Current Silver Spot (USD/Oz):
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NEWS
23 Jan 3013 - HSBC contracts with KGHM Poland to buy US$532M of silver (~16Moz). This sounds like a typical deal that we have felt banks were making with refiners to procure silver for SLV (HSBC is custodian for the SIVR ETF, but not part of SLV). Note many news stories mis-interpreted the filing, and said that PLN $3.6B of deals were done with HSBC in 2012; PLN$3.6B is the total value of KGHM.23 Jan 2013 8:46AM - Silver breaks a 24-Year Record, closing higher for 13 consecutive trading days.
21 Jan 2013 - JPM just added a warehouse to SLV in New York, with 10Moz.
Most Interesting Pages:
Our SLV Analysis and our daily silver data page.
Most Unique Pages:
Our Engelhard bar pages (e.g. our 1 ounce silver Engelhard bar page).
Newest Pages:
31 Jan 2013 - We added a page on explaining the SLV Short Position
30 Jan 2013 - We added a page explaining why United States Silver is not required in U.S. Silver Eagles.
The truth about the Apple Silver Shortage myth.
The truth about the 'maximum 28% tax rate'
A page about the United States Strategic Stockpile
QUICK STATS (silver mined to date, etc.) has moved here.
This website is all about silver (chemical symbol: Ag), as a potential investment. We don't sell silver, we just provide you with a lot of information.
SUMMARY: In general, the price of silver follows the price of gold (but silver's price moves tend to be greater). Some people believe that silver has much more potential for price growth in the long term than gold (see the Gold Versus Silver debate page). If you invest in gold, you may want to consider trading some for silver (you can get about 61.12 ounces of silver for every ounce of gold). In most cases, the best way to buy silver is to have physical possession, unless you invest in large enough quantities that it is safer to store in a warehouse.
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