December silver futures closed the week higher once again, ending the week at $34.65 per ounce, and trading in a narrow range following Thursday’s sharp gains, which saw silver gain almost $1.50 per ounce on the day, as the Federal Reserve finally fired the starting...
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Silver futures look set to move higher
Following a long period of sideways consolidation throughout the summer months, silver futures finally broke out of their trading range in mid August and now look set to develop a strong bullish trend over the next few weeks. The breakout initially occurred on the 20th August...
Spot Silver Prices – Daily Silver Chart 13th September 2009
Spot silver prices ended last week in positive territory following the sharp breakout in gold prices, which has led the industrial commodity higher as a result over the last two weeks, and the question now of course is whether this rally will continue in the...
Spot Silver – Daily Silver Chart 7th September 2009
The spot silver market closed last week in bullish mood, having followed the strong move higher in the gold market which finally broke out of the pennant pattern we have been highlighting for the last few weeks, and is which is now teasingly poised below...
Silver Trading – Silver Market Chart 20th August 2009
As equity markets appear to be holding their nerve and the dollar teeters on the edge of yet more negative sentiment, silver prices are currently trying to re-base the $14 per ounce level and indeed the last four days’ candles have all been characterized with...
Silver Trading – Silver Chart 19th August 2009
Further falls in the Shanghai Composite spooked the silver market in early trading with the initial losses then partially recovering as crude oil prices soared following much better than expected inventory data at Cushing. Whilst silver prices closed the session marginally lower the daily candle...
Silver Trading Prices – Silver Trading Chart 18th August 2009
Unlike spot gold, spot silver failed to bounce but rather ended the silver trading session with a small long legged doji which has several interesting characteristics which could suggest a minor reversal higher tomorrow. The first point of note is that the low of the...
Silver Trading – Silver Trading Chart 14th August 2009
Like gold silver trading too benefited yesterday from both a weaker Dollar and a rally in copper. In addition silver trading prices were also boosted by bullish data from France and Germany suggesting that Europe’s two largest economies may be pulling out of the current...
Spot Silver Prices – Silver Price Chart 11th August 2009
The modest rebound in the US Dollar currency continued yesterday and this appears to have been sufficient to depress silver prices down along with spot gold on a day when copper too was hit by a bout of profit taking. Overall spot price silver lost...
Spot Silver Prices – Silver Chart 10th August 2009
Friday’s shooting star candle on the daily silver chart made it three in a row and reinforced, from a technical perspective, the bearish sentiment currently in place for the price of spot silver. With three such consecutive signals of weakness it would seem likely that...
