Silver 1 OZ 999 NY (XAG=X) struggling to get excited Large speculators upped their bullish positioning in gold futures sharply for the third straight reporting week for data compiled by the Commodity Futures Trading Commission, but the net long has risen so fast that some market watchers now wonder if gold prices might not be due for […]
Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average Silver’s recent break above $15.00 did not for long as the 200-day moving average, currently around $15.05, continues to act as strong resistance to a move higher. Silver has broken above the longer-dated moving average three times in the last two weeks […]
Silver 1 OZ 999 NY (XAG=X) may give healthy returns in the latter part of 2019 The price of silver in comparison with the price of gold is at a 26-year low. The ratio of gold price to silver price is currently around 90, the highest after March 1993. A higher ratio indicates that silver […]
Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions Gold prices are firmly higher in midday U.S. trading Thursday, boosted on safe-haven buying interest on news of another attack on big ships in the Persian Gulf region. August gold futures were last up $6.90 an ounce at $1,343.70. July Comex silver prices were last up $0.127 […]
Silver 1 OZ 999 NY (XAG=X) price tries to recover Silver markets gapped initially during the trading session on Tuesday, but then pulled back to fill that gap to find signs of support. By forming a tiny hammer, this suggests that we are going to try to recover the massive bearish candle from the Monday session, […]
Silver 1 OZ 999 NY (XAG=X) very likely that we have seen at the very least a short-term top Silver markets fell rather hard during the session on Monday, slicing through the $14.75 level, showing just how difficult it’s going to be to continue to go higher. What’s even more interesting is that the candle stick […]
Silver 1 OZ 999 NY (XAG=X) could be ready to move higher Just when it looked like silver was heading for a test of $14 per ounce and perhaps a test of the November 2018 low at $13.86, or even the December 2015 bottom at $13.635, the price turned around at the end of May […]
Silver 1 OZ 999 NY (XAG=X) firmly higher lifted in part by the U.S. dollar index Gold and silver prices are firmly higher in early U.S. trading Thursday, lifted in part by the U.S. dollar index that is selling off again today. Chart-based buying is also featured in both metals as their technical postures have […]
Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance Nothing new here, silver is lagging behind gold. It does have potential to squeeze a bit, though. The other day if finally broke a steadfast trend-line running off the February peak and is currently challenging the 200-day […]
Silver 1 OZ 999 NY (XAG=X) prices pop above price channel Our last silver price update was April 29, when we stated “little progress has been made since April 15 and the waves do not appear motive. Therefore, we will not be surprised if silver makes a deeper cut and one more jab towards lower […]
Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies Large speculators moved back into gold during the last reporting week for positioning data compiled by the Commodity Futures Trading Commission, although these accounts remained pessimistic toward most of the metals with more industrial characteristics, including silver, analysts said Monday. This continued a back-and-forth trend […]
Silver 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator Silver markets initially fell during the trading sessions that made up the week, but at this point it’s still a bit early to say. The fact that we formed a hammer is a very bullish sign though so keep that in mind. I do […]
Silver 1 OZ 999 NY (XAG=X) Leading the Way Lower The other day silver once again validated the trend-line running down off the February high with another solid drop following a retest. Stay below the trend-line and the outlook will remain neutral at best in the near-term, but broadly bearish. It’s the clear leader on […]
Silver 1 OZ 999 NY (XAG=X) underperforming gold due to weaker safe-haven appeal Unfortunately for silver bulls, there is no good news in sight for the precious metal, according to Orchid Research that believes silver will continue to underperform gold due to weaker safe-haven appeal. “At this juncture, we are not interested in asserting upside […]
