SILVER 1 OZ 999 NY (XAG=X) return of trader and investor risk Gold prices are modestly down in early U.S. trading Monday, pressured a bit by a return of trader and investor risk appetite to the world marketplace—despite potentially disruptive elements that still loom over the stock and financial markets. December gold futures were last […]
SILVER 1 OZ 999 NY (XAG=X) Weak Dollar Is Setting the Stage Last week, silver struggled as the U.S. Dollar Index (DXY) rallied to a new recent high of 96.14. That was simply too much headwind for silver prices, which caved to the pressure and sold down to $14.24 on Tuesday (Oct. 9). Wednesday (Oct. […]
SILVER 1 OZ 999 NY (XAG=X) sideways as we are digesting recent gains Silver markets continue to be very choppy and sideways, and therefore a bit undecided. I think at this point we are just simply deciding whether or not the recent gains are justifiable. If the US dollar strengthens, that will probably drive down the […]
SILVER 1 OZ 999 NY (XAG=X) continue to trade based upon the US dollar Silver markets continue to show signs of strength on Tuesday, reaching towards the $14.90 level before running into resistance. Silver markets will continue to trade based upon the US dollar, so make sure you are paying attention to how it is […]
SILVER 1 OZ 999 NY (XAG=X) edges lower Market turmoil and a weaker U.S. dollar are setting the stage for a significant rally in the precious metal – one that will shrink the gold-to-silver ratio and make silver holders a killing in the process. As silver plays catch-up with gold, the metal’s near-term outlook is […]
SILVER 1 OZ 999 NY (XAG=X) Buy Opportunity Especially In Silver Miners With recent global market weakness we believe that two things will happen. First, gold will confirm its August bottom, and will rise from here. That’s a forecast based on our leading indicators combined with the chart setup (rounding bottom). Second, silver miners likely will outperform, especially if […]
SILVER 1 OZ 999 NY (XAG=X) Little Change Expected this Week Interest rate increases and higher U.S. bond yields dampen appeal for gold, which offers no yield. They also tend to boost the dollar. A stronger dollar can make dollar denominated assets, like gold, more expensive for potential buyers holding other currencies. Elsewhere in precious […]
SILVER 1 OZ 999 NY (XAG=X) buy-and-hold Silver markets pulled back to kick off the day on Wednesday, but it looks as if there are buyers willing to step in to this marketplace and perhaps go long. The $14.45 level above has been short term resistance, so it would make sense that we would attempt to […]
SILVER 1 OZ 999 NY (XAG=X) nice buying opportunity if cautious Silver markets initially pulled back during the trading session on Tuesday, reaching towards the $14.30 level before bouncing as we did on Monday as well. The candle stick is grinding its way higher, and I think we are trying to put a bit of a […]
SILVER 1 OZ 999 NY (XAG=X) Prices Firmer On Short Covering Gold and silver prices are modestly up in early-afternoon U.S. trading Tuesday. Some mild short covering in the futures markets and bottom-fishing in the cash markets were featured in both metals today, following Monday’s solid losses. The U.S. dollar index by midday had backed […]
SILVER 1 OZ 999 NY (XAG=X) Prices Pounded By Strong Dollar Gold and silver prices are solidly lower in early-afternoon U.S. trading Monday, and close to their daily lows. The safe-haven metals did not get any benefit from an uptick in risk aversion to start the trading week today. Instead, both are being pressured by […]
SILVER 1 OZ 999 NY (XAG=X) Buyers Return to Market Gold prices are slightly lower in early-afternoon U.S. trading Thursday and have visited both sides of unchanged in a choppy session. Global stock markets were lower today, suggesting a bit of risk aversion present in the marketplace. That’s bullish for the safe-haven metals. However, the […]
SILVER 1 OZ 999 NY (XAG=X) sales soared 151 percent Silver sales soared 151 percent from August to 1,305,600 ounces, their highest since March 2016. From a year earlier, sales advanced about 87 percent. Silver prices inched up 0.7 percent in September, after falling for three straight months, and marking an over 9 percent decline […]
SILVER 1 OZ 999 NY (XAG=X) resistance at $15.07 Silver prices closed near mid-range today and hit a four-week high. Prices are in a fledgling three-week-old uptrend on the daily bar chart. The silver bears still have the overall near-term technical advantage but recent price action suggests a market bottom being in place. Silver bulls’ […]
