Gold & Silver Trading

[Peter90]

Gold has been reaching ATH after ATH lately - not only in USD but in every currency.

Gold in USD (yellow)
Gold in several currencies basket (blue)




Gold is mainly for saving ... but one can trade it too!

[Peter90]

... and this is silver - big picture

[Peter90]

Silver
currently at 31
15 years charts

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[Peter90]

Gold in focus because it just hit its All Time High in USD
but the biggest story is silver

Silver chart
50 years


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[Peter90]

Silver

SGE = Shanghai Gold Exchange
SFE = Shanghai Futures Exchange
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The price of Gold & Silver is more and more driven by the China's market:
China's market is a physical market vs. the Western "paper" (derivatives) market.
For price predictions, look at China.

Today's Western silver price = $31
Silver in China is being traded 10% over Western price

[Peter90]

Silver is leverage on Gold

[Peter90]

Right now Silver is the hottest investment in China
We are approaching the moment when the silver price is set in Shanghai - whereas until now it has been set in NY/London