Silver Price Movement

Silver price has been very exciting in the past 12 months. If you look at the below chart, you can see that within a short period of time, silver price has shoot up to USD 49 and felt down to USD 27. If an investor unfortunately bought silver at USD 49, he would probably get a heart attack when silver price hit USD 27. That is 45% price drop!

What can you tell from the above chart? If you are like most people (including myself), this chart doesn’t seem very interesting. However, I met a new friend from Facebook and he has pointed out something very interesting from this chart and I have decided to share it here. Look, this is what he has shown me:

Silver price seems like consistently not able to break several major resistant levels. Resistance level is where the price tends to find resistance as it is going up. This means the price is more likely to “bounce” down this level rather than break through it.

By looking at the chart, it silver price is potentially not able to break the current resistance level like how it happen during May 2011 and Sept 2011. It seems the possibility of silver price going down is higher than the possibility of silver price going up. However, if silver price is able to break this resistance level, the price might shoot up significantly.

So what can you do with this information? Well, if you believe silver price is not going to break this resistance level, you should not buy any silver in the next few days and wait for silver price to significantly go down before buying. On the other hand, if you do not believe in this trend and believe silver price will break this resistance level, you should buy now before the price shoot higher.

Time will tell whether silver price will go up or go down. In the mean time, where do you think silver price is going?

eBook Silver Malaysia

Practical Guide for: Investing Silver in Malaysia

The first silver investment in Malaysia eBook has been published titled Practical Guide for: Investing Silver in Malaysia !

Please click on the Download button below. It will lead you to a very simple registration page. I will need your name and email address so that I can send it to you. If there is a newer edition of the book, I will notify you through the email you have provided.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

“Read this ebook. You will learn how to purchase your first silver coin in Malaysia within the first few pages. Daniel had done a great job producing this practical guide!”,

– KCLau, author of Top Money Tips for Malaysians and Top 93 Personal Finance FAQs in Malaysia


Silver Price Drop

After reaching an historic high in 2011, the price of silver has dropped. In a matter of months, the price went from around $50 an ounce to almost half that in December 2011. This silver price drop creates the perfect opportunity for silver investors. Smaller investors should follow large investors’ lead and invest continuously as long as the silver price remains low.

Silver investors should not try to wait it out and see when the silver price hits bottom. No one knows when or where the bottom will be, so it is best to continuously invest as long as silver is low. The price of silver could suddenly jump at any time, leaving the investor who waited too long without the opportunity to buy inexpensive silver. Continue reading

Silver Year End Sales

It is end of the year now and it seems like there is a Silver Year End Sales in silver market. In early December 2011, 1 oz of silver price has been dropping from USD 32 – USD 33 to USD 26 – USD 27 in late December 2011. Hey! Silver in Malaysia has a Silver Year End Sales too!

I have been buying silver from USD 38 / oz down to USD 31 / oz. Although I have not been long enough to invest silver in Malaysia, I did witness silver price felt to USD 26 in late September 2011 but unfortunately that was the first time I saw silver price dropped to such low level therefore I didn’t know how to act upon the low price at that time. I didn’t even know there was such a thing known as resistant level which USD 26 was a strong one. Few days back, I saw the similar pattern was happening again. Silver price has been falling and soon it would reach USD 26 again. Continue reading

Silver Investment Cycle

If you are interested in the buying silver in Malaysia as silver investment, there are a few essential parts of information you need to know before investing. Silver has seen a phenomenal rise recently, with the price just $10/oz in 2007, rising to almost $50 earlier 2012, before settling to $30 at the end of year 2011. Price has been consolidating at $27 – $28 in June to August in 2012.

Anyone who 3 years ago had the insight to think that the current gold and silver prices were cheap would be looking at a 6 fold turnover on his original investment. Of course, for silver investment in 2008 you would have needed to have phenomenal insight to know that a silver boom was about to happen, but these things can be predicted.

Even though its tempting to think that anyone who went into silver investment was just lucky, the phenomenal rise is a deliberate part of the investment cycle. When silver was just $7.50, no-one thought that it would rise so much in such a short time on its own – everyone just thought it would stay at that price. However ‘smart money’ or influential organizations with a lot of money were accumulating silver without raising much public notice. They would be buying in small amounts so to not drive up the price, but to gradually increase their own stocks. After a time, this ‘smart money’ would be informing institutional investors such as large hedge funds and pension funds to invest in silver – and then with their combined might start buying of silver in droves – this would start to propel the price into the public eye, and overwhelm anyone selling silver.

