is a harder form of money than gold. Harder forms of money always win and become monetized. Silver has permanently lost its monetary premium and will remain an industrial metal, with demand solely for industrial use.

So based on what you've said, does that mean Gold will eventually lose its monetary premium and become an industrial metal like Silver? I doubt it. Although, Bitcoin has long been hailed as Gold's successor. If that's the case, then Litecoin could easily become Silver's successor. I still think there's a place for precious metals as a store of value. Especially when they can be used offline. Crypto's biggest downside is that it requires an Internet connection and power (as in electricity). You can't use BTC or LTC during an emergency, the same way you can use Silver or Gold.

Despite Silver being less scarce than Gold, that doesn't mean it can't become extremely-valuable in the future. I consider it undervalued right now because Gold had higher gains within a short amount of time. Who knows? Maybe it's time to grow our Silver collection. The future is unpredictable, so expect the unexpected.

Silver becoming just an industrial metal is not so bad if you think about it, silver is used in all kind of industrial processes which make the silver difficult to recover, so as the demand increases because of the push to move to green energies, and the miners fail to meet the demand, a drop on the world reserves of the metal is to be expected during the next years.

If true, then silver is likely poised to go up in value for the foreseeable future, so I can see silver being a good investment during the upcoming years.

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Quote from: BitGoba on June 28, 2024, 03:39:13 AM

Silver has lost its monetary premium and become merely an industrial metal. Over the past 100 years, silver has been demonetized by gold. Gold is a harder form of money than silver. Bitcoin is a harder form of money than gold. Harder forms of money always win and become monetized. Silver has permanently lost its monetary premium and will remain an industrial metal, with demand solely for industrial use.

So based on what you've said, does that mean Gold will eventually lose its monetary premium and become an industrial metal like Silver? I doubt it. Although, Bitcoin has long been hailed as Gold's successor. If that's the case, then Litecoin could easily become Silver's successor. I still think there's a place for precious metals as a store of value. Especially when they can be used offline. Crypto's biggest downside is that it requires an Internet connection and power (as in electricity). You can't use BTC or LTC during an emergency, the same way you can use Silver or Gold.

Despite Silver being less scarce than Gold, that doesn't mean it can't become extremely-valuable in the future. I consider it undervalued right now because Gold had higher gains within a short amount of time. Who knows? Maybe it's time to grow our Silver collection. The future is unpredictable, so expect the unexpected.

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Silver is not undervalued. Since the beginning, the price of silver is lower than the price of gold. However, it is not only lower, it is much lower. Even if the price of silver rises in line with gold, it is not so noticeable because it is much lower.

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Quote from: kryptqnick on June 30, 2024, 06:56:07 AM

I believe that silver will grow in price in the long run. It's been around for a very long time and while normally appreciated less than gold, it's been consistently considered valuable. Silver is also great because it's useful: it is essential for photography, solar cells, and batteries overall, as well as useful for medical purposes. So it's not just a useful metal; it's useful for purposes that aren't going to get obsolete and in industries that are likely to continue growing. Taking this all into account, I agree that silver is undervalued and that we're likely to see it grow in the future.

Metals like gold and silver will continue to rise in price over the long term as the devaluation of fiat currencies will cause their value to increase. But more importantly we need to evaluate which asset will have better growth between gold and silver, and I think gold is better.

The demand for silver is as great as gold because in addition to making jewelry, it is also used in many industries as you mentioned. But as you can see, silver's value hasn't grown as fast or as strongly as gold, and I think there's a reason for that. As far as I know, silver is in large supply and much easier to mine than gold, which is why it cannot compete with gold and I don't think it is undervalued.

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I believe that silver will grow in price in the long run. It's been around for a very long time and while normally appreciated less than gold, it's been consistently considered valuable. Silver is also great because it's useful: it is essential for photography, solar cells, and batteries overall, as well as useful for medical purposes. So it's not just a useful metal; it's useful for purposes that aren't going to get obsolete and in industries that are likely to continue growing. Taking this all into account, I agree that silver is undervalued and that we're likely to see it grow in the future.

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It has been undervalued for a very long time imo. Gold/silver ratio is out of the whack. Silver/usd is the same. You can check every chart, every pair and it will tell you that silver is undervalued. I have been holding some phys silver for a while and I am not selling any unless it reaches at least $100/ounce. Even then I won’t be selling all of my stack. It is because nobody can predict the next ATH price. Maybe it will go as high as $500/ounce. Who knows? I don’t want to lose that opportunity.

