Silver 1 OZ 999 NY (XAG=X) Markets Slam Into Downtrend Line

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into Downtrend Line

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into Downtrend Line Silver markets rallied a bit during the trading session on Thursday, reaching towards the downtrend line in what could either be a down trending channel or the top of the descending triangle. Because of this, the downtrend line becomes very crucial. Silver markets rallied a […]

Silver 1 OZ 999 NY (XAG=X) likely that sideways action will continue

Silver 1 OZ 999 NY (XAG=X) likely that sideways action will continue

Silver 1 OZ 999 NY (XAG=X) likely that sideways action will continue Silver markets went back and forth during the trading session on Tuesday as we simply don’t look like we have anywhere to be right now. That being the case, it’s very likely that sideways action will continue to be a major influence in […]

Silver 1 OZ 999 NY (XAG=X) gains as geopolitical worries resurface

Silver 1 OZ 999 NY (XAG=X) gains as geopolitical worries resurface

Silver 1 OZ 999 NY (XAG=X) gains as geopolitical worries resurface Gold and silver prices are moderately higher in midday U.S. trading Monday, on some safe-haven demand as trader and investor risk aversion is a bit keener to start the trading week. December gold futures were last up $7.10 an ounce at 1,495.80. December Comex silver prices were last up $0.116 at […]

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

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

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility The Silver markets initially tried to rally during the trading session on Friday but continues to find a lot of resistance above at the downtrend line that forms the major wedge that I have marked out. Beyond that, there is support underneath, […]

Silver 1 OZ 999 NY (XAG=X) Stalls but Risk Remains

Silver 1 OZ 999 NY (XAG=X) Stalls but Risk Remains

Silver 1 OZ 999 NY (XAG=X) Stalls but Risk Remains Silver prices are down more than 10% off the September highs with XAG/USD trading in a wide range just below a critical resistance level we’ve been tracking for months now. These are the updated targets and invalidation levels that matter on the Silver weekly price chart. In […]

Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck

Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck

Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck Gold and silver prices are moderately higher in early U.S. trading Wednesday. There are lingering geopolitical matters that have many traders and investors looking to the safe-haven metals as an investment. December gold futures were last up $8.20 an ounce at 1,512.20. December Comex silver prices were last up $0.19 […]

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace Gold and silver prices are firmer in midday U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $2.70 an ounce at 1,507.20. December Comex silver prices were last […]

Silver 1 OZ 999 NY (XAG=X) markets continue to find support

Silver 1 OZ 999 NY (XAG=X) markets continue to find support

Silver 1 OZ 999 NY (XAG=X) markets continue to find support Silver markets fell slightly during the trading session on Monday, as we continue to see a lot of noise around the 50 day EMA which is currently sitting at the $17.46 level. There is a lot of noise in the area of the $17.50 level […]

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data Gold and silver prices are modestly down in early U.S. trading Friday, following what the marketplace perceives to be a generally upbeat U.S. employment report—even though the key non-farm payrolls number came in slightly lower than expected. December gold futures were last down $3.50 an ounce […]

Silver 1 OZ 999 NY (XAG=X) prices extend gains

Silver 1 OZ 999 NY (XAG=X) prices extend gains

Silver 1 OZ 999 NY (XAG=X) prices extend gains Gold and silver prices are trading with solid gains in morning U.S. dealings Wednesday. Prices have added to modest early gains and are at daily highs as the U.S. stock market opened under solid selling pressure. Safe-haven demand is featured in the metals amid worries about […]

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals Gold and silver prices are solidly higher in midday trading Tuesday, with gold turning around modest early losses as trouble is brewing on a few fronts, prompting demand for the safe-haven metals. Earlier today gold prices had hit a seven-week low and silver a six-week bottom. December gold […]

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside […]

Silver 1 OZ 999 NY (XAG=X) prices see normal corrective pullbacks

Silver 1 OZ 999 NY (XAG=X) prices see normal corrective pullbacks

Silver 1 OZ 999 NY (XAG=X) prices see normal corrective pullbacks Gold and silver prices prices are weaker in early U.S. trading Wednesday, on routine downside corrections amid price uptrends still firmly in place on the daily bar charts. Don’t be surprised to see the bulls step in to “buy the dips” at some point […]

Silver 1 OZ 999 NY (XAG=X) Price Retains Latest Rally

Silver 1 OZ 999 NY (XAG=X) Price Retains Latest Rally

Silver 1 OZ 999 NY (XAG=X) Price Retains Latest Rally Silver rallied in excess of 3% Monday, out-performing gold, as buyers dominated the market. As with gold, a break above the 20-day moving average added impetus to the move, which now looks set to re-test the recent $19.65/oz. high ahead of the July 2016 high at […]

Silver 1 OZ 999 NY (XAG=X) strong gains have investors attention

Silver 1 OZ 999 NY (XAG=X) strong gains have investors attention

Silver 1 OZ 999 NY (XAG=X) strong gains have investors attention Monday’s strong gains in the silver market have focused more trader and investor attention on the metal that many term gold’s little brother. Indeed, safe-haven demand has driven both silver and gold prices solidly higher since early-summer. Today’s burst in silver prices to a two-week high […]

Silver 1 OZ 999 NY (XAG=X) risk aversion in the world marketplace has subsided

Silver 1 OZ 999 NY (XAG=X) risk aversion in the world marketplace has subsided

Silver 1 OZ 999 NY (XAG=X) risk aversion in the world marketplace has subsided Gold and silver prices are slightly up in early U.S. trading Friday. Risk aversion in the world marketplace has subsided late this week, which is bearish for the safe-haven metals. However, there is still enough uncertainty on the geopolitical front to keep the sellers […]

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance Yesterday, the Federal Reserve cut interest rates to 1.75-2.00% as expected. However, the mixed outlook in regard to the future path of interest rates among the committee with 7/17 expecting rates to be lowered again slightly disappointed the dovish market expectations. Therefore, gold and silver […]

Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned

Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned

Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned Gold and silver prices are lower in early U.S. trading Wednesday. Safe-haven demand for the metals has waned a bit at mid-week as risk aversion has subsided just a bit. Traders and investors are now focused on today’s FOMC decision. December gold futures were last down […]

Silver 1 OZ 999 NY (XAG=X) some corrective pressure

Silver 1 OZ 999 NY (XAG=X) some corrective pressure

Silver 1 OZ 999 NY (XAG=X) some corrective pressure Gold and silver prices are modestly weaker in early U.S. trading Tuesday, on some corrective pressure following Monday’s gains. Still, look for more safe-haven demand in the near term after the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. The U.S. and Saudi Arabia are not likely […]

Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry

Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry

Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry Gold and silver prices are higher in early U.S. trading Monday, on safe-haven demand following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. Some metals market watchers are scratching their heads wondering why prices have […]

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) 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) 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) 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) 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) 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) 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 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) 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) 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) 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) 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) 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. […]