Bubble – Silver Investment Cycle

One this phenomenal price increase was in the public eye, there would be mass media advice to do silver investment, and the public would start to buy silver heavily. Those that got in at the start started to make money and see their investments increase, and they would tell their friends. Even when they sold for a decent profit, they would see a rise would be so meteoric that they missed and feel that they sold too early, and plough profits back in for a higher price. At this stage of course, the smart money has stopped buying, it is selling and making vast profits. The time comes when the institutional investors realize the smart money is selling, and they too begin to sell, causing the market to peak and start to fall. When this happens, initially the public see this as a bargain and send the price up slightly before they realize that the investors with the money to prop the market up are selling as quickly as they can – and this causes a climate of panic selling.

The price then quickly falls, as members of the public who have invested in silver at a far higher price sell for a loss as they think that the bottom has fallen out. At this stage, the media are announcing that silver investment is a bad investment, and fueling the panic.

This panic returns prices back to a low price, and it is here, where smart money gets another opportunity to buy again at a low price to start the cycle all over again. If you are thinking of buying silver in Malaysia it pays to know the perfect time to buy and sell.

If you are ready to catch the opportunity in the coming silver investment bull market, download this eBook to educate yourself how to invest silver in Malaysia.

Silver Price in Malaysia

A Malaysian guide for Silver Price in Malaysia

There isn’t any fixed silver price in Malaysia. Repeat, the silver price in Malaysia is not fixed by individual or any organization. However, silver collectors and investors do have several favorite sources to benchmark silver price in Malaysia before they make any purchase. Base on the price (in USD), collectors and investors would convert the price back to Malaysia currency (RM) to get the silver price in Malaysia. The author would start off with how silver price in international market relate to silver price in Malaysia and then silver prices published by local silver seller and share an interesting story about silver price in Malaysia at the end.

1. Using Kitco to benchmark silver price in Malaysia

Kitco is one of the favorite source for Malaysian to check silver price. The image below is particular famous as it provide 3 days history of silver price.

Silver Price in Malaysia using Kitco
Silver Price in Malaysia using Kitco (USD)

 

2. Using SilverPrice.org to benchmark silver price in Malaysia

SilverPrice.org is another favorite source to check silver price in Malaysia. Reason being is because when a person type “silver price” in Google, the first 3 results are coming from SilverPrice.org (at the point of writing this page). The silver price would be shown in the following graph:

Silver Price in Malaysia
Silver Price in Malaysia using SilverPrice.org (USD) – Daily Chart
Silver Price in Malaysia
Silver Price in Malaysia using SilverPrice.org (USD) – History Chart

3. Using 1StopGold to benchmark silver price in Malaysia

1StopGold is one of the biggest silver sellers that offer silver at competitive price (in Ringgit). The price 1StopGold offers has one of the lowest spread among all silver sellers. However do note that there are several negative remarks regarding their service in the silver seller and silver investor community. The price 1StopGold published on their website is not updated live, 1StopGold only update the website price once a day. Buyer will still have to call in to get the current price. You may check 1StopGold silver price here.

 

4. Using MySmartGold (live rate) to benchmark silver price in Malaysia

MySmartGold is another one of the biggest silver seller in Malaysia at competitive price (in Ringgit). Their silver price is transparent and easily accessible. The silver price is updated every second during their trading hours. Although the spread is slightly higher compare to 1StopGold, but the remarks from silver buyer is the whole transaction is way better. You may check MySmartGold silver price from here.

5. Using Facebook to benchmark silver price in Malaysia

At the point of writing this page, there are 2 very active Facebook groups that actively buying and selling all type of silver to the members. You may have to join the group before you can start posting. If you are a buying silver (coins or bars) in a smaller scale, this might be the place you want to check out the silver price in Malaysia. The Facebook group pages are:

6. Using other sources to benchmark silver price in Malaysia

There are a lot of smaller independent silver sellers who are not attached to any organization. They published their prices on their websites, eBay, forum, etc. You may check out more from here.

Real Life story for Silver Price in Malaysia

When the price of silver is hanging around USD 33+ (base on Kitco), I made a purchase of 1 tube of American Silver Eagle (x 20) coins from one of the sellers that offer competitive price. He has quoted me RM142 / oz which I found it reasonable after comparing to some of the other silver sellers. The next day, I was talking to my friend who happens to also bought 1 tube of American Silver Eagle (x 20) coins. My friend has paid for RM130 / oz. The seller does not sell silver for a living and was desperate to cash out fast. Therefore my lucky friend got to buy it with such a low price.

The point of sharing this experience is to tell that there is no fixed price for silver in Malaysia. The silver price in Malaysia is totally about willing buyer willing seller.

Good luck for getting the lowest silver price in Malaysia!