Silver 1 OZ 999 NY (XAG=X) have been hit hard by Wednesday afternoon’s Federal Reserve Open Market Committee (FOMC) statement

Silver 1 OZ 999 NY (XAG=X) have been hit hard by Wednesday afternoon’s Federal Reserve Open Market Committee (FOMC) statement

Silver 1 OZ 999 NY (XAG=X) have been hit hard by Wednesday afternoon’s Federal Reserve Open Market Committee (FOMC) statement Gold and silver markets have been hit hard by Wednesday afternoon’s Federal Reserve Open Market Committee (FOMC) statement and the ensuing press conference from Fed Chairman Jerome Powell. While the Fed cut U.S. interest rates, Powell was not […]

Silver 1 OZ 999 NY (XAG=X) “widely under-owned”

Silver 1 OZ 999 NY (XAG=X) “widely under-owned”

Silver 1 OZ 999 NY (XAG=X) “widely under-owned” An economic downturn is on its way and the best hedge against a major stock market sell-off is gold, silver, and mining stocks, which are all “widely under-owned” at the moment, said hedge fund Crescat Capital. “Precious metals are one of the few pockets of this market […]

Silver 1 OZ 999 NY (XAG=X) price action will remain sideways to higher in the near term

Silver 1 OZ 999 NY (XAG=X) price action will remain sideways to higher in the near term

Silver 1 OZ 999 NY (XAG=X) price action will remain sideways to higher in the near term Gold and silver prices are higher in midday U.S. trading Tuesday. The bulls are still enjoying the solid technical advantage, which suggests price action will remain sideways to higher in the near term. The precious metals bulls are also expecting more […]

Silver 1 OZ 999 NY (XAG=X) market awaits the Federal Reserve decision

Silver 1 OZ 999 NY (XAG=X) market awaits the Federal Reserve decision

Silver 1 OZ 999 NY (XAG=X) market awaits the Federal Reserve decision Silver markets went back and forth during the trading session on Monday as we continue to tread water just below the $16.50 level. That is an area that of course is significant resistance, as the market does tend to move in $0.25 and $0.50 […]

Silver 1 OZ 999 NY (XAG=X) undervalued relative to gold

Silver 1 OZ 999 NY (XAG=X) undervalued relative to gold

Silver 1 OZ 999 NY (XAG=X) undervalued relative to gold Silver has blasted higher in the last couple weeks, far outperforming gold.  This is certainly noteworthy, as silver has stunk up the precious-metals joint for years.  This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside.  Silver is […]

Silver 1 OZ 999 NY (XAG=X) in an accelerating seven-week-old uptrend

Silver 1 OZ 999 NY (XAG=X) in an accelerating seven-week-old uptrend

Silver 1 OZ 999 NY (XAG=X) in an accelerating seven-week-old uptrend Gold prices are slightly up and the silver market is posting good gains and hit a 12-month high in midday U.S. trading Wednesday. The precious metals bulls continue to enjoy very constructive price charts that are inviting traders to the long side of the markets. August […]

Silver 1 OZ 999 NY (XAG=X) enjoying very constructive price charts

Silver 1 OZ 999 NY (XAG=X) enjoying very constructive price charts

Silver 1 OZ 999 NY (XAG=X) enjoying very constructive price charts Gold and silver prices are moderately higher in early U.S. trading Wednesday. The precious metals bulls are enjoying very constructive price charts that continue to invite traders to the long side of the markets. August gold futures were last up $5.80 an ounce at 1,427.50. September Comex silver prices were last […]

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line Silver has been outperforming gold recently and this could continue to be the case as reversion to the mean unfolds in the gold/silver ratio. Looking at silver by itself, it is holding strong right now, however; it has a sizable trend-line running up […]

Silver 1 OZ 999 NY (XAG=X) posting solid gains

Silver 1 OZ 999 NY (XAG=X) posting solid gains

Silver 1 OZ 999 NY (XAG=X) posting solid gains Gold prices are near steady in early U.S. trading Monday, on a normal pause and some corrective consolidation after prices last Friday scored a six-year high. Silver prices are posting solid gains today, after that metal hit a 13-month peak on Friday. August gold futures were last down $0.40 […]

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge GOLD and SILVER PRICES spiked overnight in Asia trade on Friday as US President Trump claimed that a US Navy assault ship had shot down an Iranian drone threatening to attack it. Gold then eased back $15 in London business, retreating from its new 6-year Dollar […]

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high Gold prices are moderately higher in midday U.S. trading Thursday. August gold futures are poised to close at a five-month high close today. Silver bulls are on a tear this week as prices hit a nearly four-month high. August gold futures were last up $3.80 an […]

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish Gold and silver prices are solidly higher in midday U.S. trading Wednesday. The two precious metals saw technical buyers pick up the pace today, amid charts that are turning more bullish, especially for silver, which hit a nearly four-month high today. August gold futures were last up $12.90 […]

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high Gold prices are modestly down in midday U.S. trading Tuesday. Some stronger U.S. economic data gave the monetary policy doves some pause on their notions of several interest rate cuts in the coming months. Meantime, silver futures pushed to a nearly four-month high today […]

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets Silver markets went back and forth during the trading session on Thursday, as we continue to see a lot of noise in global markets. Silver of course is highly sensitive to the US dollar which of course has […]

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress Silver markets rallied a bit during the trading session after initially falling on Wednesday, slicing through the 200 day EMA. In fact, we even got above the $15.25 level during the […]

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating Silver markets will of course be paid attention to what the US dollar does, which will be heavily influenced by Jerome Powell and whatever conversation he has with the U.S. Congress. At this point in time, the $15 level also features a major gap that has now been filled, […]