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Quote from: Baki202 on June 28, 2024, 06:12:12 AM

Is not only in your country it’s every were silver always have a lesser value and the only thing it is used for it is for jewelry actually. Even before B.D or A.D when most of this resources are used as a symbol of money, gold was the one topping and silver was like a lesser amount to pay. So silver not having value did not start today. And instead of even considering anything I would have preferred is not more than gold because it even have a good resell value compare to silver. This period people are smart already so I don’t see a reason why they will want to be keeping silver except if it is for jewelry, not a bad idea since their money to make from selling them. If it is diamond that’s crazy because diamond is another level on its own. Rare and expensive ordinary people don’t deal with diamond. Hold something that is profitable.

I agree, silver has never been all that much valuable, I mean it was valuable as a coin back in the day, because you couldn't just have gold coins, there were times in many states where it was impossible to print many gold coins, so they instead tried to make it from silver, and it had some value back in that day.

However, if we are talking about the current situation then we could say that silver lost all its value aside from just jewel. By the way, that is not nothing neither, because you could make some seriously good looking stuff with it, if you look at it as resource to build something instead of an asset to invest then it has immense value, because it is a great material to make something from it, just look at it that way.

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The fact that the market value of silver is not high does not mean that it is undervalued. There is every tendency that price will eventually hit a valuable market price once there is excess demand. thou it might take time to be achieved, but I believe it will actually be a history in the future.

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I think yes, because silver compared to gold or others tends to have a much cheaper price.
The reason is, the supply of silver is much greater than gold throughout the world. However, it will be much more profitable for someone buying on a limited budget.
This also causes the high demand for silver as fashion among women and even men.

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Silver is not undervalued, its just the market rate and considering there is a regular supply with reserves to meet demand its the right price. In 2011 the price was already $50 and it collapsed from there because it had become overdeveloped in a speculative way not a usable case by genuine demand. The problem with speculative demand is it able to reverse so easily to become supply.

The market can change along with actual usage altering. We all anticipate silver becoming more of a monetary metal but its not here now. The old saying was to buy a coin every year you work, it could take a decade or more for a situation to develop where these holdings are profitable when selling. I'm bullish on the miners so long as they are diversified, able to meet their costs. They cannot be too leveraged and reliant on dollar being cheap, if able to extract metal and sell it cheap enough to gain a margin of profit its a good sector.

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Quote from: Peanutswar on June 27, 2024, 10:07:53 AM

In my country people keep ignoring the value of silver unless its part of the jewelry most of the time they keep holding and giving precious value is gold because they know it has a higher potential of the price goes up by time goes by also people now seeing the gold as a mark of their status once they saw you wear item like gold they will notice that you are higher above them I guess next in that is the diamond in case of the hierarchies as per observation here. Personally if have the chance at least those gold, diamond, and silver to keep with I will hold as long as I'm satisfied with the price.

yes in some countries silver is made into jewelry but they process it and mix it with other metals to make it more attractive when formed, and silver also for the current market can be worth more or less,depending on the current industry, and likewise gold has a very valuable value and never drops drastically while maintaining its value, likewise diamonds are equally valuable depending on the person as long as we have a lot of money I want to have them and keep them for the long term while the price is high and stable enough.

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Quote from: Peanutswar on June 27, 2024, 10:07:53 AM

In my country people keep ignoring the value of silver unless its part of the jewelry most of the time they keep holding and giving precious value is gold because they know it has a higher potential of the price goes up by time goes by also people now seeing the gold as a mark of their status once they saw you wear item like gold they will notice that you are higher above them I guess next in that is the diamond in case of the hierarchies as per observation here. Personally if have the chance at least those gold, diamond, and silver to keep with I will hold as long as I'm satisfied with the price.

Is not only in your country it’s every were silver always have a lesser value and the only thing it is used for it is for jewelry actually. Even before B.D or A.D when most of this resources are used as a symbol of money, gold was the one topping and silver was like a lesser amount to pay. So silver not having value did not start today. And instead of even considering anything I would have preferred is not more than gold because it even have a good resell value compare to silver. This period people are smart already so I don’t see a reason why they will want to be keeping silver except if it is for jewelry, not a bad idea since their money to make from selling them. If it is diamond that’s crazy because diamond is another level on its own. Rare and expensive ordinary people don’t deal with diamond. Hold something that is profitable.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Silver has lost its monetary premium and become merely an industrial metal. Over the past 100 years, silver has been demonetized by gold. Gold is a harder form of money than silver. Bitcoin is a harder form of money than gold. Harder forms of money always win and become monetized. Silver has permanently lost its monetary premium and will remain an industrial metal, with demand solely for industrial use.

