December silver futures closed the week higher once again, ending the week at $34.65 per ounce, and trading in a narrow range following Thursday’s sharp gains, which saw silver gain almost $1.50 per ounce on the day, as the Federal Reserve finally fired the starting...
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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....
Spot Silver 8 Nov 2010
The spot silver price surged higher on Friday once again ending as a wide spread up candle which further extended the positive picture following Thursday’s strong move for the commodity. Indeed Thursday saw a key move as it triggered a break out from the recent...
Silver Market Analysis
The daily chart for spot silver mirrors that of gold with yesterday’s deep test of the 9 and 14 day moving averages giving us a strong signal of bullish intent which has been duly delivered in today’s silver trading with the metal surging above $26...
Spot Silver 1 Nov 2010
Friday’s strongly bullish wide spread up bar on the silver chart confirmed our analysis of last week that any breakout for spot silver prices would be to the upside although Friday’s close did just fail to break the $25 per ounce level. However, this was...
Silver Spot 25 Oct 2010
Spot silver, like many other commodities last week, saw a re-tracement from the recent bullish trend pulling back to close below the 9 and 14 day moving averages and ending the week at $23.15 per ounce as a small hammer candle. As such this hinted...
Spot Silver 20 Oct 2010
Spot silver followed gold and many other commodities such as copper yesterday, sharply lower ending as a wide spread down candle on the daily chart as the markets reacted to the surprise news from China of an interest rate rise of 0.25%. The reason for...
Spot Silver 18 Oct 2010
Spot silver just failed to breach the $25 per ounce last week, ending the silver trading session on Friday at $24.26 per ounce, short of the $24.88 high of Thursday and giving us a narrow spread down candle as a result. Spot silver prices have...
Spot Silver 13 Oct 2010
Spot silver followed gold higher reaching an intra day of $23.95 per ounce before pulling back to trade at time of writing at $23.89 per ounce as spot silver continues to respond to yesterday’s release of the FOMC minutes. At the moment the markets are...
Spot Silver 7 Oct 2010
Spot silver climbed higher once again yesterday building on Tuesday’s strong gains for the metal and ended the silver trading session as a modest up candle which did manage to breach the $23 per ounce price handle, reaching an intra day high of $23.113 per...
