Silver Stackers logo

Silver Stackers

Discussion forum for those
who love to stack precious metals

You are not logged in.

#1 2010-12-17 15:08:43

Welcome_Stranger
Member+
From: Australia
Registered: 2010-12-16
Posts: 122
Trades :   

Best Day To Buy Silver?

Hi All

Does anyone know if and when is the best time (day of the week / month) to buy silver?

As a stacker, I go with the principle of buying consistantly - at the moment I have the first Friday of every month marked in my calendar as SILVER DAY!!!

Would I better off changing this to a Monday for example?

I have tried to follow to follow the prices over the last couple of years and it SEEMS that Friday usually comes in cheaper - Is this right or am I just dreaming...?

I would welcome any advice smile

WS


-The young man knows the rules, but the old man knows the exceptions.

Offline

#2 2010-12-17 15:24:12

Slam
Silver Stacker
From: Australia
Registered: 2010-09-27
Posts: 1,265

Re: Best Day To Buy Silver?

Theres no such thing as cheaper day. Its not petrol, its all based on spot price. Make an educated guess whether its good to buy and just buy on whatever day.

Slam


By failing to prepare, you are preparing to fail.

Offline

#3 2010-12-17 15:31:42

dccpa
Member++
From: USA
Registered: 2010-08-30
Posts: 2,547
Trades :   

Re: Best Day To Buy Silver?

Turd Ferguson just posted about this, based upon the Tuesday cut-off date for the COT report. I am not sure it will back test that well, but it is an interesting theory.

http://tfmetalsreport.blogspot.com/

Offline

#4 2010-12-17 15:45:02

greyman68
Member+
From: Australia
Registered: 2010-10-18
Posts: 368
Trades :   

Re: Best Day To Buy Silver?

TODAY.

Offline

#5 2010-12-17 15:48:39

Welcome_Stranger
Member+
From: Australia
Registered: 2010-12-16
Posts: 122
Trades :   

Re: Best Day To Buy Silver?

greyman68 wrote:

TODAY.


Yes! - Great response!!!


-The young man knows the rules, but the old man knows the exceptions.

Offline

#6 2010-12-17 15:52:24

THUCYDIDES79
Silver Stacker
From: Brisbane/Greenbank
Registered: 2010-09-01
Posts: 3,646
Trades :   69 

Re: Best Day To Buy Silver?

Buy silver on every day of the week and than check prices you
paid with the SPOT on that day. The day where you paid
least margin is the day you should buy silver.


www.professorfekete.com

*** With paper you ensure yourself against everything - except for paper itself ! big_smile ***

Offline

#7 2010-12-17 17:49:13

sammich
Member+
From: Melbourne
Registered: 2010-10-21
Posts: 184
Trades :   

Re: Best Day To Buy Silver?

yesterday

Offline

#8 2010-12-17 18:24:29

pmfiend
Member+
From: Australia
Registered: 2010-12-14
Posts: 715
Trades :   11 

Re: Best Day To Buy Silver?

Price fluctuates throughout the day.  Have the money ready in your account, keep track of your desired product on your dealer(s) of choice.  When the price looks right, pull the trigger.

On one dealer, I saw a box of 100 kookas fluctuate by up to $100 several times within a day.


If a tree falls in the forest and mainstream media doesn't report it, does it make a sound?

Offline

#9 2010-12-17 18:38:07

Clawhammer
Silver Stacker
From: Gone Fishin'
Registered: 2010-02-26
Posts: 7,713

Re: Best Day To Buy Silver?

Tuesday 28th December 2010...at 9:30am ESDT.


Specialisation is for insects

Offline

#10 2010-12-17 19:21:41

mickjohn
Member+
From: Perth
Registered: 2010-07-29
Posts: 634
Trades :   15 

Re: Best Day To Buy Silver?

Clawhammer wrote:

Tuesday 28th December 2010...at 9:30am ESDT.


?
can you elaborate a little?

Offline

#11 2010-12-17 19:46:33

Big A.D.
Silver Stacker
From: Sydney
Registered: 2009-10-30
Posts: 5,380
Trades :   32 

Re: Best Day To Buy Silver?

mickjohn wrote:

?
can you elaborate a little?