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Quote from: STT on June 27, 2024, 08:38:41 AM

Robert needs to be a scientist before I believe his predictions for silver. Silver is valuable when its being used but we had a drop in demand in recent years and its only starting to recover long term from usage in green energy.

Photos used to consume quite a bit of silver apparently and thats gone but silver is useful and unique in it properties in other ways. So I expect more demand from growth in usage but Robert needs to tell us where and which discovery he has made for the next big usage of silver. Its not been found just yet.

Silver can be a monetary metal but if this is your reasoning go with copper first. Copper is also a monetary metal going back thousands of years. In the last decades the Chinese were using batches of copper as a proxy for currency before this was banned, it was no doubt superior to paper. Right now copper has great demand from growth in its many uses, its no longer that cheap. Like silver, in a secondary way it can be considered money at some level.

I agree Silver growth can be greater then gold but its also a more difficult road to travel. I've seen a miner go 20x its lows and it was the largest mine in the world so not easy to move in price.

Silver always had that usefulness as money, the same way as Gold. It's been used for centuries. Even if it's undervalued, demand for the white metal hasn't diminished yet. Good to know that demand for copper is rising. But you and I know its value won't nowhere near as close to Silver or Gold due to its high availability. It's not even a "precious metal".

Platinum is often considered as a strong alternative to both Silver and Gold. In fact, Platinum and Silver look very much alike (except Platinum is shinier). I'd buy and hold both of these metals just in case. You'll never know when prices will go all the way to the moon. Who knows? Maybe Silver will finally go all the way to $50 per ounce. We just need to be patient. Just avoid investing what you can't afford to lose, and you'll have nothing to worry about. Wink

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Yes, I agree with your thoughts and I also believe that Silver is extremely undervalued but there's no surety that either it will get higher in value or it won't.

There's less demand for Silver as compare to gold and there's more demand for gold and similarly the supply of gold is less as compare to that of silver.

When something is high in supply low in demand then that thing doesn't get appreciated in value and when something is low in supply and high in demand then that thing gets appreciated in value.

So in future there's chance that we may see Silver at higher values but gold will surely get higher growth even if silver grows in value.

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I have never understood the value of silver that much, some people do love it a lot, but not me. I get bitcoin, I get the need for gold as well, that is understandable, not that gold is backing anything anymore so it still doesn't feel like it's a must, rare source that's true but not that important anymore, but silver? Not only it is worse than gold, it is also not needed that much and we have a lot of it anyway, so it is not really like that much of an important thing.

I believe that we should honestly start considering how to drop silver from investment world, or just let people do what they want if they want to, but I would avoid it a mile from me because I do not think that it would be undervalued when I value it nothing.

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I'm not fond of precious metals but I'm starting to read it again that whenever there are rumors of war, people are suggesting to put their assets in it just like gold. I don't know if these folks who have suggested this technique have heard of Bitcoin which is easy to carry and runaway if some unfortunate event comes to their areas.

Quote from: DeathAngel on June 21, 2024, 08:48:43 AM

I don’t think it’s undervalued no, I think it’s at the price it should be. I’m not even a fan of Gold but less so Silver. It was a great investment 100 years ago or more but Bitcoin is much better, I would even prefer stocks to Silver.

I agree, in the past, it's way better and there's been the great gold rush for actual gold and the same goes for silver and you said it right about more than a century. We're in a different era today and no doubt that if someone wants to invest their hard earned money and they are in between of silver and Bitcoin, no doubt that BTC is the better candidate and choice.

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In my country people keep ignoring the value of silver unless its part of the jewelry most of the time they keep holding and giving precious value is gold because they know it has a higher potential of the price goes up by time goes by also people now seeing the gold as a mark of their status once they saw you wear item like gold they will notice that you are higher above them I guess next in that is the diamond in case of the hierarchies as per observation here. Personally if have the chance at least those gold, diamond, and silver to keep with I will hold as long as I'm satisfied with the price.

STT

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Robert needs to be a scientist before I believe his predictions for silver. Silver is valuable when its being used but we had a drop in demand in recent years and its only starting to recover long term from usage in green energy.

Photos used to consume quite a bit of silver apparently and thats gone but silver is useful and unique in it properties in other ways. So I expect more demand from growth in usage but Robert needs to tell us where and which discovery he has made for the next big usage of silver. Its not been found just yet.

Silver can be a monetary metal but if this is your reasoning go with copper first. Copper is also a monetary metal going back thousands of years. In the last decades the Chinese were using batches of copper as a proxy for currency before this was banned, it was no doubt superior to paper. Right now copper has great demand from growth in its many uses, its no longer that cheap. Like silver, in a secondary way it can be considered money at some level.

