BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

Long on Silver (XAGUSD)

Where to invest the surplus of funds
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Long on Silver (XAGUSD)

Thu May 20, 2021 5:50 pm

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.
User avatar
CharlieSheen99
Pro
ProProProPro
Karma: 27
Posts: 487
Joined: Tue Jan 06, 2015 3:56 pm

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 6:10 pm

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.
Littletroll1
Gaining experience
Gaining experience
Karma: 4
Posts: 56
Joined: Tue Oct 23, 2018 4:27 am

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 6:12 pm

Is XAGUSD an index fund? I can't find it on any of the trading platforms. Would SLV be similar?
Last edited by Littletroll1 on Thu May 20, 2021 6:21 pm, edited 1 time in total.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 6:37 pm

XAGUSD is the spot price for Silver. I have no idea what SLV stands for, but this might be an ETF.
Littletroll1
Gaining experience
Gaining experience
Karma: 4
Posts: 56
Joined: Tue Oct 23, 2018 4:27 am

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 6:58 pm

arbusers wrote: 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?
cortomaltese
Pro
ProProProPro
Karma: 33
Posts: 486
Joined: Sun Mar 24, 2013 6:07 pm

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 7:43 pm

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
User avatar
CharlieSheen99
Pro
ProProProPro
Karma: 27
Posts: 487
Joined: Tue Jan 06, 2015 3:56 pm

Re: Long on Silver (XAGUSD)

Thu May 20, 2021 7:54 pm

cortomaltese wrote: 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.
DPG
Has experience
Has experienceHas experience
Karma: 14
Posts: 202
Joined: Wed Oct 04, 2017 9:11 pm

Re: Long on Silver (XAGUSD)

Fri May 21, 2021 8:54 am

i want to buy some silver.

how do i buy xagusd? is there a gbp equivalent?
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Long on Silver (XAGUSD)

Fri May 21, 2021 1:06 pm

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.
lala
Gaining experience
Gaining experience
Karma: 4
Posts: 7
Joined: Sat Apr 10, 2021 12:34 pm

Re: Long on Silver (XAGUSD)

Sun May 23, 2021 6:41 pm

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  :)
Littletroll1
Gaining experience
Gaining experience
Karma: 4
Posts: 56
Joined: Tue Oct 23, 2018 4:27 am

Re: Long on Silver (XAGUSD)

Mon May 24, 2021 6:05 pm

arbusers wrote: 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?
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Long on Silver (XAGUSD)

Mon May 24, 2021 6:53 pm

Unless the world changes as we know it, there is no solid reason buying physical silver.
cem
Gaining experience
Gaining experience
Karma: -1
Posts: 51
Joined: Wed Mar 11, 2020 11:10 pm

Re: Long on Silver (XAGUSD)

Mon May 24, 2021 9:55 pm

arbusers wrote:
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.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Long on Silver (XAGUSD)

Tue May 25, 2021 6:28 am

cem wrote: 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?
Gambleridis
Gaining experience
Gaining experience
Karma: 4
Posts: 39
Joined: Wed Jan 27, 2021 7:29 pm

Re: Long on Silver (XAGUSD)

Tue May 25, 2021 8:22 am

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?

Return to “Stock Markets and Cryptos”