Silver 1 OZ 999 NY (XAG=X) struggles. with technical resistance A soft start for silver this week as the three-month downtrend remains dominant and currently caps any upside moves. Silver remains under all three moving averages and below the 23.6% Fibonacci retracement level at $14,92. To initiate a turn higher, silver will need to break […]
Silver 1 OZ 999 NY (XAG=X) bounced from support but still bearish A bounce from $14.40 happened in the previous week and silver escaped breakdown below $14.40. At the current time, there is no bullish follow-through by the bull yet. The precious metal might hover near the current level with the top of the channel […]
Silver 1 OZ 999 NY (XAG=X) lower highs and lower lows Silver bounced off a six-month low at $14.38 earlier this week and pushed marginally higher but the move still looks weak as a new lower low and a lower high were put in place. Silver continues to respect the downtrend and a re-test of […]
Silver 1 OZ 999 NY (XAG=X) a lot of concerns out there about global trade and global economic growth going forward Silver markets rallied significantly on Thursday, reaching towards the $14.60 level, but it’s very likely that we will find sellers above at the downtrend line that I have marked on the chart. The $14.85 level […]
Silver 1 OZ 999 NY (XAG=X) Prices Hover in Bullish Reversal Zone Our last silver price update was April 29, when we stated “little progress has been made since April 15 and the waves do not appear motive. Therefore, we will not be surprised if silver makes a deeper cut and one more jab towards […]
Silver 1 OZ 999 NY (XAG=X) makes afresh 2019 low as buyers disappear Another precious metal under heavy selling pressure. Silver is now at levels last seen in early December last year and is over 11% lower since making its recent high of $16.21/oz. in late February. The downtrend since the late-February high continues to […]
Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery July silver futures prices closed near the session low and hit a 5.5-month low today. The silver bears have the solid overall near-term technical advantage and gained fresh power today. A three-month-old downtrend is in place on the daily bar chart. Silver […]
Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market A series of lower highs off the February 20 high print dominates Silver’s chart and suggests lower prices ahead. Silver currently changes hands at $14.82 and is under pressure from a technical perspective, as it trades below all three […]
Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. Chinese manufacturers of solar-energy […]
Silver 1 OZ 999 NY (XAG=X) continues its bearish movement On the long-term outlook, XAGUSD continues its bearish movement. The Bearish movement continues last week as predicted. There was a breakout at the lower trend line of the triangle and the Bears exerted more pressure last week and the price moved towards $14 level. The Bears […]
Silver 1 OZ 999 NY (XAG=X) price action going lower The silver price rose and fell a nickel or so in morning trading in the Far East on their Friday — and then didn’t do much of anything until after the noon silver fix was put to bed in London. It began to head lower […]
Silver 1 OZ 999 NY (XAG=X) continues to see a lot of struggle Silver markets have fallen during the trading session on Thursday, showing signs of weakness. However, we are still within a rising wedge, which extends down to about $14.60 currently. If we were to break down through that level, silver could fall rather hard. […]
Silver 1 OZ 999 NY (XAG=X) struggling at the down trending line of the falling wedge Silver markets tried to rally but then gave back the gains during the trading session on Wednesday, showing signs of resistance at the $15.00 level yet again. This is a market that continues to be tight and negative overall, but […]
Silver 1 OZ 999 NY (XAG=X) Target $16 Based on last week, silver is about to make an explosive move. With the market closing below the 9-day moving average, which is VC PMI’s first filter, it tells us that we are coming into the week with a bearish trend momentum. The VC PMI’s weekly average […]
Silver 1 OZ 999 NY (XAG=X) in a 2.5-month-old downtrend on the daily chart July silver futures bears have the overall near-term technical advantage. Prices are in a 2.5-month-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.15 an ounce. The next downside […]