That's already pretty detailed advice, isn't it?


I am the Leafy Sea Dragon.

Offline

#12 2010-12-17 20:17:58

Clawhammer
Silver Stacker
From: Gone Fishin'
Registered: 2010-02-26
Posts: 7,713

Re: Best Day To Buy Silver?

That's already pretty detailed advice, isn't it?

can you elaborate a little?

Any reason why that day would be worse than any other day? big_smile

Any day you have 'spare' money in your pocket is the best day to buy silver... you can't win on price fluctuations...you can only win by getting that filthy fiat out of your wallet and into something stable!

Last edited by Clawhammer (2010-12-17 20:20:40)


Specialisation is for insects

Offline

The following user says thank you for this post: lakesentrance

#13 2010-12-18 00:14:55

silvertongue
Silver Stacker
From: Brisbane
Registered: 2010-10-18
Posts: 872
Trades :   83 

Re: Best Day To Buy Silver?

dccpa wrote:

Turd Ferguson just posted about this, based upon the Tuesday cut-off date for the COT report. I am not sure it will back test that well, but it is an interesting theory.

http://tfmetalsreport.blogspot.com/

Hmmm... yeah, but some of the facts worry me - wasn't it the Japanese that bombed Pearl Harbour? roll


Imagination is more important than knowledge.

Offline

#14 2010-12-18 06:54:09

dccpa
Member++
From: USA
Registered: 2010-08-30
Posts: 2,547
Trades :   

Re: Best Day To Buy Silver?

silvertongue wrote:
dccpa wrote:

Turd Ferguson just posted about this, based upon the Tuesday cut-off date for the COT report. I am not sure it will back test that well, but it is an interesting theory.

http://tfmetalsreport.blogspot.com/

Hmmm... yeah, but some of the facts worry me - wasn't it the Japanese that bombed Pearl Harbour? roll


Who you going to believe, your own lying eyes or John Belushi? smile

Offline

#15 2010-12-18 07:27:12

THUCYDIDES79
Silver Stacker
From: Brisbane/Greenbank
Registered: 2010-09-01
Posts: 3,646
Trades :   69 

Re: Best Day To Buy Silver?

hhahahahaha

Good one


www.professorfekete.com

*** With paper you ensure yourself against everything - except for paper itself ! big_smile ***

Offline

#16 2010-12-29 13:17:36

adrenalin
Silver Stacker
From: Melbourne
Registered: 2009-10-31
Posts: 2,531
Trades :   39 
Website

Re: Best Day To Buy Silver?

Clawhammer wrote:

Tuesday 28th December 2010...at 9:30am ESDT.


hey anyone buy?

I tried to but bank was closed so counldnt take out cash.

Now look at it. It shot up close to a $1 overnight.

Offline

#17 2010-12-29 13:45:29

Slam
Silver Stacker
From: Australia
Registered: 2010-09-27
Posts: 1,265

Re: Best Day To Buy Silver?

I can't buy anywhere, as the dealers are closed over christmas.

Any one know where in Sydney can buy 1kg bars for decent price? (friends want to buy a few).

Slam


By failing to prepare, you are preparing to fail.

Offline

#18 2010-12-29 13:47:52

Silver is Money
Member+
From: Townsville
Registered: 2010-12-04
Posts: 215
Trades :   31 

Re: Best Day To Buy Silver?

Yeah that's one of the downfalls of waiting for prices to go lower before you're able to jump in. Don't you hate it when that happens. Bloody "Murphy" has a lot to answer for. smile

Sometimes you have no choice as you have to wait until funds clear or until you've saved up enough to make a purchase, but either way the market has a habit of catching you unawares and before you know it, it's up a couple of bucks and you're left holding the bag and lamenting lost opportunities. Doh! big_smile

However, in the end it doesn't really matter coz a few bucks here or there won't make any difference when price is over $50/oz big_smile


If you can't touch it, you don't own it.

Offline

Board footer

Powered by FluxBB