SILVER 1 OZ 999 NY (XAG=X) market bottom is in place Silver futures bears have the overall near-term technical advantage, Friday’s strong rally and bullish weekly high close suggests a market bottom is in place. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. The next […]
SILVER 1 OZ 999 NY (XAG=X) Daily Highs Silver prices are solidly higher and near the recent four-week high, in morning dealings Friday. Both metals were trading not far from unchanged levels at the opening of U.S. futures trading. Short covering and some bargain buying heading into the weekend are featured. Also, the last trading […]
SILVER 1 OZ 999 NY (XAG=X) seeing pressure from a stronger U.S. dollar Gold and silver prices are down and have extended overnight losses in early U.S. trading Wednesday. Gold futures prices have dropped to a four-week low. The metals are again seeing pressure from a stronger U.S. dollar index today. Risk aversion remains very […]
SILVER 1 OZ 999 NY (XAG=X) still have the firm overall near-term technical advantage The silver bears still have the firm overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an ounce. The next downside price breakout objective for the bears is closing prices […]
SILVER 1 OZ 999 NY (XAG=X) are in a holding pattern ahead of the Federal Reserve’s Open Market Committee Gold and silver prices are slightly higher in early U.S. trading Tuesday. The precious metals markets and many other markets are in a holding pattern ahead of the Federal Reserve’s Open Market Committee (FOMC) meeting that […]
SILVER 1 OZ 999 NY (XAG=X) solid technical resistance at $15.00 Silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. Overall, the bias in prices is: Downwards. The projected upper bound is: 14.66. The projected lower […]
SILVER 1 OZ 999 NY (XAG=X) Target $17.50 While there is room for gold to continue to outperform silver in the near-term, one research firm said the current relationship between the two metals is unsustainable. Silver is forecasted to outperform gold next year as economists at Capital Economics expect the Federal Reserve to be forced to end its rate […]
SILVER 1 OZ 999 NY (XAG=X) exploded to one of the widest margins in history The gold-silver ratio has exploded to one of the widest margins in history, with gold trading almost 85 times the price of silver. The ratio set by law is supposed to be 15-to-1; how did we get to 85-to-1? This is the […]
SILVER 1 OZ 999 NY (XAG=X) Next Support at $14.065 Silver futures bears still have the solid overall near-term technical advantage. There are still no strong, early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an ounce. […]
SILVER 1 OZ 999 NY (XAG=X) Found Support December silver futures bears have the solid overall near-term technical advantage. There are no early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an ounce. The next downside price […]
SILVER 1 OZ 999 NY (XAG=X) Seeing Some Support December silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $13.50. […]
SILVER 1 OZ 999 NY (XAG=X) undervalued relative to stocks, bonds, gold A drop in silver prices this year has attracted investors seeking a bargain, prompting a temporary sellout of the 2018 American Silver Eagle bullion coins at the U.S. Mint this month. “The sellout of Silver Eagles implies that demand for physical [silver] has […]
SILVER 1 OZ 999 NY (XAG=X) solid technical resistance at $15.00 Silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at […]
SILVER 1 OZ 999 NY (XAG=X) recorded its lowest London benchmark price yesterday since the “anti-arb” flash crash of late January 2016 Silver held flat around $14.12 after recorded its lowest London benchmark price yesterday since the “anti-arb” flash crash of late January 2016, when the auction process fixed at $13.58 – some 80 cents […]
SILVER 1 OZ 999 NY (XAG=X) Looking for a Rebound The silver market just can’t seem to catch a break as its performance compared to gold has fallen to its lowest level in 25 years. On Tuesday, silver prices fell to their lowest level in 2.5 years; meanwhile the gold market has managed to hold around the […]
SILVER 1 OZ 999 NY (XAG=X) some potential storm clouds on the horizon December silver futures bears have the solid overall near-term technical advantage. There are no early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an […]
SILVER 1 OZ 999 NY (XAG=X) Coming Very Close to a Bottom According to Quartz, silver prices have fallen to their lowest levels since 2016, shedding 17 percent since the start of this year. The metal started 2018 at $553 per kilogram. The highest price for this year was $564/kg which was way back in January. Now, […]