Silver 1 OZ 999 NY (XAG=X) markets testing major lows Silver markets broke down a bit during the trading session on Thursday, reaching below the $14.60 level at one point. However, we did see a significant amount of buying pressure just below there, as both silver and gold both tried to break down rather significantly during […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31 May silver futures bears have the overall near-term technical advantage. Prices are in a nine-week-old downtrend on the daily bar chart. However, last Friday’s bullish weekly high close is one clue that a market bottom is now in place. Silver bulls’ next upside price […]
Silver 1 OZ 999 NY (XAG=X) selling pressure May silver futures bears have the overall near-term technical advantage. Prices are in a two-month-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the April high of $15.31 an ounce. The next downside price […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15 May silver futures prices closed nearer the session low today. The silver bears have the overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance […]
Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike Researchers from Kent Business School published a paper this week in the journal Environmental Science and Pollution Research where they state that increased demand for solar panels causes silver prices to spike. The researchers say that if silver prices go way too high, […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31 May silver futures bears have the overall near-term technical advantage. Prices are in a seven-week-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the April high of $15.31 an ounce. The next […]
Silver 1 OZ 999 NY (XAG=X) market suggests that we are likely to continue to find buyers Silver markets drifted a bit lower during trading on Tuesday, reaching towards the bottom of the that is a good looking candle stick and it sits right on top of a previous cluster. The fact that we are already […]
Silver 1 OZ 999 NY (XAG=X) continue to suffer from a lack of turbulence on the geopolitical front Gold and silver prices are moderately lower in early U.S. trading Monday. The safe-haven metals continue to suffer from a lack of turbulence on the geopolitical front that would provide some demand for them. June gold futures were last down […]
Silver 1 OZ 999 NY (XAG=X) resistance at $15.31 Gold and silver prices are moderately up in early U.S. trading Friday, on corrective bounces after selling off sharply on Thursday. A sell off in the U.S. dollar index today is also benefiting the precious metals markets. June gold futures were last up $3.60 an ounce at $1,297.00. May Comex silver was last […]
Silver 1 OZ 999 NY (XAG=X) Prices Came Close to Downside Target We have been highlighting since early March about how silver prices may fall towards 14.75. We refined this target later to be 14.40-14.80. Last week, silver prices hit 14.90. This is close and a rally above 15.64 would build the case the low […]
Silver 1 OZ 999 NY (XAG=X) price supported by a lower U.S. dollar index Gold prices are moderately higher in midday U.S. trading Monday. However, prices have backed off their session highs. The metals are supported today by a lower U.S. dollar index and higher crude oil prices that scored a five-month high. June gold futures […]
Silver 1 OZ 999 NY (XAG=X) seems in a hurry to go nowhere Once again gold and silver seem in a hurry to go nowhere. They are both continuing their rotations before they head lower to their ultimate support levels, which are $1,280 in gold and $14.60 in silver. Notice how fast the markets can change. Just a few […]
Silver 1 OZ 999 NY (XAG=X) under pressure Gold and silver prices are modestly lower in midday trading Thursday, but have moved up from their daily lows that pushed both markets to more-than-three-month lows early on. An upbeat U.S. economic report released this morning bolstered the keener trader and investor risk appetite that is keeping safe-haven gold and […]
Silver 1 OZ 999 NY (XAG=X) continue to grind at major level\ Silver markets of course react to a large, round, psychologically important numbers as other markets do, and of course $15.00 is a crucial level. That being said, I anticipate that it’s only a matter of time before we get some type of bigger move, […]