I agree Silver growth can be greater then gold but its also a more difficult road to travel. I've seen a miner go 20x its lows and it was the largest mine in the world so not easy to move in price.

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Quote from: Abiky on June 27, 2024, 05:54:32 AM

Quote from: dezoel on June 24, 2024, 10:49:34 PM

It is true that until gold disappears from the market or is out of reach of the common man, the price of silver will not increase. About 20 years ago I bought gold and silver of the same value, and now that gold is giving me 20 times more than what I bought it for, and silver only twice, although I have very little gold and silver, but still the price of silver is not that much in 20 years. The higher the demand for the commodity, the higher the value of the commodity.

Bitcoin also has a lot of demand and has become more valuable and now Bitcoin is almost out of the reach of the common people, so is gold. Also, 15-20 years ago, the price of gold was not so high that even a poor person could buy it, but now even a normal rich person can't buy gold and in the future, I think gold will be beyond the reach of common people. This is why many people are buying gold instead of investing in Bitcoin because they feel that gold will pay them more in the future than Bitcoin.

Silver might not give you large returns over the long term, but at least, it's stable enough to help protect yourself against inflation. Gold and BTC will always yield greater results. This is because of their limited supply and high demand across mainstream markets.

I see Silver as the equivalent of Litecoin in the crypto space. It doesn't rise that much in value, but it's considered a store of value just like Gold. People can get into Silver if they find themselves unable to purchase Gold. Silver did reach $50 an ounce two times in the past (AFAIK). Who's to say history won't repeat itself again? Cheesy

But I think if someone can afford silver then they can also afford gold, so why don't we buy gold in the first place when it can bring more benefits than silver? Gold is completely superior in both fighting inflation and providing better returns so there is no reason for us to buy silver. So I think those who invest in silver instead of gold because they have their own calculations and maybe they expect silver to give higher returns than gold.

Similarly, if bitcoin and litecoin gave the same returns then no one would invest in litecoin, they would invest in LTC simply because they expected it to give better returns than bitcoin.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

There's a bigger global supply of silver and the utility of silver(the ability to be used as a raw material in different industries) is lower, compared to other precious metals. That's why silver is a relatively cheap precious metal and I don't think that silver is undervalued. The current price of silver is the fair price. However, the money printer in the US Federal Reserve is still working and I expect the prices of all precious metals to keep going up(mostly because the US dollar will keep losing value, not because the precious metals are increasing their value).

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Quote from: dezoel on June 24, 2024, 10:49:34 PM

It is true that until gold disappears from the market or is out of reach of the common man, the price of silver will not increase. About 20 years ago I bought gold and silver of the same value, and now that gold is giving me 20 times more than what I bought it for, and silver only twice, although I have very little gold and silver, but still the price of silver is not that much in 20 years. The higher the demand for the commodity, the higher the value of the commodity.

Bitcoin also has a lot of demand and has become more valuable and now Bitcoin is almost out of the reach of the common people, so is gold. Also, 15-20 years ago, the price of gold was not so high that even a poor person could buy it, but now even a normal rich person can't buy gold and in the future, I think gold will be beyond the reach of common people. This is why many people are buying gold instead of investing in Bitcoin because they feel that gold will pay them more in the future than Bitcoin.

Silver might not give you large returns over the long term, but at least, it's stable enough to help protect yourself against inflation. Gold and BTC will always yield greater results. This is because of their limited supply and high demand across mainstream markets.

I see Silver as the equivalent of Litecoin in the crypto space. It doesn't rise that much in value, but it's considered a store of value just like Gold. People can get into Silver if they find themselves unable to purchase Gold. Silver did reach $50 an ounce two times in the past (AFAIK). Who's to say history won't repeat itself again? Cheesy

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Quote from: michellee on June 24, 2024, 02:59:46 AM

If gold still existed, people will still buy gold than silver although some people started buy silver. Maybe that is why silver still under valued. But when gold becomes rare, people will looks for the cheap option and that will be silver.

You can hold silver from now on besides of hold gold and Bitcoin. When gold becomes rare and too high to buy, silver will start increase its price. That will be the time for you to take profit from silver by selling silver. But you must thinks where you will save silver.

When the gold price is not increase so high, silver will not increase and still stable like now. People who wants to buy and collect silver can do that before the silver price increase. Gold is like Bitcoin and silver is like Litecoin Grin

It is true that until gold disappears from the market or is out of reach of the common man, the price of silver will not increase. About 20 years ago I bought gold and silver of the same value, and now that gold is giving me 20 times more than what I bought it for, and silver only twice, although I have very little gold and silver, but still the price of silver is not that much in 20 years. The higher the demand for the commodity, the higher the value of the commodity.

