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...
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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...
Spot Silver Prices – Silver Price Chart 12th August 2009
Just as with gold silver prices ended their trading session completely flat as traders and investors wait on the FOMC rate decision and statement (of which the latter will carry far more importance to the markets) due out later today. Overall silver prices ended the...
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 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...
Silver Spot Prices – Daily Silver Chart 17th July 2009
Despite managing to close marginally above the $13.00 per ounce price handle spot silver prices were restricted to a very narrow trading range as the markets try to decide whether the recent renewed optimism in equities is simply smoke and mirrors or the start of...
