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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 – 16th November 2010

Friday’s wide spread down candle on the spot silver daily chart was triggered by the fundamental news from China that inflation was continuing to take a firm hold in the Chinese economy, raising fears of a second and subsequent interest rate rise in an attempt...

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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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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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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 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 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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