Bitcoin also has a lot of demand and has become more valuable and now Bitcoin is almost out of the reach of the common people, so is gold. Also, 15-20 years ago, the price of gold was not so high that even a poor person could buy it, but now even a normal rich person can't buy gold and in the future, I think gold will be beyond the reach of common people. This is why many people are buying gold instead of investing in Bitcoin because they feel that gold will pay them more in the future than Bitcoin.

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Quote from: Porfirii on June 21, 2024, 07:40:12 AM

I remember hearing the same speculation a few years ago, but now it is even more true that gold may be comparatively overvalued after the last rise(s).

But the fact that silver hasn't performed so well doesn't mean that it will necessarily do it anytime soon. The market is unpredictable and, many times, doesn't follow any logic (at least on beforehand: when thinks happened it is always easy to build a narrative).

Probably got it from Robert Kiyosaki, and that was back in 2020. To be very honest even as a fan of his work and a massive proponent of bitcoin, I didn't really believe him when he says silver will be so valuable in the near future, however how things are working right now for Gold and other precious metals, it seems as though silver's being slingshotted into a massive propulsion, or left behind by the entire market, although the former of course is a much more plausible case than the latter.

In any case, less speculation, more investments, Silver's been a tried and tested store of value for centuries now, so unless we're living in the end of the Roman Empire I think we're all good with investing in silver by bulk.

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Quote from: DeathAngel on June 21, 2024, 08:48:43 AM

I don’t think it’s undervalued no, I think it’s at the price it should be. I’m not even a fan of Gold but less so Silver. It was a great investment 100 years ago or more but Bitcoin is much better, I would even prefer stocks to Silver.

Of course, Bitcoin is better. Even Litecoin is better than Silver. But I believe there's still a place for precious metals. Especially when they can be used at times of crisis. You can't use crypto when there's no Internet connection. The gray metal's (Silver) low market prices could be a result of its utilitarian purposes instead of a long-term investment or store of value. You can find Silver anywhere, especially in jewelry. Markets are often unpredictable, so anything can happen.

We should take advantage of current market prices before they soar. IF by any chance Silver reaches a new ATH. $50 per oz is closer than we've though. If Gold goes to $3k, then maybe Silver will reach said price. Who knows? Cheesy

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon.

Eh....you never know. I've been watching the silver market for years now and didn't expect it to get to $30 when it did. I just figured it would continue to stagnate as it has since it hit a high back in 2011. But you're right that gold is inexplicably outpacing silver by a wide margin--at least I don't have an explanation for it, aside from the fact that a large part of the world's population values it very highly as jewelry and a better store of value than other metals.

But the question is whether silver is undervalued. That's almost like asking if litecoin is undervalued because it's lagging so far behind bitcoin. There's just no good way to answer that, because there's no good way to put a price on something that can't be analyzed like a stock can be. Remember, the price you see reported for gold & silver comes from futures traders, not from real-world physical transactions, and that further complicates silver's valuation.

I could blabber on and on, but the TL;DR is that with assets whose values depend solely on supply and demand (or heavily tilted toward demand when supply is close to being fixed), it's all guesswork.

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If gold still existed, people will still buy gold than silver although some people started buy silver. Maybe that is why silver still under valued. But when gold becomes rare, people will looks for the cheap option and that will be silver.

You can hold silver from now on besides of hold gold and Bitcoin. When gold becomes rare and too high to buy, silver will start increase its price. That will be the time for you to take profit from silver by selling silver. But you must thinks where you will save silver.

When the gold price is not increase so high, silver will not increase and still stable like now. People who wants to buy and collect silver can do that before the silver price increase. Gold is like Bitcoin and silver is like Litecoin Grin

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Silver's dual role as a precious metal and industrial commodity makes its valuation complex. It may be undervalued considering recent trends, but factors like industrial demand and market sentiment play crucial roles. Cool

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Never compare between gold and silver. There is a good reason why Silver does not mirror the pricing trend of gold.

Unlike gold, silver has extensive industrial applications, particularly in electronics, solar panels, and medical equipment. This industrial demand ties silver’s price to broader economic conditions, which can suppress its price during economic slowdowns despite geopolitical conflicts. If the gold price increases, the price of many such items will have to be increased to maintain profitability. That's the reason why Silver will not perform similarly as gold without a significant shift in industrial demand or investment behavior.

