Following yesterday’s wide spread up bar, we can now be confident that Wednesday’s candle was indeed a hammer signal which has now been confirmed, with the bullish trend in spot silver prices now firmly re-established. Yesterdays candle crossed all three moving averages which are now...
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Spot Silver Prices – Daily Silver Price Chart 19th March 2009
Following gold, silver traded within a big intraday range of 1.12 dollars. Initially, technical selling was triggered as silver moved below support around $12.50 hitting a session low of $11.892 even though the Dow Jones was flat or slightly lower for much of the day....
Spot Silver Prices – March 12th 2009
Spot silver prices moved up with spot gold, breaking above the 40 day moving average, but only just, and on the day gained 22 cents to settle at $12.79/oz , with an extra boost from declines in equities and possible short covering. In a day...
Spot Silver Today – 10th March 2009
Today we move back to looking at the daily candle chart for spot silver, with yesterday’s price action producing a very similar picture to gold, with a wide spread down bar falling below through the 14 day moving average, but closing above the lows of...
Spot Silver Price Continues to Climb
Following spot gold on a flight to quality buying, spot silver also reached a new recent high at $14.610/oz after an initial dip just below $14.00 level. In percentage terms the white metal has even outperformed gold which is often the case ( as I...
Spot Silver Today – January 21st 2009
spot silver prices move sideways in daily trading
