Silver Sees Soaring Investor Demand

Silver Sees Soaring Investor Demand

#SILVER #XAG Silver prices climbed to their highest level in 10 months Monday, lifted by factory re-openings and soaring investor demand for precious metals. Futures linked to the metal rose 2.3% to $19.50 a troy ounce in New York, putting them on the right track for their highest settlement since September 2019. Silver prices have […]

Silver 1 OZ 999 NY (XAG=X) start week on front foot amid risk-on mood

Silver 1 OZ 999 NY (XAG=X) start week on front foot amid risk-on mood

Silver 1 OZ 999 NY (XAG=X) start week on front foot amid risk-on mood Three-month base metals prices on the London Metal Exchange were stronger across the board with prices up by an average of 1.7% as at 5.55am London time. Tin led the advance with a 3% rise to $15,350 per tonne, while aluminium […]

Silver 1 OZ 999 NY (XAG=X) Buy at First Support

Silver 1 OZ 999 NY (XAG=X) Buy at First Support

Silver 1 OZ 999 NY (XAG=X) Buy at First Support Shayne Heffernan Trade Idea “The silver market is small so it doesn’t take a lot of money to really push prices higher.” Shayne Heffernan PhD in Economics Why This Matters Rising demand for silver from investors will offset sharp falls in consumption by jewellers and […]

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market Silver stays below the 50 EMA level at $15.60 following the release of U.S. Initial Jobless Claims  report which showed that 5.25 million of Americans applied for unemployment benefits. Currently, it looks like the market was ready to hear the bad […]

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising Gold and silver futures prices are trading solidly lower in midday U.S. trading Wednesday, on normal downside corrections from recent strong gains that saw gold prices hit a 7.5-year high, at $1,788.80, on Tuesday, basis June Comex futures. Big gains in markets can […]

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly Silver Stays Below The Major Resistance Level At 50 EMA Silver pulls back following an attempt to break through the major resistance level at the 50 EMA at $15.60. There’s no material economic data scheduled […]

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained Silver Holds Above $15.00 As Markets Believe That Virus Containment Measures Are Working Silver continues its upside move after it breached the 20 EMA level several days ago. Equity markets remain optimistic which also helps precious metals in […]

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance Silver markets have rallied a bit during the trading session on Monday, reaching towards the $15 level. Keep in mind that silver is not only a precious metal, but it is also an industrial one. That being the case, it makes sense that as the silver […]

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread Despite the continued strength of the U.S. dollar, silver is trying to get through the major resistance near the 20 EMA in the $14.50 – $14.70 area. The U.S. Dollar Index continues its upside move and is currently trying […]

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply Yesterday’s strength has turned into a test of a key resistance level near the 20 EMA at $14.60. At this point, the attempt to breach the resistance was unsuccessful, but silver may make an attempt to get through the key resistance level in the […]

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low The coronavirus pandemic has hit silver to a ten-year-plus low, according to the Refinitiv GFMS annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. After rising to a five-month high by late February, the silver price experienced a […]

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover Silver markets have been drifting a bit lower over the last couple of days, as we said above the $14.00 level. If we can break down below that level, then it’s likely that we go much lower, perhaps down […]

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

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

Silver 1 OZ 999 NY (XAG=X) showing signs of exhaustion Silver markets did very little during the trading session to dissuade the sellers as we have been struggling to find direction. The market has recently pull back from the $15.00 level and it looks very likely that we are going to continue to see more bearish […]

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds U.S. dollar is finally rebounding against the broad basket of currencies following days of downside, and this rebound is putting pressure on silver. The U.S. Dollar Index, which has recently been close to the 104 level, has almost reached 98 […]

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure Silver markets initially tried to rally during the trading session after gapping higher and then pulling back to fill that gap. Furthermore, the market reached towards the $15.00 level before selling off yet again. At this point, the market looks likely that it […]

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In Silver markets rallied significantly during the trading session on Tuesday, breaking above the psychologically important $14 level. That being said, the market is likely to see some type of pullback in the short term. Given enough time, […]

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes The most important catalyst for all asset classes today is the U.S. Federal Reserve decision to expand its quantitative easing program. Due to the severity of the coronavirus crisis, the Fed decided that it will not set any limits to its market […]

