Anybody understand silver (SLV)?

[ggking7]

Does anybody here understand the silver market? It looks like a good buy to me based on the condition of the economy and its historic price graph.

[Baker Street]

I'm no expert but Silver looks cheap to me as well, be cautious though it's volatile, and is used as both an industrial and a precious metal. It's getting more difficult to buy the physical asset which should eventually translate to increased prices...

You might also want to take a look at Platinum

[ggking7]

That's true and even gold looks pretty good. I want out of the US dollar but with the slowdown/recession/depression starting to look global, I'm not sure what to do.

[GDFLS]

I am not going to profess being an expert, but I usual;y trade silver via SLW. The stock price historically rides the tide as they make thier money selling at spot above a certain fixed price they pay for it, anyhow SLW has gotten beat up bad as of late.

But silver as a PM is not just used as an investment, it is used in a lot of industrial applications. So the one caveat here is, as demand for industrial goods containing silver decline, the price may not keep pace with say, gold.

But I still think long term, it may be a good play.