Silver 1 OZ 999 NY (XAG=X) prices press lower searching for a temporary bottom Gold and silver prices are near steady in early-afternoon U.S. trading Tuesday. Gold prices hit a three-week low overnight, while silver fell to a three-month low. A higher U.S. dollar index that is closing in on its for-the-move high scored in March continues to […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance of $15.65 May silver futures bulls and bears are on a level overall near-term technical playing field. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the March high of $15.65 an ounce. The next downside price breakout objective for […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.65 May silver futures prices closed nearer the session low and hit a three-month low today. The silver bulls have lost the overall near-term technical advantage. A three-week-old uptrend on the daily bar chart was soundly negated today. Silver bulls’ next upside price breakout objective […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $16.00 May silver futures prices closed nearer the session low on some more profit taking from recent gains. The silver bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective […]
Silver 1 OZ 999 NY (XAG=X) Profit Taking Gold and silver prices are lower in early U.S. trading Tuesday, on normal downside corrections following recent gains that pushed prices to multi-week highs recently. Some profit-taking from the shorter-term futures traders is also featured today. April gold futures were last down $9.60 an ounce at $1,313.00. May Comex silver was last down $0.132 […]
Silver 1 OZ 999 NY (XAG=X) forecasts include a low of $12.25 and a high of $20 Silver price predicted to increase by over 4 percent in 2019 to average $16.28 an ounce. The range of forecasts include a low of $12.25 and a high of $20 for the metal. Platinum is also predicted to […]
Silver 1 OZ 999 NY (XAG=X) bulls were fueled by a dovish stance taken by the U.S. Federal Reserve Gold and silver prices are modestly up at midday Thursday, but well down from their daily highs that saw three-week highs in earlier U.S. trading. The precious metals bulls were fueled by a surprisingly dovish stance taken by the […]
Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers Gold prices fell in futures trade on Wednesday, hit by weak demand at the spot market and lacklustre trend in overseas markets. In the global markets, gold fell on account of the dollar’s rise against […]
Silver 1 OZ 999 NY (XAG=X) showing signs of life again The silver market initially pulled back during the trading session on Monday but found buyers to push higher as the market has seen plenty of volatility in this market, as we continue to see a lot of questions about the Federal Reserve and what […]
Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues This week precious metals traders will be monitoring the tone in the U.S. dollar ahead of a Federal Reserve meeting expected to shed more light on the outlook for U.S. interest rate hikes this year. The Fed is widely expected to keep monetary […]
Silver 1 OZ 999 NY (XAG=X) at the 50% Fibonacci retracement level Silver markets initially rallied during the trading session on Wednesday, showing signs of exhaustion. By forming a bit of a shooting star, that is a very negative sign for traders, and it’s likely that the $15.60 level is going to continue to cause a […]
Silver 1 OZ 999 NY (XAG=X) have regained some technical strength Gold and silver prices are moderately up in early U.S. trading Tuesday, on some short covering by the shorter-term futures traders and perceived bargain hunting following recent pressure. Another mild U.S. inflation report is also friendly for the precious metals markets. Bulls have regained some technical strength […]
Silver 1 OZ 999 NY (XAG=X) Prices Down As Risk Attitudes Still Upbeat Gold and silver prices are moderately lower in early-afternoon U.S. trading Monday, on downside corrections following gains posted last Friday. Investor and traders are also still exhibiting keener risk appetites worldwide, which is also a negative for the safe-haven metals. April gold futures were last down $7.80 […]
Silver 1 OZ 999 NY (XAG=X) slipping to its lowest since late December Metal traders will continue to monitor gyrations in the U.S. dollar this week after gold prices rose almost 1% on Friday as a weak U.S. employment report sent the greenback lower and clouded the outlook for the global economy. Markets will get […]
Silver 1 OZ 999 NY (XAG=X) looks as if the US dollar boost will work against silver Silver markets fell a bit during the trading session on Thursday, reaching down towards the $15.00 level during the day as the US dollar picked up strength, and the Euro of course fell. There is a major stabilizing factor […]
