Long on Silver (XAGUSD)

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arbusers
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Long on Silver (XAGUSD)
« on: May 20, 2021, 06:50:27 PM »
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Today I opened a long spot position on Silver (XAGUSD) at $27.5 with a target of $50 until the end of September.
No analysis will be given for the reason you know very well.
Good luck.
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CharlieSheen99
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CharlieSheen99

Re: Long on Silver (XAGUSD)
« Reply #1 on: May 20, 2021, 07:10:20 PM »
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ok, bought.

If you reach this target, I will donate 100 dollars to the proposal that you want.
We are bettors, we need a little bit of emotion.
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Littletroll1
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Littletroll1

Re: Long on Silver (XAGUSD)
« Reply #2 on: May 20, 2021, 07:12:47 PM »
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Is XAGUSD an index fund? I can't find it on any of the trading platforms. Would SLV be similar?
« Last Edit: May 20, 2021, 07:21:47 PM by Littletroll1 » Logged
arbusers
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Re: Long on Silver (XAGUSD)
« Reply #3 on: May 20, 2021, 07:37:12 PM »
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XAGUSD is the spot price for Silver. I have no idea what SLV stands for, but this might be an ETF.
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Littletroll1
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Re: Long on Silver (XAGUSD)
« Reply #4 on: May 20, 2021, 07:58:51 PM »
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XAGUSD is the spot price for Silver. I have no idea what SLV stands for, but this might be an ETF.

Yes it is. So where do you buy silver? Etoro?
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cortomaltese
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cortomaltese

Re: Long on Silver (XAGUSD)
« Reply #5 on: May 20, 2021, 08:43:07 PM »
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You can always buy synthetic assets without the need of exchange on synthetix.io
In silver's case , symbol would be sXAG , you can track it on coingecko
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CharlieSheen99
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CharlieSheen99

Re: Long on Silver (XAGUSD)
« Reply #6 on: May 20, 2021, 08:54:46 PM »
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You can always buy synthetic assets without the need of exchange on synthetix.io
In silver's case , symbol would be sXAG , you can track it on coingecko

You can buy in BullionVault, and have your silver physically, for a good price. They will charge you every month a little bit.
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DPG
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Re: Long on Silver (XAGUSD)
« Reply #7 on: May 21, 2021, 09:54:11 AM »
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i want to buy some silver.

how do i buy xagusd? is there a gbp equivalent?
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arbusers
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Re: Long on Silver (XAGUSD)
« Reply #8 on: May 21, 2021, 02:06:30 PM »
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For security reasons I can’t say in public what platforms I use.
But most of them will force you to exchange your home currency to USD first, before offering the option to trade commodities and precious metals.
To avoid misconceptions, the prices that I mention and calculate on, are based on USD.
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lala
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lala

Re: Long on Silver (XAGUSD)
« Reply #9 on: May 23, 2021, 07:41:01 PM »
+3

I want to say thank you so much for your posts. I am new to the forum -almost 3 months now, and I read all your trading posts. I am from Greece and I feel so unlucky now that I haven't found that forum earlier. Anyway I just wanted to say that I enjoy so much your posts. Keep the good job  :)
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Littletroll1
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Littletroll1

Re: Long on Silver (XAGUSD)
« Reply #10 on: May 24, 2021, 07:05:48 PM »
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For security reasons I can’t say in public what platforms I use.
But most of them will force you to exchange your home currency to USD first, before offering the option to trade commodities and precious metals.
To avoid misconceptions, the prices that I mention and calculate on, are based on USD.

Is there any downside to buying silver as an ETF instead of buying it physically?
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arbusers
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arbusers

Re: Long on Silver (XAGUSD)
« Reply #11 on: May 24, 2021, 07:53:26 PM »
+1

Unless the world changes as we know it, there is no solid reason buying physical silver.
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cem
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cem

Re: Long on Silver (XAGUSD)
« Reply #12 on: May 24, 2021, 10:55:28 PM »
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Unless the world changes as we know it, there is no solid reason buying physical silver.


I beieve that already world has changed as we know it, and what we live these days is only a warm up. This year, Cyber Polygon 2021 will simulate a fictional cyber attack with participants from a lot of countries.

A cyber attack with COVID-like characteristics would spread faster and farther than any biological virus” — World Economic Forum..

And yes, i believe that this cyber attack will soon knock our doors.. I would prefer to have food instead of silver and bullets instead of BTC..Because, when it will happen, all hell will break loose.
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arbusers
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Re: Long on Silver (XAGUSD)
« Reply #13 on: May 25, 2021, 07:28:53 AM »
+1

Because, when it will happen, all hell will break loose.

When will it happen?

If you need bullets and foods as you say, then money will have no value. By default you will lose all wealth, no matter if it is silver, BTC, cash, whatever. Then if you believe you will lose everything, why dont you invest in Silver, BTC, Stocks so you have the option to be richer if your plan is wrong?
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Gambleridis
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Gambleridis

Re: Long on Silver (XAGUSD)
« Reply #14 on: May 25, 2021, 09:22:40 AM »
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The bullion bank dominated London Bullion Market Association (LBMA) has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver. This overstatement relates to the total quantity of physical silver bars that the LBMA claimed were being held in LBMA vaults in London as of end of March 2021.
Is this positive or negative?
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