SILVER 1 OZ 999 NY (XAG=X) no early clues to suggest a market bottom is close at hand December silver futures bears have the solid overall near-term technical advantage. There are no early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical […]
SILVER 1 OZ 999 NY (XAG=X) solid overall near-term technical advantage December silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at […]
SILVER 1 OZ 999 NY (XAG=X) hit 21-month lows at $14.16 per ounce Silver prices today hit 21-month lows at $14.16 per ounce, driving the Gold/Silver Ratio of the two precious metals’ prices up past the 2008 crisis peak to reach 84.5 December silver futures bears have the solid overall near-term technical advantage and gained more […]
SILVER 1 OZ 999 NY (XAG=X) some positive signs The nearby COMEX silver futures contract traded to a high of $17.35 per ounce on June 11, but the price has declined steadily reaching its most recent low at $14.3150 on August 16. This past week, September silver futures on COMEX have been rolling to the […]
SILVER 1 OZ 999 NY (XAG=X) Consolidating Wall Street and Main Street both look for gold prices to rally in the week after traders return to work from the long U.S. Labor Day weekend, based on the weekly Kitco News gold survey. Eighteen market professionals took part in the Wall Street survey. Nine respondents, or […]
SILVER 1 OZ 999 NY (XAG=X) Next Upside $15.50 December silver futures bears have the overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.00. First resistance […]
SILVER 1 OZ 999 NY (XAG=X) little risk aversion among traders and investors Gold and silver prices are lower in early U.S. trading Wednesday. With little risk aversion among traders and investors at present, the safe-haven metals remain on shaky ground. December gold futures were last down $4.70 an ounce at $1,209.50. December Comex silver […]
SILVER 1 OZ 999 NY (XAG=X) Silver Rallies December silver futures bears have the overall near-term technical advantage, but prices hit a two-week high overnight. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices […]
SILVER 1 OZ 999 NY (XAG=X) First Target $15.50 December silver futures bears have the overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.00. First resistance […]
SILVER 1 OZ 999 NY (XAG=X) a cheap buy for long-term investors After a major sell-off, precious metals are a cheap buy for long-term investors, according to Wells Fargo Investment Institute, which highlighted silver as the best investment choice at the moment. “At the top of our commodity buy list are metals, especially precious metals. […]
SILVER 1 OZ 999 NY (XAG=X) resistance at $14.80 Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as […]
SILVER 1 OZ 999 NY (XAG=X) Looks Like a Good Deal Spot silver tumbled down 10.6% in the last six months, last trading at $14.78, up 0.14% on the day, while September Comex silver was last seen at $14.76, down 0.01% on the day. Silver is down … and has a good fundamental backdrop … […]
SILVER 1 OZ 999 NY (XAG=X) is showing signs of life After becoming significantly oversold late last week, the price of silver has managed to show some strength. So far, that bounce has been somewhat timid. But conditions are ripe for a strong rally. We may have seen the U.S. dollar peak against its major […]
SILVER 1 OZ 999 NY (XAG=X) rices fell to their lowest level since early 2016 Gold and silver prices are slightly lower in early U.S. trading Friday, on a quieter day in world markets. Selling interest in the metals is limited by a weaker U.S. dollar index and firmer crude oil prices so far today. […]
SILVER 1 OZ 999 NY (XAG=X) Slightly Down September silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.00. First […]
SILVER 1 OZ 999 NY (XAG=X) lowest level since early 2016 Silver saw another bout of intense selling on the futures market and was pushed as low as $14.37/oz. There was no economic news or silver related developments that would account for the deepening sell-off. It is again a purely futures-related price action with no […]
SILVER 1 OZ 999 NY (XAG=X) were hammered lower Gold and silver bulls remain frustrated their supposedly safe-haven metals have not seen any support from the potential for a secondary currency market crisis that could be looming. December gold was last down $14.40 at $1,186.30 and September silver was down $0.688 at $14.355. Overall, the […]
SILVER 1 OZ 999 NY (XAG=X) Heffx Buy Rating Currently, silver priced in the Dow is close to all-time lows. Economic conditions are favourable to paper and debt-based assets. The bullish wedge is an indication that all this is about to change. A breakout from the wedge will be the start of a massive wave […]
SILVER 1 OZ 999 NY (XAG=X) hit 17-month low September silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $15.00. […]
