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Spot Silver 21 Feb 2011

Since my last post about silver – just three weeks ago – the metal has staged an extraordinary rally rising from $27 per ounce to trade at time of writing at $33.49 per ounce and fast galloping towards my 2011 target of $37.  I now...

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Spot Silver 26 Jan 2011

Spot silver has been following the gold price down but has, so far, managed to avoid falling below the 100 day moving average, closing yesterday’s session at $26.83 per ounce.  However, the most important aspect of silver trading at the moment is the conflicting signals...

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Spot Silver 1 Dec 2010

Spot silver prices mirrored the gold price ending as a wide spread up candle which finally broke out of the recent sideways consolidation and closed fractionally above the $28 per ounce level at $28.036.  As such this has now given us a clear trading signal...

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Spot Silver 29 Nov 2010

Last week was a quiet one for spot silver which continued to hold above all four moving averages until late on Friday when the industrial metal just managed to breach the 14 day average to the downside thus ending the week at $26.66 per ounce....

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Spot Silver 18 Nov 2010

Spot silver snapped back higher today reclaiming much of the lost ground of the past few days to trade back above all four moving averages once again at $26.84 at time of writing. The move higher was signalled by yesterday’s hammer candle which followed Tuesday’s...

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Spot silver – 16th November 2010

Friday’s wide spread down candle on the spot silver daily chart was triggered by the fundamental news from China that inflation was continuing to take a firm hold in the Chinese economy, raising fears of a second and subsequent interest rate rise in an attempt...

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Spot Silver 10 Nov 2010

Spot silver achieved our end of year target in spectacular fashion on a hugely volatile day which saw the spot silver price hit a high of $29.34 and a low of $26.46 before closing marginally lower at $27.32 on the day.  This volatile price action...

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