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Value of silver

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Category: Commodity

Whereas silver is less rare than gold, it has performed a significant role in affecting currencies and has constantly moved in tandem with gold prices. The British pound derives its name directly from the truth that a British pound was as soon as thought of to be worth one pound of sterling silver. Over 14 languages use synonymous terms for silver and money. The truth is, the U.S. greenback previous to the Civil War was additionally backed by silver. (This methodology could seem arcane, however many nicely-established strategies rely on it. Discover out extra in Trading The Gold-Silver Ratio.)

 

In 1971, the U.S. moved away from the gold normal, successfully changing into a fiat currency. This led to an increase in the value of gold and also a major run up within the value of silver. For the first time, the status of silver and gold as precious metals was established around the globe, as was the interrelationship of their value movement. In 1973, the Hunt brothers used their monumental fortune, along with bank leverage, to attempt to corner the silver market. Via their actions and the speculative nature of the metals market on the time, silver peaked at over $50 per ounce by 1980, with a majority of that improve ($41) occurring over the past six months of 1979.

 

1. Movable 10 cents above or under previous day's settlement for first and second listed month

 

2. Once the contract with the very best open curiosity hits this limit, a suspension is triggered

 

3. New limit is 10 cents above or below the price at which the suspension was triggered
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.