SILVER 1 OZ 999 NY (XAG=X) Heffx Upgrades Silver to a Buy Rating If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold. Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday […]
SILVER 1 OZ 999 NY (XAG=X) Bulls Working To Stabilize Prices Like gold and many other commodities over recent weeks, the price of silver remains close to its lows. Silver is both a precious and an industrial metal and its long history of incredible price volatility at times has caused speculators to flock to the […]
SILVER 1 OZ 999 NY (XAG=X) Prices Weaker On Bearish Outside Markets September silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.75 an ounce. The next downside price breakout objective for the bears is closing prices below solid […]
SILVER 1 OZ 999 NY (XAG=X) Prices See Corrective Bounces Silver markets fell hard to open the week on Monday, as we reached down to the $15.28 level. The market has recently bounced from the $15.23 level, an area that I would expect to see a lot of interest. However, I think that short-term pullbacks […]
SILVER 1 OZ 999 NY (XAG=X) trading 0.5% lower Gold and silver prices are seeing more selling pressure related to a strong U.S. dollar to start the trading week Monday. The yellow metal is trading near last week’s 12-month low. December gold futures were last down $7.10 an ounce at $1,216.10. September Comex silver was […]
SILVER 1 OZ 999 NY (XAG=X) lack of fresh major fundamental news Gold and silver prices are mildly lower in early U.S. trading Tuesday. Low risk aversion in the world marketplace continues to hamper the safe-haven metals. Also, the lack of fresh, major fundamental news is emboldening the chart-based sellers, most of whom are bearish […]
SILVER 1 OZ 999 NY (XAG=X) solid overall near-term technical advantage Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday August 2. Precious metals were broadly stronger this morning; platinum rose by 0.6%, palladium and gold were up by 0.2% […]
SILVER 1 OZ 999 NY (XAG=X) solid overall near-term technical advantage The silver market saw lackluster activity for the second consecutive month. The LBMA said that the volume of silver traded last month dropped by 1.2% to 229.1 million ounces. Silver prices were relatively stable in June with the LBMA reporting an average price of […]
SILVER 1 OZ 999 NY (XAG=X) awaiting the results of the latest FOMC meeting Silver futures positions held are rapidly approaching levels that in the past have marked the start of strong rallies higher. This week, traders are awaiting the results of the latest FOMC meeting. No rate hikes are expected at this latest sit-down, […]
SILVER 1 OZ 999 NY (XAG=X) Heffx Issues a Buy Rating Despite bullion’s current lack of popularity, it tends to react well to ballooning government deficits and debts, which is what’s been happening in the US. Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the […]
SILVER 1 OZ 999 NY (XAG=X) no major fundamental news Gold prices are moderately lower and silver prices are slightly down in early U.S. trading Thursday. Bearish near-term technical postures for gold and silver combined with no major fundamental news to drive the markets at present are allowing both metals prices to drift sideways to […]
SILVER 1 OZ 999 NY (XAG=X) Bearish Near Term Outlook September silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at […]
SILVER 1 OZ 999 NY (XAG=X) Buy into Dips Silver remain above key levels, the inflation picture continues to heat up, and record amounts of debt are towering all around us. Therefore, the recent selloff is overwhelmingly likely a transient phenomenon, mostly decoupled from any intermediate or long term fundamentals, and represents a very compelling […]
SILVER 1 OZ 999 NY (XAG=X) remain firmly bearish After peaking at $17.55 in January, silver prices are now down 12% and into what’s widely considered correction territory. Silver has now dipped below its December low and matched its low of July last year. That could be a sign of a double bottom, so we may have […]
SILVER 1 OZ 999 NY (XAG=X) Prices Weaker As Charts Still Bearish Precious metals gold and silver were trading flat in the morning deals on Monday. The $15.50 level has offered resistance though, and I think it represents a cluster of major supply. Because of this, I don’t know how much farther we go, at […]
SILVER 1 OZ 999 NY (XAG=X) Priced Focused on the Dollar this Week The price of precious metals fell week-on-week for the second consecutive week in the period between July 15 and 20 due to strengthening of the dollar and drop in oil prices. Metals traders will remain focused on the dollar this week after […]
