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Silver futures look set to move higher

Following a long period of sideways consolidation throughout the summer months, silver futures finally broke out of their trading range in mid August and now look set to develop a strong bullish trend over the next few weeks. The breakout initially occurred on the 20th August...

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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 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 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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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...

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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...

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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...

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Spot Silver Price 11 Oct 2010

Spot silver surged higher on Friday recovering all the lost ground following Thursday’s sharp reversal to close well above $23 per ounce once again and to end the week at $23.18 per ounce.  This now takes spot silver to a 30 year high, a price...

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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...

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Spot Silver 5 Oct 2010

The spot silver price surged higher today at an alarming rate, trading at time of writing at $22.88 per ounce and showing little sign of any kind of pullback.  Needless to say spot silver has been helped higher by the continuing collapse of the US...

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