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...
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 Prices – Silver Trading Chart 18th August 2009
Unlike spot gold, spot silver failed to bounce but rather ended the silver trading session with a small long legged doji which has several interesting characteristics which could suggest a minor reversal higher tomorrow. The first point of note is that the low of the...
Silver Trading – Silver Trading Chart 14th August 2009
Like gold silver trading too benefited yesterday from both a weaker Dollar and a rally in copper. In addition silver trading prices were also boosted by bullish data from France and Germany suggesting that Europe’s two largest economies may be pulling out of the current...
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 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...
Spot Silver Price Chart – Silver Prices 13th July 2009
As usual spot silver prices responded more aggressively to growing fears that the recent economic recovery may be no more than a false dawn as traders and investors take a reality check and switch out of riskier assets back into safe haven assets such as...
Spot Silver Prices – Daily Silver Chart 10th July 2009
Spot silver prices were boosted both by a small rebound in the price of gold and minor bargain hunting once silver began trading below the significant $13.00 per ounce. Overall spot silver ended the day up 2 cents to close at $12.850 per ounce. Technically...