SILVER 1 OZ 999 NY (XAG=X) Massive Short Positions in Silver Silver markets broke down a bit during the day again on Thursday, breaking below the $15.50 level. This is a very negative turn of events, but we are still in a major “support zone” longer term. Because of this, I think that we are […]
SILVER 1 OZ 999 NY (XAG=X) Support at $15.00 Silver markets broke down significantly during the trading session on Tuesday, as the US dollar strengthened. This was most certainly a negative tone type of session, and of course Silver took quite a bit of selling pressure. However, I think at this point if you are patient […]
SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low The silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the July high of $16.26 an ounce. The next downside price breakout objective for the bears is closing prices below […]
SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Both markets are hovering near their 12-month lows set last week. Scant risk aversion in the marketplace the past several weeks has most traders and investors avoiding the safe-haven metals. […]
Silver Markets may see possible correction towards 16.46 The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion. Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and […]
SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds September silver futures bears have the firm overall near-term technical advantage as prices hit a 12-month low overnight. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.565 an ounce. The next downside price breakout objective for the bears is […]
Silver Hit Hard By Sell-Off in Raw Commodity Sector Silver prices are solidly lower and near their daily lows in early-afternoon U.S. trading Wednesday. The precious metals sold off in sympathy with a slumping raw commodity sector today, after the U.S. hit China with another volley of trade sanctions. A higher U.S. dollar index today […]
Silver Prices Down Amid Scant Risk Aversion Silver prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold futures were last down […]
Silver Trade Higher in Morning Trade Precious metals gold and silver were trading higher in the late morning deals on Monday. Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 10087.04 tonnes, remain unchanged from the previous business day. Overall, the bias in prices is: Downwards. By the way, […]
SILVER 1 OZ 999 NY (XAG=X) Rebound From Multi-Month Lows Silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets.silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived […]
SILVER 1 OZ 999 NY (XAG=X) markets noisy in thin trading on Wednesday Silver markets went back and forth during the trading session on Wednesday, dancing around the $16 level. The market looks likely to continue to go back and forth in this area. Silver markets have been very noisy during thin trading on Wednesday, as […]
Is Silver 1 OZ 999 NY (XAG=X) a Buy? Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. The key “outside markets” are also in […]
SILVER 1 OZ 999 NY (XAG=X) climbed 1.1 percent to $16.01 an ounce Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. […]
SILVER 1 OZ 999 NY (XAG=X) Worth Watching Silver seems to be presenting the opportunity of a lifetime. Fundamentals of the silver market are improving in favor of the bulls, and they suggest that silver prices could surge. Looking at the just technical side for a moment, both gold and silver have been in a […]
SILVER 1 OZ 999 NY (XAG=X) Can Silver Actually Rally Without Gold? Spot gold and platinum prices headed for their weakest quarter since year-end 2016 as investors seeking safe havens turned to U.S. Treasuries instead of bullion and demand for metals used in automobiles fell. Industrial demand for silver has kept prices from plunging to […]
SILVER 1 OZ 999 NY (XAG=X) lost 0.4 percent at $15.98 an ounce U.S.-driven trade confrontations hurt world stock markets and U.S. and German debt yields on Thursday, while Wall Street felt the additional brunt of a slump in health sector shares. Investors are positioning for a potentially fraught meeting of European Union leaders to […]
SILVER 1 OZ 999 NY (XAG=X) dropped 0.5 percent to $16.17 an ounce Gold down more than 3 pct this month Technical indicators suggest further falls Dollar near 2018 highs Platinum lowest since February 2016 An escalating trade dispute between the United States and China has hit global stock markets, but has so far not […]
SILVER 1 OZ 999 NY (XAG=X) down 0.4 percent at $16.24 U.S. Treasury Secretary Steven Mnuchin said that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying to steal our technology. Gold, usually seen as a safe store of value during economic and […]