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base Silver markets broke down a bit during the trading session on Wednesday, slicing below the $12.00 level again. This is an area that is important on longer-term charts, but at this point I am looking to see whether or not it is going to hold. […]

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative Silver markets were extraordinarily negative during the trading session on Thursday and sliced through the $16.00 level. By doing so, the market shows just how weak it is, because the area had been so supportive in the past. Looking at the size of this candlestick, it’s […]

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level Silver has started the week with losses. Currently, silver is trading at $16.96, down $0.65 or 2.16% the day. Silver Slips on Demand Concerns Silver continues to show sharp swings. The metal gained 4 percent last week, but has already given up about half of […]

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X)

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X)

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X) Silver has posted small gains on Friday. Currently, silver is trading at $17.54, up $0.65 or 0.65% the day. Jittery Investors Flock to Gold, Silver Silver prices have rebounded this week, with gains of 5.22%. After last’s week disaster, when silver fell almost 10%, […]

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners Amid the precious metals rally that was set off by the rapid spread of coronavirus and uncertainty around the ability to contain it, gold prices had ratcheted up to a seven-year high. While silver lagged the gains of […]

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut Silver markets have been rallying during the trading session after the surprise 50 basis point rate cut during the session by the Federal Reserve. This of course had money flowing into the precious metals markets, because of course the […]

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits?

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits?

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits? It’s been a wild week in the markets, and the silver lining for the precious metals sector is that the sell-off finally pushed some off the offside and wildly bullish small speculators out of their positions. In addition, the […]

Silver 1 OZ 999 NY (XAG=X) Markets Struggled

Silver 1 OZ 999 NY (XAG=X) Markets Struggled

Silver 1 OZ 999 NY (XAG=X) Markets Struggled Silver markets have gotten hammered during the trading session although they are positive while I am recording this. The market trying to rally and recover some of the losses from Friday but has seen the 200 day EMA offer quite a bit of resistance. Perhaps this is […]

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears As coronavirus panic intensifies around the globe — the list of countries touched by the virus has climbed to nearly 60, more than 86,000 people have been infected and over 2,900 have died — what is next for the markets? The gold […]

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears Silver markets did very little during the trading session, which is quite interesting considering the stock markets around the world are collapsing. This suggests that perhaps people are starting to look at the industrial component of silver just as much as it is the […]

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA Silver market participants continue to be a bit stagnant during the trading session on Wednesday after the initial gapped lower. That being the case, the market looks likely to see a lot of noise in this area as we are simply sitting at […]

Silver 1 OZ 999 NY (XAG=X) headed lower

Silver 1 OZ 999 NY (XAG=X) headed lower

Silver 1 OZ 999 NY (XAG=X) headed lower Silver has reversed directions on Tuesday and posted slight losses. Currently, silver is trading at $18.34, down $0.28 or 1.56% the day.  Silver Rally Fizzles Out Silver has been on an excellent run, climbing 6 percent since February 12. However, the rally has stopped on Tuesday, as […]

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices It has been an excellent week for silver, as the metal has gained an impressive 4.5% this week. This is shaping up to be silver’s strongest week since the last week in August, when silver jumped 5.3%. The coronavirus, which shows no signs of being […]

Silver 1 OZ 999 NY (XAG=X) show signs of exhaustion

Silver 1 OZ 999 NY (XAG=X) show signs of exhaustion

Silver 1 OZ 999 NY (XAG=X) show signs of exhaustion Silver markets have recently broken above the downtrend line on the chart that I have drawn, showing a resiliency that the market should continue to go higher. To the upside, the market reached towards the $18.50 level before pulling back a bit. Having said that, […]

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices Silver showed new strength on Tuesday as it advanced above a minor swing high of $17.87. That was the next price point to watch where silver could see some resistance. It did not, and therefore the move gives a new sign that […]

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout Silver strengthened on Monday as it reached a 10-day intraday high following a bullish breakout last Friday. In addition, last week’s high was exceeded providing an initial bullish signal on a weekly time frame. Bullish Breakout in Silver A breakout of a descending trend channel occurred last […]

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend Silver markets have rallied a bit into the weekend, as the market is dancing around the 50 day EMA yet again. We have recently bounced from an uptrend line, so that of course is a bullish sign as well. Given enough time, the market […]

