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...
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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...
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...
Spot Silver Price Chart – Silver Prices 8th July 2009
As with spot gold prices spot silver too finished lower in reaction to a slightly firmer US Dollar whose fortunes found some favour given that its fate is not on the agenda at this week’s G8 summit. Overall silver prices lost 22 cents, overtaking gold...
Silver Spot Price – Daily Silver Chart 2nd July 2009
Spot silver prices too ended the day largely higher on the back of a weaker US Dollar and comments from China about the need to discuss the issue of a new global currency at next week’s G8 summit in Italy. However, the rise in silver...
Spot Silver Prices – Silver Price Chart 1st July 2009
As with spot gold prices silver prices too suffered as a consequence of Dollar strength, triggered by a dramatic fall in the price of crude oil, combining with both month end and quarter end liquidations and position squaring – a heady brew indeed. As a...
Silver Spot Prices – Daily Silver Chart 30th June 2009
Like gold, spot silver prices moved along with the US Dollar but slipped more than gold as a result of technical factors as sell stops where triggered once spot silver prices touched the $14.00 per ounce price point and despite bouncing back from its intraday...