I consider the current pricing trend silver is good for the overall economy.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Without a doubt silver is undervalued, but there is no way to know when the market will finally react to this fact, and taking into account how slow the precious metals market can move, this could take a decade at least.

However despite all of this I consider silver a good investment, but make sure to get the actual silver and not paper silver, as even if they are easier to trade, when silver finally moves up in value you will be unable to take advantage of that movement, since the majority of that paper silver is not backed by actual silver.

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Market value is dependent with supply and demand. Not undervalued but might be haaving higher resources of this mineral in comparison with gold. I cannot say it is undervalued 'coz it is still being used with jewelries and with its other functions. If its resources becomes limited and its usage will remain, then I think that would be the time Silver will have a higher market value. I also read some comments that Gold is overvalued but I cannot agree with it. Same idea sits on its case wherein there is a constant demand for gold and it just happened that its resources is limited with few countries which makes its value higher than other minerals in world market.Regardless, we cannot assume equality between gold and silver because these two serves different usage or function for the mankind. Although it has lots of similarities but that won't be enough for their market prices to equate.

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Quote from: Mate2237 on June 22, 2024, 03:42:18 PM

Gold is even more pronounced than Silver. I don't even know where one can fine Silver but at least we all k ow where Gold can be mined. It is about 3 weeks now in Nigeria those who were mining Gold are trapped in the cave, and they are still there and I don't think those guys are still alive. And that is one of the dangerous thing in Gold mining. Because they have to dig in the ground to look for Gold and if the potholes are blocked then everyone die in. And I don't know if there is any modernity to solve this mining technics.

And Silver is also an asset the it would not be devalued in the would because it is useful as others though it might not be value as Gold.

Silver is not more valuable than gold because it is easier to mine and process, and there are more silver resources on the surface of our earth than gold. You don't know where silver is mined because you don't care about it like gold, and focusing on gold has been a human habit for thousands of years and has spread until now. Therefore, it is not surprising that when discussing gold, people are very interested and have many things to discuss, but with other metals such as silver and copper, people do not show any interest.

Not only gold mining, mining any mineral resource also carries a lot of risks because we have to mine deep underground and this is not as easy a job as above ground work as we see.

Silver does not depreciate, but its value is unlikely to increase as high as gold or bitcoin because the demand for it is not so high and as I said, mining and the amount of silver on the surface of the earth is not as scarce as gold.

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Quote from: Reatim on June 22, 2024, 11:54:40 PM

Prices or value of an asset are more often than not created due to the perception of people in general. We can't deny that gold is more often thought as the rarer and more special out of the two despite silver being used more in industrial sectors.

Maybe that is the reason why gold is seen as more valuable, it is only seen as jewelry and is held as an asset while we see silver in a lot of places in our everyday lives. I do think silver could be priced more due to its uses but today's price is not the end of the world and can still change over time.

Gold got the benefit of stereoytpe that its an anti inflationary piece of investment and also there are many people that believes its the true currency, in that regard also the reason why so many people decide to hoard gold as much as they can.
from this alone can help massively in raising the price of gold, granted that the use case maybe significantly less than the other precious metals but gold still valued because people think it has value.

I think that perception really does play a big role in determinining the value of a thing, just like how diamond is also valued high because its a symbol of wealth.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

At a time, the price of Bitcoin was more than that of silver and almost caught up with the price of gold, but that's not to say that the metal has lost its value.
it could be due to several reasons like Bitcoin being the fastest return on a good investment as compared to silver and that's why investors prefer to acquire and trade BTC, than buy and trade silver of which its trade, is across many conflict ridden borders and regions and it has become even more difficult to refine due to the rising cost of the economy and the right materials.

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Prices or value of an asset are more often than not created due to the perception of people in general. We can't deny that gold is more often thought as the rarer and more special out of the two despite silver being used more in industrial sectors.

Maybe that is the reason why gold is seen as more valuable, it is only seen as jewelry and is held as an asset while we see silver in a lot of places in our everyday lives. I do think silver could be priced more due to its uses but today's price is not the end of the world and can still change over time.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

I concour to that. Silver was once an asset with good potential but as time goes on its value keep dipreciating though it still has it usefulness in terms of using it for production but there is one thing that makes people not to focus on those old stock which is the disadvantages over the advantage. Those assets like gold and silver where once a loved and cherished item but people begin to see reason to why they no longer need them whis is the existence of bitcoin. Bitcoin is an asset that can never be compeard to any physical assets. Bitcoin is compatable which means you can send thousands of bitcoin or millions of Bitcoin to a wallet yet is like nothing of such never existed except you told someone you have that amount no body will know. But if you buy silver worth $1m you will need to build a store for it which will occupy space compeard to bitcoin wallet which no one knows the quantity you have in your wallet. Bitcoin is traded online at the comfort of your zone with higher volatility.

