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Spot Silver 1 Dec 2010

Spot silver prices mirrored the gold price ending as a wide spread up candle which finally broke out of the recent sideways consolidation and closed fractionally above the $28 per ounce level at $28.036.  As such this has now given us a clear trading signal...

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Spot Silver 29 Nov 2010

Last week was a quiet one for spot silver which continued to hold above all four moving averages until late on Friday when the industrial metal just managed to breach the 14 day average to the downside thus ending the week at $26.66 per ounce....

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Spot Silver 18 Nov 2010

Spot silver snapped back higher today reclaiming much of the lost ground of the past few days to trade back above all four moving averages once again at $26.84 at time of writing. The move higher was signalled by yesterday’s hammer candle which followed Tuesday’s...

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Spot Silver 10 Nov 2010

Spot silver achieved our end of year target in spectacular fashion on a hugely volatile day which saw the spot silver price hit a high of $29.34 and a low of $26.46 before closing marginally lower at $27.32 on the day.  This volatile price action...

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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....

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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...

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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...

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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...

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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...

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