How to position a color picker opened through HTML5's color input?

The positioning of the input of type color is browser-specific implementation, in the official documentation there is no given rule for user-agents (i.e. browsers) how to position it over the page's element. This makes custom positioning via CSS for example, or JavaScript not possible.

However, there are some other rules (for example, there is always a color picked, and there is no way to set the value to the empty string.)

Keep in mind when using the input of type color, that Internet Explorer and Safari browsers do not support it yet.