Stock symbol for silver spot prices

Bruce Bottger

I have some bags silver coins in my safe and record them in Quicken, converted to ounces. But I would like to show the value at the current spot price for silver, similar to a typical stock holding. I can't find a ticker symbol that works in Quicken. Does anybody have a solution for this?

Ps56k2

What kind of coins....

I've used this https://www.apmex.com/silver-price for buying and price checking.

Bruce Bottger

Thank you Ps56k2 for the quick response. Coincidentally I actually bought the bags from APMEX (unfortunately when it was at the high, I think cause I'm STILL underwater!).

Actually I was trying to find an index or reference that I can load into Quicken so it would automatically update market value, same way it does with stocks.

Ps56k2

Bruce Bottger said: Actually I was trying to find an index or reference that I can load into Quicken so it would automatically update market value, same way it does with stocks.

I was also looking for something to track spot precious metals -
don't think I found any -

and just started tracking some of the proxy stocks....  like GLD and SLV

BTW - every year I purchase from APMEX the US American Eagle silver 1oz, and in special years - the 1oz gold version.  This year, 2021 - the design is changing -

Farside2000

I would like to do the same thing Add silver coins to my portfolio with Quicken automatically updating market value Let me know if you find an answer

Bruce Bottger

I never found a perfect solution for spot prices that I could load in Quicken. So I converted my holding to oz and then just use SLV.

In other words, I found the silver equivalent of dimes and figured out that one bag of 1000 dimes contained 72.34 ounces of silver. Put those ounces in the shares field, therefore Quicken values my oz at the SLV price. Generally is close enough for my needs.

If you find a better alternative, I'm ALL ears.

GinRummy01

Same here in not finding a perfect match.  I use SIVR.  It seems to track a little closer to the daily spot price.

HalScoggins

Come on, Quicken. This has been an ongoing conversation for years. Does anyone at the company pay any attention to what people need?

Ps56k2

What’s wrong with just using SLV 

bpmra

Buying silver coin is a good investment for the future. It is a versatile investment option that can be used as an asset or as a store of value.

I have used this website: https://www.boldpreciousmetals.com/chart/silver-price

Silver has been used throughout history as money, jewelry, and industrial metal. The price of silver fluctuates but it has always been considered to be an excellent investment because it holds its value well and is easy to store.

Buying silver coins can also be a good way to diversify your portfolio and hedge against inflation by investing in both gold and silver coins.

restroup

SIVR (abrdn Physical Silver Shares ETF) is the best silver pricing index tracker I've found. It tracks about one US dollar below actual silver spot price per ounce, but still better than SVR. Just add $1.00 per ounce held to the shown value in your head and you'll come up pretty close. It would still be nice if there was a physical silver spot price somewhere though.