|Day's Range||15.075 - 15.275|
|52 Week Range||15.0750 - 15.2750|
Silver has stormed out of the gates on Monday, and has tested the tough $18.00 level. Can silver consolidate and continue to move higher? If so, the psychologically significant $20.00 could be vulnerable.
Silver markets rally during the week but pulled back a bit as well. Ultimately, this is a market that is sitting on top of a major trend line though, so it should make for an interesting trade set up.
Silver markets went back and forth during the trading session on Friday as traders continue to hang on to a trend line that has been so crucial for so long. Because of this, it’s likely that silver could get a bit of a boost going forward.
SIlver has moved higher and is within striking distance of the 18..00 level. Will it make a final attempt to break through before the end of the trading week?
Just as we predicted, precious metals are setting up another extended momentum base/bottom that appears to be aligning with our prediction of an early October 2019 new upside price leg.
Silver has posted gains on Thursday, but remains shy of the $18 level. The Federal Reserve lowered rates on Wednesday, but was more hawkish than expected in its assessment of the U.S. economy.
Both gold and silver moved higher yesterday but it were the miners that spiked. Looking at the last few sessions, have these moves changed anything? The FOMC releases its decision today, the markets are hesitating to move and it’s nothing surprising.
The Silver markets did very little heading into the Federal Reserve announcement on Wednesday, as we continue to dance around the $18.00 level. This makes sense as it is a large, round, psychologically significant number, but one thing that you should pay attention to its the trend.
Silver prices remain steady, tantalizingly close to the $18 level. With analysts split on whether the Fed will lower rates at today’s policy meeting, we could see some volatility in the North American session.
Investing.com - Gold prices were hovering near the $1,500 level on Wednesday as investors awaited the outcome of the Federal Reserve meeting later in the day, where the central bank is expected to deliver a rate cut.
The Silver markets are hanging about the $18 level, as we await the Federal Reserve interest rate decision and of course the following statement. With that in mind, we could get a lot of movement out of the silver market once that comes out at 2:30 PM New York time on Wednesday.
Silver markets have gapped higher to kick off the week, breaking above the $17.50 level. At this point, the market is ready to continue going higher, based upon the fear that comes into play based upon the drone attacks in Saudi Arabia.
Investing.com -- Gold prices stabilized around $1,510 an ounce on Monday after the attacks on Saudi Arabian oil installations at the weekend triggered a flight to safety in global financial markets that benefited almost all haven assets.
The Silver markets initially tried to rally during the week but then found a lot of resistance at the $18.50 level. We rolled right back over and formed a very bearish looking candle for the week.
The Silver markets fell during the trading session on Friday to test a significant uptrend line, and at this point is going to be very interesting to see if we can hang on. That being said, we are obviously rotating quite a bit.
Investing.com -- Gold edged above $1,500 an ounce again on Friday, as the reality of ever-more negative interest rates in Europe outweighed the general return of risk appetite in stock and commodity markets.
Silver markets went back and forth during the trading session as the ECB had an interest rate decision, signaling further quantitative easing. That of course is good for precious metals longer term, but the reaction of silver suggests that traders didn’t get enough.
Silver markets went back and forth during the trading session on Wednesday as we hang about the $18.15 level. All things being equal I believe that the market is probably waiting on the European Central Bank meeting on Monday, to see how much more quantitative easing we are about to get.
Silver continues to show limited movement. The metal has been acting as a safe-haven role. This means that we could see stronger movement from silver after the release fo U.S. inflation and retail sales data.
The recent movement in the precious metals markets, an incredible 33% upside price move since August 2018, has reflected an increased level of fear and greed throughout the global markets. Particularly, throughout the foreign markets.
Silver markets have fallen a bit during the early part of the trading session on Tuesday to test the major trendline that I have drawn on the chart. With that being the case, we could be ready to bounce again.