Spot silver continues to follow gold higher as the commodity markets in general benefit from the continued dollar weakness and consequent strength in equities, as the current appetite for risk shows no sign of abating, although many market analysts are now suggesting that the US...
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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 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...
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...
Spot Silver Prices – Silver Prices Chart 7th August 2009
The effect of today’s Non Farm Payroll Data cannot be underestimated for a number reasons as it proves, once and for all, the cat’s cradle that is the financial markets. Should the numbers come in better than expected then this should prove beneficial for equities...
Spot Silver Prices – Silver Price Chart 6th August 2009
Much like gold silver prices took a bit of a breather yesterday but overall the sentiment on the silver chart still remains bullish, and in some ways, more so than gold. Yesterday’s candle ended the trading session with a small positive body with a small...
Spot Silver Prices – Silver Price Chart 5th August 2009
Yesterday’s wide spread up bar on the daily silver chart reinforced the bullish momentum outlined in yesterday’s market commentary for silver prices which was indicated by the gapped up opening of Monday morning. From a technical perspective the deep lower shadow of yesterday’s candle suggests...
Spot Silver Prices – Silver Price Chart 4th August 2009
Yesterday’s gap up (rising window) in spot silver prices has given us a strongly bullish signal for two reasons. First the gap up in itself is an indication that the move has bullish momentum but secondly and, perhaps more importantly, the price of silver hurdled...
