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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...

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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 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 – 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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Spot Silver 9 Nov 2010

Let’s start with an interesting fact, in the last three days spot silver has gained more than it achieved in an entire 5 year period from 1999 to the end of 2004, a scary fact and one which we we would do well to ponder....

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