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In my opinion, silver should not be undervalued as an investment. While there is a view that investing in silver is relatively easier and safer than other investments such as shares and bonds, it is important to remember that any form of investment requires a good understanding of the market and the risks involved.
With limited silver mining causing prices to rise, including silver in an investment portfolio as a diversifier could be a smart move. However, that doesn't mean investing in silver doesn't require any knowledge at all. To optimize profit potential and manage risk, a deep understanding of precious metals market dynamics is required.
Therefore, even though silver is considered a relatively safe and easy to understand investment, good knowledge and understanding is still required so that this investment provides optimal results in the long term.

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Gold is even more pronounced than Silver. I don't even know where one can fine Silver but at least we all k ow where Gold can be mined. It is about 3 weeks now in Nigeria those who were mining Gold are trapped in the cave, and they are still there and I don't think those guys are still alive. And that is one of the dangerous thing in Gold mining. Because they have to dig in the ground to look for Gold and if the potholes are blocked then everyone die in. And I don't know if there is any modernity to solve this mining technics.

And Silver is also an asset the it would not be devalued in the would because it is useful as others though it might not be value as Gold.

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Quote from: Juse14 on June 22, 2024, 03:13:43 PM

The disparity between gold and silver's value could be explained by multiple factors. To begin with, silver is utilized in more industrial applications than gold, which means its value is largely affected by the demand within the industrial sector, a factor closely tied to global economic conditions. The uncertainty looming over the industrial domain, susceptible to impeding factors such as an economic deceleration or obstructions in the supply chain, might act as a barrier for any surge in the price of silver.

The thing is even though silver is utilized in more industrial application than gold, it is more abundant for about 16x than gold. So that explains why silver is way cheaper than gold, aside from the fact that gold had been used for bank-reserved which clearly paved the way for gold to be much more expensive than silver.

Quote from: Juse14 on June 22, 2024, 03:13:43 PM

On the other hand, there is a compelling case to be made that silver is presently trading at a discount. Silver stands to benefit from an uptick in global economic prospects as well as its surging utilization in eco-friendly tech and electronic spheres, these are factors which could majorly boost demand for the metal. Should this event come to pass, it is likely that the value of silver would shoot up considerably.

In my opinion silver market is dictated by supply and demand and its current price is its true value at this point. Unless there are breakthroughs that create a heavy demand for silver then I think it is fair to say that silver is not undervalued at all.

This might be a good read to know why many investors does not invest much on silver : https://www.linkedin.com/pulse/why-silver-bad-investment-yusuke-kohara-wydjc

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The disparity between gold and silver's value could be explained by multiple factors. To begin with, silver is utilized in more industrial applications than gold, which means its value is largely affected by the demand within the industrial sector, a factor closely tied to global economic conditions. The uncertainty looming over the industrial domain, susceptible to impeding factors such as an economic deceleration or obstructions in the supply chain, might act as a barrier for any surge in the price of silver.

The second point that I would like to raise is on silver. Despite being a precious metal, the liquidity of silver in the market is not as strong as that of gold. Investors find it more favorable to trade and store gold due to ease and stability perception as an asset.

On the other hand, there is a compelling case to be made that silver is presently trading at a discount. Silver stands to benefit from an uptick in global economic prospects as well as its surging utilization in eco-friendly tech and electronic spheres, these are factors which could majorly boost demand for the metal. Should this event come to pass, it is likely that the value of silver would shoot up considerably.

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I like silver but it is fucking heavy.

I had over 800 oz of it at under $20 an oz

I sold 205 oz at $30 and $31.

I am going to hold the remaining 600oz for now.

Do I advise buying silver no
Do I advise buying gold no

Do I advise dca and hodl BTC no but I dc and hodl BTC

I have ladder/stair buys in place for 63.1k 62.9k 62.5k

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Quote from: DeathAngel on June 21, 2024, 08:48:43 AM

I don’t think it’s undervalued no, I think it’s at the price it should be. I’m not even a fan of Gold but less so Silver. It was a great investment 100 years ago or more but Bitcoin is much better, I would even prefer stocks to Silver.

Each has their own views. For you, its price is fine but for the others, they think it's small and this is why they say that it is undervalued. Gold and silver are much older than BTC and others we have now and there are no other better choices before, so yeah, people think they are the best.