SILVER 1 OZ 999 NY (XAG=X) Prices Down Amid Raw Commodity Market Sell-Off Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Gold was poised to close at a six-month low close today, and silver is at the bottom of its recent trading range. A general sell-off in the raw commodity sector […]
SILVER 1 OZ 999 NY (XAG=X) Weekly Outlook: June 25 – 29 U.S. inflation data will be in focus this week with the Federal Reserve having already flagged four interest rate hikes this year. The Fed’s preferred inflation measure; the core PCE price index is due on Friday. The third reading on first quarter U.S. […]
SILVER 1 OZ 999 NY (XAG=X) Extended but at Risk of More Losses The downdraft has a trend-line from July in play (bottom of long-term wedge), which could give it some life or stall the downward move at the least. A break, though, would be considered important (wedge break) and have a 15-yr trend-line in […]
SILVER 1 OZ 999 NY (XAG=X) Prices Down On Technical Selling Silver prices are slightly lower and hit a four-week low. The near-term technical postures for both metals have deteriorated the past week, which is inviting the chart-based sellers into the futures markets. August Comex gold futures were last down $4.00 an ounce at $1,274.60. July Comex silver was […]
SILVER 1 OZ 999 NY (XAG=X) Hit By Slumping Raw Commodity Markets July silver futures bears have the overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $17.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support […]
SILVER 1 OZ 999 NY (XAG=X) Bullish Positioning In Silver Soars Large speculators hiked their bullish positioning in silver futures by nearly nine-fold and also upped their net long in gold by a more modest 9% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. During the week-long period to June 12 that […]
SILVER 1 OZ 999 NY (XAG=X) Target Price 16.00 GOLD and SILVER fell Friday lunchtime in London, dropping back to $1289 and $16.95 per ounce respectively as the White House confirmed new tariffs on an extra $50 billion of China’s annual exports to the United States. US-China trade “has been very unfair, for a very long time,” […]
SILVER 1 OZ 999 NY (XAG=X) Prices Rally, Ignoring Rebounding U.S. Dollar Gold and silver prices are moderately higher in early U.S. trading Thursday, despite a solid rebound in the U.S. dollar as the U.S. day session gets under way. Gold prices hit a four-week high and silver hit a seven-week high today. Bargain hunting […]
SILVER 1 OZ 999 NY (XAG=X) buyers continue to step in on value The Silver markets pulled back a bit during the trading session on Tuesday, reaching down towards the $16.75 level to look for more buyers. We have turned around the show signs of life again, and I think that we will eventually go […]
SILVER 1 OZ 999 NY (XAG=X) Heading Towards Key Resistance The market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar. The rise in the dollar is technical in nature – certainly […]
SILVER 1 OZ 999 NY (XAG=X) Limit Exposure in Silver Silver soared recently and white metal’s rally was accompanied by a huge volume. Those who are new to the precious metals market will probably immediately view this as bullish as that’s what the classic technical analysis would imply. Before Wednesday’s and Thursday’s rallies, the upswing […]
SILVER 1 OZ 999 NY (XAG=X) Target $17.23 Silver markets rallied significantly during the week, closing towards the top of the candle in a sign of strength. If we can break above the top of the candle, we should continue to go to the $17.23 level. This is a market that should continue to be noisy, […]
SILVER 1 OZ 999 NY (XAG=X) Forecast to 17.16 Silver markets broke out to the upside, breaking above the top of the short term consolidation area that we have been in for a while, and now we have formed a bit of a “W pattern”, and that of course is a very bullish sign. I think […]
SILVER 1 OZ 999 NY (XAG=X) Watch for Entry at $16.00 Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 16.61. The projected upper bound is: 16.95. The projected lower bound is: 15.96. The projected closing price is: 16.46. Candlesticks A white body occurred (because prices closed […]
SILVER 1 OZ 999 NY (XAG=X) Technicals Indicate Consolidation Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 16.62. The projected upper bound is: 16.99. The projected lower bound is: 15.99. The projected closing price is: 16.49. Candlesticks A white body occurred (because prices closed higher than […]
SILVER 1 OZ 999 NY (XAG=X) Still Consolidating Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 16.62. The projected upper bound is: 16.85. The projected lower bound is: 15.85. The projected closing price is: 16.35. Candlesticks A black body occurred (because prices closed lower than they […]