Silver 1 OZ 999 NY (XAG=X) target $17.5 an ounce Goldman Sachs is turning lukewarm on the general commodity index but the firm remains positive on gold and silver, increasing its forecast for the precious metal in its latest commodities report. In a report published Monday, commodity analysts at Goldman Sachs raised their forecast by $25 across the […]
Silver 1 OZ 999 NY (XAG=X) investors paying attention to the US dollar Silver markets have continued to fall during the trading session on Monday, reaching down towards the psychologically and structurally important $15 level. That’s an area that should continue to cause a bit of noise, so how we close it is going to be […]
Silver 1 OZ 999 NY (XAG=X) traders will closely monitor movements in the U.S. dollar This week precious metal traders will closely monitor movements in the U.S. dollar, one of the biggest drivers for gold, ahead of a U.S. jobs report that could underline the Federal Reserve’s case for patience when it comes to future […]
Silver 1 OZ 999 NY (XAG=X) broader market showing significant weakness Silver markets pulled back a bit during the trading session on Wednesday, as we continue to see the $16 level offer a lot of resistance. It appears that the $16 level is being defended rather heavily, and with so many different people giving testimony in […]
Silver 1 OZ 999 NY (XAG=X) Slowing Down The silver market pulled back a bit during the trading session on Tuesday, as the $16.00 level continues to offer massive resistance. I think at this point, we will more than likely pull back towards the uptrend line, possibly even the 50 day EMA underneath. At this point, […]
Silver 1 OZ 999 NY (XAG=X) testing the $16 level Silver markets went back and forth during the trading session on Monday to kick off the week, as we are testing the $16 level. This is an area that is rather significant resistance, and although we are still in and uptrend, it looks as if it […]
Silver 1 OZ 999 NY (XAG=X) pressured a bit by upbeat attitudes among traders and investors to start the week Gold prices are just modestly lower in early U.S. trading Monday. The safe-haven metals are pressured a bit by upbeat attitudes among traders and investors to start the week. April gold futures were last down $1.70 an ounce […]
Silver 1 OZ 999 NY (XAG=X) snapping two weeks of losses This week gold prices are likely to remain sensitive due to the ongoing trade talks between the U.S. and China, while U.S. economic data will also be closely watched for its impact on the greenback, one of the biggest drivers for the precious metal. […]
Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction Gold and silver prices are down in early U.S. trading Thursday, on some profit taking from recent gains and a downside technical correction—both of which are not unexpected. In fact, it can be argued that for a price uptrend […]
Silver 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside Silver markets rallied significantly during the trading session on Tuesday, as we start to make a move towards the $16.00 level. At this point, I think short-term pullbacks will be nice buying opportunities, as the US dollar is starting to soften. […]
Silver 1 OZ 999 NY (XAG=X) More Upside Likely March silver futures bulls have the near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the January high of $16.20 an ounce. The next downside price […]
Silver 1 OZ 999 NY (XAG=X) launch from $15.60 Silver prices slide below $15.60 in the previous week and risk further downside. Fortunately, the precious metal returned above the level by the end of the week and averted further bearish pressure. The bull manages to close the price at $15.72 and currently pressing the price […]
Silver 1 OZ 999 NY (XAG=X) forming a “Morning Star pattern”, which is very bullish Silver markets gapped higher on Friday, after forming a gapped lower on Thursday. This makes for what is known as a “Morning Star pattern”, which is very bullish. The fact that we are sitting on the uptrend line and the 50 […]
Silver 1 OZ 999 NY (XAG=X) testing the $15.50 level Silver markets have been all over the place on Thursday, as the markets have gotten quite a bit of mixed messages around the world. The United States released horrific numbers when it comes to retail sales and PMI figures, and at the same time we are […]
Silver 1 OZ 999 NY (XAG=X) Bulls Still Have Chart Edge Gold and silver prices are near steady in early-afternoon U.S. trading Wednesday and have traded both sides of unchanged today. Buying interest in both metals was limited by a higher U.S. dollar index today, as well as firmer U.S. stock indexes that hit two-month highs. However, the sellers remain […]