If those people still exist up to this date, their views might still not change. Stocks on the other hand are centralized, which means you can't solo it on your own, so silver can win against it because I think silver is also decentralized, just like Bitcoin. Another advantage of silver is that it can be used as an accessory. It is still up to you if you will stick on stocks.

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Quote from: N.O on June 22, 2024, 11:05:07 AM

And you require no knowledge and no education to hold the silver but in case of Stocks and bonds ,you should be knowledgeable person and if you will not get knowledge of stock and bonds and any another kind of investment, you will lose your money .

With all my love for precious tangible assets, silver is a pain in the ass to deal with, unlike gold is not that valuable per weight, one kilo is $1000, imagine going like 10k in it and then having around 10 kilos of it, not the easiest of buy or sell, even for pawns shops. And the fee and the takes that those put on the price, they will take at least 10% of the value if you try to liquidate. Bonds on the others hand, easy to acquire, easy to redeemed, peasants with no education were buying those a century ago, you need zero skill for it.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Their value isn't all that low and I don't think that they are undervalued. With some substitutes that's in the market, it's certainly affecting the price of silver and gold and that's one reason why we've not witnessed a serious shift in its price.

You can easily find a lot of materials that are coated with an inferior metal or element that has almost the same look as silver and you can buy it at a much cheaper rate which goes on to reduces how much people value these precious metals.

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Silver will continue to be in demand but we dont have the great success economically for the price to especially rise. China is pulling back in its commodity demand might be the most obvious indicator for why.

I do think silver is safe long term in a more average set of gains over a period of a decade. It should keep up with inflation but if people are expecting out performance this is hard to get without also industry booming.

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I think silver is is metal and metal price increases in a long run but market can fluctuate and silver price can go down but I like metals because we can hold them and these are safe investments and we can sell them at any time and at any place . And you require no knowledge and no education to hold the silver but in case of Stocks and bonds ,you should be knowledgeable person and if you will not get knowledge of stock and bonds and any another kind of investment, you will lose your money .But the mining of silver is limited and it's price will go up and I think any person should invest 1 percent of his wealth into the silver . But most people want to earn money quickly but is not for that kind of person who are greedy and want instant success.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

During the economic crisis of 2022, I also heard a lot of speculation and optimistic predictions about silver. But up to now we see that gold has had strong growth over the past year but silver has not yet had too many positive movements. So I really don't appreciate silver even though it is the second most precious metal after gold.

If you are looking at people's opinions about silver and making an investment decision. I think you should consider bitcoin rather than investing in silver, an asset that doesn't get as much attention despite being thousands of years old like gold. If you are looking for an asset that is undervalued but has strong future growth potential, bitcoin is a better choice than silver.

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Quote from: o48o on June 21, 2024, 08:11:50 AM

because the very thing that creates demand for it are the use cases other than holding and trading, and those use cases require for it to remain cheap enough so that people rather use it then alternatives. At some point it might become valuable for exactly same reasons as gold and more as a status symbol.

More than 2/3 of mined silver is a byproduct of zinc and copper mining, with copper being in high demand there is an oversupply of silver produced that is being dumped on the markets as most byproducts are, so unfortunately for silver, its supply is heavily influenced by other metals if demand for copper for electric cars skyrockets there will be again a market imbalance in silver.

So unlike most metals, silver is at the mercy of markets that actually have little use for it!

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I don’t think it’s undervalued no, I think it’s at the price it should be. I’m not even a fan of Gold but less so Silver. It was a great investment 100 years ago or more but Bitcoin is much better, I would even prefer stocks to Silver.

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Quote from: Abiky on June 21, 2024, 07:33:33 AM

Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Technically all finite minerals are undervalued in long term and correlating with growing population, not to mention the rate of inflation of the money. But thing with silver is that, even when it's finite like bitcoin, it will never just grow in time like bitcoin, because the very thing that creates demand for it are the use cases other than holding and trading, and those use cases require for it to remain cheap enough so that people rather use it then alternatives. At some point it might become valuable for exactly same reasons as gold and more as a status symbol.

At least until we have a cheap way to mine asteroids. Then price of that gets absolutely destroyed, alongside with every other mineral.

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I remember hearing the same speculation a few years ago, but now it is even more true that gold may be comparatively overvalued after the last rise(s).

But the fact that silver hasn't performed so well doesn't mean that it will necessarily do it anytime soon. The market is unpredictable and, many times, doesn't follow any logic (at least on beforehand: when thinks happened it is always easy to build a narrative).

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Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time.

I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you.

Topic: Is Silver undervalued? (Read 549 times)