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline Silver markets fell a bit during the trading session on Wednesday, showing signs of weakness again. Ultimately, the market looks very likely to continue drifting a little bit lower to reach towards the significant uptrend line just below. It should also be noted that the […]

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline Silver markets fell during the trading session on Wednesday, as we continue to see bits and pieces of weakness. Having said that, the market looks as if it is getting close to a major trendline, which of course will attract a lot of […]

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation So far, silver is up slightly on the day, advancing $0.035 or 0.20% to $17.72. Strength in the dollar has kept downward pressure on commodity prices in recent weeks, including silver. The U.S. Dollar index (DXY) reached a new trend high today as it moves […]

Silver 1 OZ 999 NY (XAG=X) Bullish Flag Pattern Continues to Form

Silver 1 OZ 999 NY (XAG=X) Bullish Flag Pattern Continues to Form

Silver 1 OZ 999 NY (XAG=X) Bullish Flag Pattern Continues to Form Silver has been consolidating in a relatively small downward sloping channel since hitting a swing high of $18.84 in early-January. That high completed a 14.12% rally off the $16.51 swing low from early-December, which was at support of the 200-day exponential average (ema). […]

Silver 1 OZ 999 NY (XAG=X) Markets Rally Significantly

Silver 1 OZ 999 NY (XAG=X) Markets Rally Significantly

Silver 1 OZ 999 NY (XAG=X) Markets Rally Significantly Silver markets got hammered during the week, reaching to extraordinarily low levels, breaking the back of a couple of hammers from previous weeks. However, we have seen a complete turnaround as traders continue to worry about the coronavirus. At this point, the market is likely to […]

Silver 1 OZ 999 NY (XAG=X) looks as if the uptrend is trying to continue

Silver 1 OZ 999 NY (XAG=X) looks as if the uptrend is trying to continue

Silver 1 OZ 999 NY (XAG=X) looks as if the uptrend is trying to continue Silver markets gapped higher to kick off the trading session on Thursday, and then continue to go much higher without much of a pullback. This shows a shock to the market, and we have sliced through the 50 day EMA. […]

Silver 1 OZ 999 NY (XAG=X) Finding Support

Silver 1 OZ 999 NY (XAG=X) Finding Support

Silver 1 OZ 999 NY (XAG=X) Finding Support Silver markets have dropped slightly on the opening gap Monday, but for the most part did nothing during the holidays session in America. With that being the case it’s very likely that this market will continue to be quiet, but I do believe that it is only […]

Silver 1 OZ 999 NY (XAG=X) price tumbles

Silver 1 OZ 999 NY (XAG=X) price tumbles

Silver 1 OZ 999 NY (XAG=X) price tumbles Silver markets have gotten hammered during the trading session on Tuesday, slicing through the 50 day EMA, breaking below the $17.65 level at the same time. Silver has struggled during the trading session and it now looks as if we are going to go much lower. That […]

Silver 1 OZ 999 NY (XAG=X) Prices Attempt to Rally

Silver 1 OZ 999 NY (XAG=X) Prices Attempt to Rally

Silver 1 OZ 999 NY (XAG=X) Prices Attempt to Rally Silver prices attempted to push higher, but prices were rejected at higher levels.  While the coronavirus has added volatility and uncertainty as it pertains to growth, the safe haven natural of silver demand helped buoy prices. Gold continued to rally, breaking out of a cup […]

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal Silver prices fell sharply on Tuesday, as the decline of 1.7% was the sharpest one-day drop since December 6. With a lack of U.S. fundamental releases until Thursday, any moves on Wednesday will be subject to technical factors, barring any major geopolitical developments. We’ll get […]

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’ U.S. Ends Week with Mixed Numbers The U.S. ended a busy week with a host of releases on Friday. Construction numbers for December were mixed. Building permits fell to 1.42 million, down from 1.48 million a month earlier. Housing starts were unexpectedly strong, […]

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure It’s been a tough week for investors in the metals market, with the prevailing sentiment flipping from excitement to check the morning prices following Middle East tensions to disgust almost overnight. While silver (SLV) prices briefly challenged stiff resistance at the $18.45/oz level during […]

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations Silver prices followed a similar trajectory to gold, though it looks as if its half-way through its bearish correction as it eyes support at 17.440. Cracking this floor would open the door to testing the December 20-low at 17.181. However, […]