Live Gold, Silver, Platinum & Bitcoin Prices
Welcome to the Silver.com charts page! Below you may access both current and historical charts for various precious metals including gold, silver and platinum.
With a simple click of your mouse, an interactive chart will display for the precious metal of your choice. These interactive charts give you the ability to look at custom timeframes, as well as spot prices.
If you are interested in seeing where gold and silver have been before, and where they potentially could be headed, the charts below will provide you the necessary historical price information.
The timeframe one may want to examine could depend on one’s objective. Some of the more common timeframes looked at on these charts daily, weekly and monthly.
Someone looking to “trade” precious metals may be looking to try to capitalize on short-term price fluctuations. In this case, one may decide to use a short time-frame.
On the other hand, one who is more interested in gold, silver or other precious metals as a long-term investment may decide to utilize a longer timeframe. The weekly and monthly charts may be preferable in this case.
Charts are commonly used for performing technical analyses. Technical analysis is the study of past price action and various indicators derived from it. Technical analysis focuses on past price action and data in an attempt to try to predict future activity. Some of the most common tools used within technical analysis include:
- Moving averages
- Volume studies
- Convergence/divergence indicators
- Chart patterns
Technical analysis may be used more by those looking to try to trade shorter-term swings within a market; however, it may also be used to try to predict longer-term price action.
Technical analysis may also be used with fundamental analysis. Fundamental analysis examines market fundamentals in an attempt to form opinions about an investment’s underlying factors and potential.
Dollar Cost Averaging
One popular method of precious metals investment that may make use of charts is dollar cost averaging. In this method of investing, the investor seeks to make regular investments in an asset regardless of price. Here is a simple example:
Investor Bob wants to start building a gold portfolio. With gold trading at $1200 per ounce, Bob buys five one ounce gold bars.
Two months later, the price of gold has dipped to $1150 per ounce. Bob decides to buy more gold bars at this time, and purchases another five one ounce gold bars.
Because Bob bought five bars with spot gold at $1200 and another five when spot gold was at $1150, his average price is now $1175 per ounce.
Many investors utilize this strategy or when building a precious metals portfolio. This is because these investors are buying gold or other metals as a long-term investment and believe in the long-term potential of the investment. They are not overly concerned with the day-to-day or month-to-month fluctuations in price.
Charts may be useful when dollar cost averaging, as one can look for areas of potential price support to add more precious metals to their holdings-and if the value of those metals goes up over the long-term timeframe, one may have been able to effectively buy gold or other metals when they are “on sale.” Of course, there are no guarantees that prices will rise, and investors who dollar cost average may see the value of their investment decline.