Silver 1 OZ 999 NY (XAG=X) Prices Pressured By Strong USDX Gold and silver prices are moderately lower in early-afternoon U.S. trading Monday. A higher U.S. dollar index early this week that hit a seven-week high today is a bearish “outside market” force working against the precious metals markets. April gold futures were last down $7.60 an ounce at $1,310.90. March Comex silver was […]
Silver 1 OZ 999 NY (XAG=X) Traders “Buy The Dip” A sign of a strong market is when prices see a corrective pullback in an uptrend, as traders step in do to some bargain hunting and “buy the dip.” Such is the case with the gold and silver markets late this week. Prices are moderately […]
Silver 1 OZ 999 NY (XAG=X) price breakout objective is closing prices above solid technical resistance at $16.50 an ounce March silver futures prices closed near the session high today. The silver bulls have the overall near-term technical advantage amid a seven-week-old price uptrend on the daily bar chart. Silver bulls’ next upside price breakout […]
Silver 1 OZ 999 NY (XAG=X) looks as if the market is ready to go towards the $16 Silver markets went back and forth during the trading session on Tuesday, as we continue to hover around the $15.85 level. The 20 day EMA has offered support during the previous session, forming a hammer. Ultimately, it looks […]
Silver 1 OZ 999 NY (XAG=X) Prices Pausing In Their Uptrends Gold and silver prices are near steady in early-afternoon U.S. trading Tuesday. A rebound in the U.S. dollar index this week is limiting buying interest in the precious metals markets. However, the bulls can correctly argue gold and silver are just seeing normal, and even healthy, downside corrections and […]
Silver 1 OZ 999 NY (XAG=X) fall on muted demand Gold and silver prices declined in futures trade on Monday, hit by a slump in demand from local jewellers and coin makers at the spot market and subdued global cues. Gold prices slipped on Monday in global markets as well as risk aversion waned with […]
Silver 1 OZ 999 NY (XAG=X) tracking gold to see a modest gain in 2019 Silver prices will track gold to see a modest gain in 2019 according to the average forecast from analysts taking part in this year’s survey by wholesale metals trade body the London Bullion Market Association. After falling within 1 cent of 2015’s […]
Silver 1 OZ 999 NY (XAG=X) next big economic data point is Friday’s U.S. jobs report Traders and investors are still digesting the Federal Reserve’s Open Market Committee (FOMC) meeting that concluded Wednesday afternoon. The FOMC statement contained no monetary policy changes but the FOMC members said they will now be patient on future Fed […]
Silver 1 OZ 999 NY (XAG=X) prices pushing to six-month highs Gold and silver prices are modestly up and in early U.S. trading Wednesday. Gold notched an eight-month high overnight, while silver prices pushed to six-month highs. Several factors are presently at work supporting the precious metals market bulls. February gold futures were last up $2.10 […]
Silver 1 OZ 999 NY (XAG=X) continue to grind higher Silver markets have rallied right along with the gold market during the trading session on Tuesday, as we reach towards the vital $16 level. This is a market that could cause a bit of resistance, but I think silver will take its cues from gold. Gold […]
Silver 1 OZ 999 NY (XAG=X) traders continue to seek out fresh news to drive the market Gold and silver prices are moderately lower in early-afternoon U.S. trading Thursday, with gold notching at three-week low. The metals are pressured today by a solid rally in the U.S. dollar index, which also hit a three-week high. Some technical selling is […]
Silver 1 OZ 999 NY (XAG=X) near-term chart postures have deteriorated recently Gold and silver prices are moderately lower in early-afternoon U.S. trading Thursday, with gold notching at three-week low. The metals are pressured today by a solid rally in the U.S. dollar index, which also hit a three-week high. Some technical selling is also occurring in gold and […]
Silver 1 OZ 999 NY (XAG=X) solid losses are working against the safe-haven metals early today Gold prices are modestly lower in early U.S. trading Wednesday. Stabilizing world equity markets and U.S. stock indexes that are set to rebound from Tuesday’s solid losses are working against the safe-haven metals early today. Gold and silver prices dropped […]
