How to short Silver?

Discussion in 'General Precious Metals Discussion' started by Davros10, Nov 25, 2021.

  1. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Is there any straight forward way of shorting silver? I'm keen to take advantage of the coming drop below $15/oz.

    I've found information on DSLV which was a 3x inverse ratio ETN fund, but it seems to no longer be trading.
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Why do you believe such a drastic drop is coming in an almost hyperinflationary environment?
     
  3. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    The intrinsic value of paper silver is $0.

    If the paper price was to drop to $15 (highly unlikely), I would bet my bottom dollar that physical metal will still be double that price (if any would be available).

    Why do you want to join the Darkside and short paper silver anyway, Davros10?

    Surely there are more honest ways to earn a buck.

    Or you could join the crypto cowboys and go on a roller coaster ride up and down;)
     
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  4. alor

    alor Well-Known Member Silver Stacker

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    try short CFD on Silver ETFs
     
  5. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I pay as much attention to fundamentals as silver and gold do.

    I see a (1),(2), 1,2, i,ii Elliott Wave pattern going back to August 2022. Dropping below 23.00 will help to confirm we are in a 3rd of a 3rd of a 3rd wave which could be pretty dramatic.
     
  6. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I'm not sure who represents the "Lightside". Am I being disloyal to the concept of silver? or bullishness about silver?

    I have the intention of loading up on silver at the bottom- which, I assume is an acceptable way to earn a buck?-, but that may be another year away. What to do in the meantime?
     
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  7. Davros10

    Davros10 Well-Known Member Silver Stacker

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    This isn't the service I use, but it reads similar on a shorter time scale.

    https://fxpro.news/technical-analysis/silver-wave-analysis-11-november-2021-20211111/
     
  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ^^^
    if 'shorting' Silver spot is your trend... Will you be selling your stash anytime soon? Im interested... :D
     
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  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Good question @Davros10.

    @wrcmad may be able to help.

    I’m tepid on the inflation driving large gains in the POS thesis. Maybe modest, which may well mean it struggles to keep ahead of inflation. As far as a hyperinflationary environment goes, that won’t happen in rich nations. Silver may have more of an industrial role to play rather than monetary.

    If the inflation crowd (not hyperinflation) are correct though, then I see a case for shorting PMs in the face of rising cash rates. It’s not something I would do though as I don’t know the best way, selling out is probably the simplest way but not really going short in the technical sense. Which is essentially what I’ve been doing for the past 12 months.

    Good luck :)
     
    Last edited: Nov 25, 2021
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  11. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I cashed out a while back. looking to put it to use while I'm waiting.
     
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  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Crypto ;)
     
  13. dozerz

    dozerz Well-Known Member Silver Stacker

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    open an account on a trading platform, buy the - sell silver perpetual.
     
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  14. PMCollector

    PMCollector Well-Known Member

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    Hey, shorting silver or anything really... Yes you can use an MT4 platform like FPMarkets which use a CFD, a derivative to sell the underlying asset. Keep in mind this is a leveraged synthetic product. As for stocks on asx again, at best you can only use a synthetic product of the underlying instrument, they wont allow you to directly short, especially not mini caps let alone pure silver stocks which are rare plays, large caps yes.

    EDIT : Normally even if you can secure borrow on exotic stocks for shorting, it will come with extra fee's/costs.
     
    Last edited: Nov 26, 2021
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  15. heartastack

    heartastack Well-Known Member Silver Stacker

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    To be honest even with a 50% upside potential I couldn't be bothered selling all my silver and then doing that and buying back again, not now anyway. Would have to be a life-changing sum of almost guarantee to be tempting.
     
  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Opportunity cost
     
  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    If it's worth the effort I guess. And you have to be pretty confident to catch the trade to get the max gain. Is he using a bot? I don't think silver is a good asset to be traded like that just because there are easier assets to trade for the same amount of effort - often less so (crypto). For me, silver still feels like the insurance category of a portfolio. Perhaps it's still falling into a purely speculative play for some (or even most?) people? Why trade in and out of your insurance for gains?
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    right timing, but anyway to short those cryptos, that down 20%+ in less than a day wow
     
  19. alor

    alor Well-Known Member Silver Stacker

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    now people buy and sell discarded insurance, so if you had surrendered your life insurance before, you can just buy a new one, that other people sold.
    same age etc etc, keep paying the premium. and get paid if the fellow name written on it has heart failed on him, you get paid, then buy a new one again. LOL its just like spare parts market for your auto.
     
  20. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    From experience insurance sucks. Until you need it, of which I haven’t really had any meaningful experience.

    Everyone has to do what they’re comfortable with and with the best information they have at hand. In hindsight my silver plays were the worst financial decisions I’ve made and have probably cost me a 6 figure sum in lost opportunity. Now I look at it and scratch my head wondering what I was thinking. And that’s not because I’ve lost money, it’s because I believed the unbelievable.
     
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