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 – Silver Market Chart 20th August 2009
As equity markets appear to be holding their nerve and the dollar teeters on the edge of yet more negative sentiment, silver prices are currently trying to re-base the $14 per ounce level and indeed the last four days’ candles have all been characterized with...
Spot Silver Prices – Silver Price Chart 11th August 2009
The modest rebound in the US Dollar currency continued yesterday and this appears to have been sufficient to depress silver prices down along with spot gold on a day when copper too was hit by a bout of profit taking. Overall spot price silver lost...
Spot Silver Prices – Silver Price Chart 5th August 2009
Yesterday’s wide spread up bar on the daily silver chart reinforced the bullish momentum outlined in yesterday’s market commentary for silver prices which was indicated by the gapped up opening of Monday morning. From a technical perspective the deep lower shadow of yesterday’s candle suggests...
Silver Spot Prices – Daily Silver Chart 17th July 2009
Despite managing to close marginally above the $13.00 per ounce price handle spot silver prices were restricted to a very narrow trading range as the markets try to decide whether the recent renewed optimism in equities is simply smoke and mirrors or the start of...
Spot Silver Prices – Daily Silver Chart 14th July 2009
Yesterday’s market action appeared to be one of “buy the rumour” as spot silver prices gained 17 cents to settle at $12.830 per ounce although at one point during the trading session silver did touch a low of $12.430 per ounce. Despite this minor rally...
Spot Silver Price Chart – Silver Prices 13th July 2009
As usual spot silver prices responded more aggressively to growing fears that the recent economic recovery may be no more than a false dawn as traders and investors take a reality check and switch out of riskier assets back into safe haven assets such as...
Spot Silver Prices – Silver Price Chart 9th July 2009
The continuing sell off in spot silver comes as no great surprise given the lack of any action in the equities market and a stalling of the recent commodity bull run. In addition once spot silver prices broke through the $13.00 per ounce price point...
