The spot silver prices stalled a little in trading today as the risk on appetite for investors, which has been evident in the past few days, reversed on the news that some German banks may once again be harbouring toxic assets (where have we heard that before!)  Consequently, equities experienced a pullback as investors piled [...]

Spot silver prices continued to surge higher last week following their break out from the recent trending channel and confirming, once again, that once a break from such a technical pattern occurs it invariably results in a dramatic move.  Such is the case for spot silver at present as we approach our short term target [...]

A strong performance for the spot silver price last week which saw the metal close as a wide spread up candle, breaking well above all four moving averages on the weekly chart, and just failing to breach the high of June at $19.45 per ounce.  Indeed in silver trading so far this week this price [...]

The spot silver price continue to trade in a narrow price band  with yesterday’s wide spread up candle pushing the industrial metal back above the $18 per ounce level once again and firmly above all four moving averages as a result.  This positive momentum has continued in the early silver  trading session this morning with [...]

Spot silver rebounded higher today, having initially tested support at the 200 day moving average only to recover in later trading and move sharply higher to currently trade above all four moving averages once again.  This reversal of the last few days followed yesterday’s doji cross candle which suggested a potential turn once again and, [...]

Spot silver continues to trade sideways tending to follow equity markets rather than its more traditional correlation with the spot gold price which continues towards a potential high on the daily gold chart.  From a technical perspective yesterday’s price action was contained in a narrow trading range ending with the silver trading session ending as [...]

Spot silver followed the gold price higher yesterday breaking above all four moving averages once again and ending the silver trading session as a wide spread up bar with a small shadow to the upper body.   Given yesterday’s momentum we now need to wait and see whether this converts into further upwards pressure which [...]

Spot silver continues to consolidate in a narrow trading range as we wait for the industrial metal to follow its more illustrious cousin, spot gold, higher.  Friday’s price action ended as a narrow up candle, but one with a deep lower wick suggesting a degree of positive sentiment as silver bulls pushed the spot silver [...]

The spot silver price edged higher yesterday confirming the recent positive sentiment towards the industrial metal and holding above all four moving averages once again.  The low of the day found good support from the 40 day moving average suggesting that we should see a continuation of the recent upwards move in due course and [...]

Spot silver continued Friday’s positive sentiment with a second widespread up candle which broke above the 40 day moving average closing at $18.38 per ounce and holding above all four moving averages once again.  Whilst this is a positive signal yesterday’s high touched $18.52 per ounce, a level at which we saw a pullback in [...]

Spot silver prices edged marginally higher yesterday with trading confined to a very narrow range and sandwiched between the 40 day moving average to the downside and the 9 day moving average to the upside.  Indeed it could be argued that the 40 day  provided support whilst the 9 day offered resistance.  Yesterday’s price action [...]

Spot silver prices followed gold yesterday by closing the silver trading session lower with a relatively wide spread down candle but one which found support from both the 9 and 14 day moving averages.  As such this appears to be only a temporary pullback and we should expect to see spot silver continue its bullish [...]

Yesterday’s wide spread up candle propelled the silver spot price rapidly through the key resistance level at $18.75 which had proved an obstinate barrier on previous occasions.   This positive momentum now signals the continuation of the recent bull run from early February and in addition the instigation of a longer upwards move which has [...]

The spot silver market continues to grind its way higher, with yesterday’s narrow spread up candle edging above the deep resistance in the 17.50 price area, as the recovery in spot silver prices continues following the sharp sell off in late January and early February. With the close of yesterday finishing above all three moving [...]

Spot silver moved higher yesterday, ending the silver trading session with a wide spread up candle, which closed marginally above the high of Wednesday, and just below the 9 day moving average. However, despite this attempt to recover some of the losses of the last few weeks, the daily silver chart remains firmly bearish at [...]

Spot silver prices continued there healthy start to the new year with another day of gains, ending the silver trading session with a narrow spread up candle which flirted with the lower level of a significant resistance level in the 18.25 per ounce region. With yesterday’s candle breaching the 40 day moving average, and with [...]

Spot price silver too followed the gold market lower last week ending the weekly silver trading session with a wide spread down bar which closed below both the 9 and 14 week moving averages.  This candle confirmed the strong bearish signal of the previous week where we saw a deep shooting star which first indicated [...]

As I have outlined several times recently, the technical picture for silver and gold is very different at present. Whilst in the past the two commodities have found a close and positive correlation, this now appears to be breaking down and it is no longer a simple case of assuming that where gold prices go, [...]

Spot silver ended the trading session on Friday with a wide spread down candle, which reversed almost all the gains of Thursday, and suggested once again that we are in a bearish phase at present for spot silver prices. However, as I have outlined in several recent market commentaries for the industrial metal, for those [...]

Silver prices followed spot gold lower yesterday, ending the trading day with a wide spread down candle which marginally breached the 9 day moving average, suggesting that the recent sharp rally higher for spot silver, may have come to a temporary halt. Indeed the bearish engulfing signal could be a portent of a more significant [...]