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand Silver markets went back and forth during the trading session after gapping higher on Wednesday, showing a clear range as to where the market wants to deal with. The $15.25 level underneath should be support, while the $15.50 level above should be resistance. That […]

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback Last week, we had highlighted that there was a risk of a pullback before another leg higher in the precious metal given that the surge over the past 1-month saw gold prices at the most overbought levels in decades (full analysis). As such, with near-term […]

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming A couple of weeks back gold price exploded out of a large wedge to highs not seen in six years, which has bullion looking bullish for the foreseeable future as long as any correction it has doesn’t lead to a drop back inside the wedge. Looking at […]

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60 Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.  Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend. DAILY […]

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion Silver markets went back and forth during trading on Tuesday, showing signs of confusion and exhaustion. This is a market that has been bullish, although not nearly as bullish as the Gold markets have been. But that in mind, it makes sense that we continue […]

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce July silver futures 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 is closing prices above solid technical resistance at $16.00 an ounce. The next downside price breakout […]

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies July silver futures 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 is […]

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage July silver futures bears have the overall near-term technical advantage. However, prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the June high of $15.15 […]

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

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 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average

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

Silver 1 OZ 999 NY (XAG=X) may give healthy returns in the latter part of 2019

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

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions

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 1 OZ 999 NY (XAG=X) price tries to recover

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 1 OZ 999 NY (XAG=X) very likely that we have seen at the very least a short-term top

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) firmly higher lifted in part by the U.S. dollar index

Silver 1 OZ 999 NY (XAG=X) firmly higher lifted in part by the U.S. dollar index

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

Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance

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

Silver 1 OZ 999 NY (XAG=X) prices pop above price channel

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

Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies

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 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator

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

Silver 1 OZ 999 NY (XAG=X) Leading the Way Lower

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

Silver 1 OZ 999 NY (XAG=X) underperforming gold due to weaker safe-haven appeal

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

Silver 1 OZ 999 NY (XAG=X) struggles. with technical resistance

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

Silver 1 OZ 999 NY (XAG=X) bounced from support but still bearish

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) a lot of concerns out there about global trade and global economic growth going forward

Silver 1 OZ 999 NY (XAG=X) a lot of concerns out there about global trade and global economic growth going forward

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

Silver 1 OZ 999 NY (XAG=X) Prices Hover in Bullish Reversal Zone

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

Silver 1 OZ 999 NY (XAG=X) makes afresh 2019 low as buyers disappear

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

Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery

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

Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market

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 1 OZ 999 NY (XAG=X) failed to follow gold higher

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

Silver 1 OZ 999 NY (XAG=X) continues its bearish movement

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) continues to see a lot of struggle

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of struggle

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 1 OZ 999 NY (XAG=X) struggling at the down trending line of the falling wedge

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) in a 2.5-month-old downtrend on the daily chart

Silver 1 OZ 999 NY (XAG=X) in a 2.5-month-old downtrend on the daily chart

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 1 OZ 999 NY (XAG=X) markets testing major lows

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

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

Silver 1 OZ 999 NY (XAG=X) selling pressure

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15

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

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

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 1 OZ 999 NY (XAG=X) market suggests that we are likely to continue to find buyers

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

Silver 1 OZ 999 NY (XAG=X) continue to suffer from a lack of turbulence on the geopolitical front

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

Silver 1 OZ 999 NY (XAG=X) resistance at $15.31

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

Silver 1 OZ 999 NY (XAG=X) Prices Came Close to Downside Target

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

Silver 1 OZ 999 NY (XAG=X) price supported by a lower U.S. dollar index

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

Silver 1 OZ 999 NY (XAG=X) seems in a hurry to go nowhere

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

Silver 1 OZ 999 NY (XAG=X) under pressure

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 1 OZ 999 NY (XAG=X) continue to grind at major level

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

Silver 1 OZ 999 NY (XAG=X) prices press lower searching for a temporary bottom

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance of $15.65

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.65

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

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $16.00

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

Silver 1 OZ 999 NY (XAG=X) Profit Taking

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 1 OZ 999 NY (XAG=X) forecasts include a low of $12.25 and a high of $20

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

Silver 1 OZ 999 NY (XAG=X) bulls were fueled by a dovish stance taken by the U.S. Federal Reserve

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

Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers

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

Silver 1 OZ 999 NY (XAG=X) showing signs of life again

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

Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues

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 1 OZ 999 NY (XAG=X) at the 50% Fibonacci retracement level

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

Silver 1 OZ 999 NY (XAG=X) have regained some technical strength

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

Silver 1 OZ 999 NY (XAG=X) Prices Down As Risk Attitudes Still Upbeat

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

Silver 1 OZ 999 NY (XAG=X) slipping to its lowest since late December

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 1 OZ 999 NY (XAG=X) looks as if the US dollar boost will work against silver

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

Silver 1 OZ 999 NY (XAG=X) target $17.5 an ounce

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 1 OZ 999 NY (XAG=X) investors paying attention to the US dollar

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

Silver 1 OZ 999 NY (XAG=X) traders will closely monitor movements in the U.S. dollar

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 1 OZ 999 NY (XAG=X) broader market showing significant weakness

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

Silver 1 OZ 999 NY (XAG=X) Slowing Down

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) pressured a bit by upbeat attitudes among traders and investors to start the week

Silver 1 OZ 999 NY (XAG=X) pressured a bit by upbeat attitudes among traders and investors to start the week

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

Silver 1 OZ 999 NY (XAG=X) snapping two weeks of losses

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

Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction

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 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside

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

Silver 1 OZ 999 NY (XAG=X) More Upside Likely

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 1 OZ 999 NY (XAG=X) launch from $15.60

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 1 OZ 999 NY (XAG=X) forming a “Morning Star pattern”, which is very bullish

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 1 OZ 999 NY (XAG=X) testing the $15.50 level

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 […]

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