Silver price reach the highest levels of 2019

silver bars

The price of a Canadian silver coin at precious metals retailer Degussa rose sharply to 17.59 euros on Thursday. The coin-shaped silver ounce, adorned with the Canadian maple leaf and the profile of the Queen of England, reached its previous annual maximum price. And the kilobars of fine silver have exceeded the mark of 500 euros.

On the commodities market, the price of silver is currently more than 14.50 euros per ounce, reaching an annual high. Only on 27 February had the price briefly been more expensive when it temporarily shot up to 14.94 euros. However, this level could not hold the price until the close of trading and quickly became cheaper again.

Silver coins such as the Canadian “Maple Leaf” or the “Vienna Philharmonic” are popular with savers who want to invest in precious metal but shy away from the high prices for gold coins or ingots. By comparison, a fine gold coin with the mass of one ounce, such as the popular South African Krugerrand, currently costs around 1300 euros and is therefore worth 76 times a silver coin.

Silver is therefore jokingly referred to as “gold for the poor“. In fact, the price of silver often follows the price of gold – but not always. According to New York-based wealth management company WisdomTree, movements in the price of gold and silver have a correlation of 80 percent. When the price of gold rose 10 percent in June, silver rose only 6 percent. Sometimes the movements are even opposite. If you want to imitate the development of the more expensive gold with the cheaper silver, you can also be wrong.

The Gold for the poor

Incidentally, unit prices for coins and ingots only play a role in physical purchases. If you invest elegantly in gold or silver securities on the commodity markets, you don’t have to worry about denominations. But gold and silver in particular are all about many investors owning the investment products physically. Because with coins and ingots, many people want to hedge against economic crises or currency reforms – and in these extreme scenarios, independence from the financial industry counts. Anxious people follow the motto: Safe instead of depot.

Commodity expert Nitesh Shah, of wealth manager WisdomTree, expects the silver price to continue its rally but is not expected to fully open up to the gold price. Gold has already risen significantly, mainly due to growing global conflicts and uncertainties. The drivers here are the US-China trade war and the tensions between Iran and the United States.

According to WisdomTree’s forecast model, the price of silver per fine ounce is expected to rise from 15.30 dollars at the end of June to 17.00 dollars in December. Subsequently, a decline to 16.50 dollars is expected by the end of June 2020. On a year-on-year basis, WisdomTree sees the price of silver up almost seven percent. Gold, on the other hand, is only rising by five percent, according to the asset manager.

Silver and business cycles


Those who buy silver coins or bars at the counters of German banks or in domestic precious metal trading on the basis of such forecasts must also keep an eye on the exchange rate of the euro against the dollar.

Why do the prices of gold and silver develop differently and sometimes even in the opposite direction? Gold is not only used for investment and crisis protection, but is also in high demand by the jewellery industry. The demand of the jewelry manufacturers depends on the season. Demand is increasing regularly before Christmas, the Chinese New Year or the Indian wedding season.

Silver is also not only used for investment products such as ingots or coins. According to WisdomTree, half of the precious metal goes to industry, especially the electronics industry. And industrial silver demand depends heavily on business cycles. If the mood in the industry is clouded by the fear of the trade war and the concern about international conflicts, this usually speaks to a falling demand for silver.

What is the silver forecast for Q3 2019 ?

According to the Ezra Moldala from Etoro broker: “Silver can reach $19 per ounce in Q3 since all technical aspects are bullish as we speak.”

According to BusinessInsider.com, we can expect Silver to reach all time high above $26 before the end of 2020.

Original source: Frankfurter Allgemeine Zeitung

Bitcoin to reach $100k by the end of 2019

bitcoin prices

Bitcoin has made a massive comeback in recent months. Despite last week’s slump, crypto-bull Anthony Pompliano continues to believe in the potential of the world’s largest digital currency. Bitcoin could soon rise to as high as US 100,000 US dollars.

General interest in crypto industry rises again


Bitcoin has been back in rally mood for some time. Last week, it even climbed back above the USD 13,000 mark. At a short-term high of 13,156.83 US dollars, the world’s largest cryptocurrency by market capitalization was thus more than 250 percent higher than at the beginning of the year. Shortly thereafter, US Federal Reserve Chairman Jerome Powell expressed “serious concerns” about Facebook’s new libra motto, causing the crypto industry to slump on a broad front. In addition to Bitcoin, Ethereum, Ripple and Litecoin also had to cope with double-digit price discounts.
At the same time, however, Libra’s announcement has also attracted more attention to the sector and attracted new investors. In particular, Anthony Pompliano, co-founder of the crypto wealth management company Morgan Creek Digital Assets, was particularly enthusiastic about Facebook’s digital wallet, Calibra. “This wallet, I think, will eventually support Bitcoin, Ethereum, tokenized securities and even data.

“I think it’s a really important moment where we’re giving hundreds of millions of people the opportunity to hold cryptocurrencies,”

the American investor said. “Bitcoin will benefit from Libra being an ‘entry drug’ for cryptocurrencies,” Cointelegraph quotes him as saying.
In addition to the push by Libra, however, the general interest in cryptocurrencies and the blockchain has also increased again, especially from institutional investors, Yahoo Finance echoes Pompino’s words.