Silver 1 OZ 999 NY (XAG=X) dropped to three-week lows overnight as the bulls are fading Gold prices are trading near steady, while silver is slightly lower in early U.S. trading Tuesday. Both metals dropped to three-week lows overnight as the bulls are fading. There is some keener risk aversion in the marketplace today, which will […]
Silver 1 OZ 999 NY (XAG=X) $15 level of course will offer support Silver markets pulled back during thin trading on Monday as traders came back from the weekend. With the holiday schedule, and of course volume would have been late, so I don’t read too much into the pullback other than the 61.8% Fibonacci retracement […]
Silver 1 OZ 999 NY (XAG=X) Sell Off Amid Keener Risk Appetite Gold and silver prices are lower and headed toward technically bearish weekly low closes in early U.S. trading Friday. Trader and investors are exhibiting very little risk aversion in the marketplace to end the trading week, and that’s negative for the safe-haven metals. February gold futures were last […]
Silver 1 OZ 999 NY (XAG=X) awaiting a new fundamental spark to drive market direction Gold and silver prices are slightly lower in early U.S. trading Thursday. The metals have been trading sideways in quieter fashion for several sessions, awaiting a new fundamental spark to drive market direction. While this week’s uptick in trader and investor risk appetite […]
Silver 1 OZ 999 NY (XAG=X) expected to see silver pushing to a high of $17.50 an ounce The analysts said they see a potential for gold price to rise as the Federal Reserve looks to slow the pace of its monetary policy tightening this year. “In such a scenario the USD might not strengthen […]
Silver 1 OZ 999 NY (XAG=X) overall near-term technical advantage March silver futures prices closed nearer the session low. The silver bulls have the overall near-term technical advantage. A two-month-old price uptrend is in place on the daily bar chart. A bullish pennant pattern has also formed on the daily chart. Silver bulls’ next upside […]
Silver 1 OZ 999 NY (XAG=X) some safe-haven buying interest Gold prices are holding mild gains in early-aftgernoon U.S. trading Monday, in a quieter, choppy and two-sided session. Some safe-haven buying interest was featured as world stock markets started out the trading week lower on some very weak economic data coming out of China. However, U.S. […]
Silver 1 OZ 999 NY (XAG=X) traders will continue to monitor movements in the U.S. dollar This week precious metal traders will continue to monitor movements in the U.S. dollar, one of the biggest factors for gold, with the greenback in turn taking its cue from expectations around the Federal Reserve’s monetary policy plans. Tuesday’s […]
Silver 1 OZ 999 NY (XAG=X) some selling pressure as the U.S. dollar and U.S. stock market have pushed to higher levels Gold and silver prices are modestly down in early-afternoon U.S. trading Thursday. The safe-haven metals are seeing some selling pressure as the U.S. dollar and U.S. stock market have pushed to higher levels on the day. […]
Silver 1 OZ 999 NY (XAG=X) pressured by upbeat trader and investor attitudes Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday. The safe-haven metals are being pressured by upbeat trader and investor attitudes early this week. Still, the bulls can argue the price weakness in both metals is just a normal corrective pullback following […]
Silver 1 OZ 999 NY (XAG=X) showing signs of life again Silver had a good day on Tuesday, even though it fell. This is because not only did we pull back, but we also managed to find support. By doing so, at roughly the $15.50 level, it looks as if there is still a significant […]
Silver 1 OZ 999 NY (XAG=X) gains supported by chart-based buying interest Gold prices are posting good gains in early U.S. trading Monday, supported by chart-based buying interest as the near-term technical posture for the yellow metal is bullish. A weaker U.S. dollar index on this day is also working in favor of the precious metals […]
Silver 1 OZ 999 NY (XAG=X) traders will get a fresh update on the outlook for monetary policy on Wednesday This week precious metals traders will get a fresh update on the outlook for monetary policy from Wednesday’s December Federal Reserve meeting minutes and a speech by Fed Chairman Jerome Powell a day later. Last […]
Silver 1 OZ 999 NY (XAG=X) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 24.56. The projected lower bound is: 11.84. The projected closing price is: 14.70. Candlesticks A white body occurred (because prices closed higher than they opened). During […]