Would you like to invest in cryptocurrencies? Our guides explain how to do it within 15 minutes:
» Buy Bitcoin, buy Ripple, buy IOTA, buy Litecoin, Buy Ethereum, Buy Monero.


Pompliano: Bitcoin will rise to 100,000 US dollars


The recent slump in cryptos is not a cause for concern, Pompliano also explained. Such slumps occurred several times a year, sometimes even several times a month, and would not usually have a major impact on the long-term development of the Bitcoin price. “I think the price will rise to 100,000 dollars. But this time there will be more volatility: more parabolic increases like we saw in June and more price declines of 20-30%. In this way, many people will declare that the high has been reached – but they are wrong,” Pompliano, known for his bullish statements, said in an interview with BloxLive.tv. Despite the short-term negative trends, the coin could reach new records in the next few years.

“I think by the end of 2021 we’ll see [Bitcoin] eclipse 100,000 US dollars. The most important thing to remember about bitcoin is that it is a fixed asset, so the economy of supply and demand applies. If there is an increase in demand, you will see how the price increases,”

explained the crypto-bull. First of all, however, the 20,000 US dollar hurdle had to be skipped: “20,000” is a big thing. Bitcoin will reach a new all-time high once it breaks that. I think it’s really going to attract people… but I don’t think we’re going to get from 12,000 dollars, where we are today, to 50,000 dollars or 100,000 dollars. I think it will take 6 to 24 months,” the expert believes. But once the 20,000 US dollar mark is broken, the FOMO effect is likely to provide the rest, according to CryptoMonday. Because people are afraid to miss something and would stock up on cryptocurrencies, which in turn should drive the price further.

Top 4 Tips For Trading Online

Online trading is exciting and risky at the same time. If you don’t know much about it, you may dive into a deep sea. Here are some guidelines that will help you to be successful in online trading.

Decide whether you are ready for it

Online trading needs active participation from the trader’s side. You have to know about the market, look at forecasts, analytics and decide what to do with your stock. If you are ready to take the challenge and have the time to deal with it, only then you should start doing online trading.

Educate yourself

You should learn everything about investment and the stock market. There are many resources available online that can help you to learn the strategies. Any mistake can be very costly. You should read public information about companies, like their earning reports, research reports, etc. to know more about the long term performance.

Find out suitable trading software

You should consider the type of stock trading software that will be most suitable for you. You should find a site that is easy to navigate and provides lots of advice to the traders.

Make a plan

You should plan your investment and stick to it. If you exceed the amount and later lose it, it will affect you emotionally and financially. You should decide how much you will let the price of your stock decrease before you get out of the trade.

Any type of trade has risks. But if you know what you are doing, the risk can be substantially reduced. It is always wise to have a diversified portfolio so that there is less risk of losing too much money.

Top 3 day trading online platforms that you can try

If you are into day trading then you need to do it in a good online platform. You can get low-cost platforms having great strategy tools to trade. Here are the top day trading online platforms we have selected for you.

TD Ameritrade

This platform has low commissions, so it is good for the beginners. You can get advanced trading tools here. It has a flat rate and there is no requirement to have any minimum balance. You will get extensive investment selection on this platform.

Interactive Brokers

It is a very strong trading platform. It is also suitable for the beginners as the commission is low and no minimum balance is required. It has access to international market and has wide investment offerings. The professionals also find it convenient to use this platform for online trading.

OptionsXpress

For broker assisted trade, you don’t need to pay any fee here. You will get lots of investment choices which make it ideal for both the beginners and the professionals. You will find different tools and educational resources here that will help you in making investment decisions.

All these platforms provide traders with lots of options to trade. The platforms provide tools, charts, and other resources to help the trader make decisions. The biggest advantage of these platforms is that they charge very little commission. If you are not sure which platform to use for your online trading, then choose one of these platforms. You will not be disappointed!

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4 Risks Associated With Online Trading

Many people think online trading is quick and easy. But they are not aware of the dangers associated with it. Online trading can be deceptive and you need to be cautious when trading. Here are some risks associated with online trading.

1. Don’t let your emotions rule you

When investing online you will start making money with small investments at the beginning. This often motivates people to make big investments and lose money in the end. You shouldn’t let your emotions can control. You must study the market and analytics before making your investment decision.

2. The risk with short term trading

You may get tempted to try short term trading, but there are many random elements in it and the stock prices fluctuate too often. You may earn a profit for short period. But if you are looking for long term profit then you shouldn’t invest in short term or day trades. If you trade too frequently, the quality of your investment may decrease.

3. Practice accounts can give you the wrong impression

Many traders start trading with practice accounts before trading real money. It is a good way to earn confidence, but it can give you the wrong impression as well. You will learn a lot of things about online trading this way, but you may end up using a wrong investment approach when trading real.

4. Automated stock-picking system may not give you desired result

Many online investors use the automated stock-picking system for making investment decisions. This system uses past data to give you suggestion and uses a fixed rule that may not always work.

When you do online trading you should be very careful not to fall into these traps. Educate yourself and make wise investment decisions to make good money out of the trade.