|Day's Range||15.075 - 15.275|
|52 Week Range||15.0750 - 15.2750|
Silver markets rallied quite significantly during the trading session on Thursday, as we continue to see a lot of volatility in the world markets. However, we are still very much in a downtrend, and even with the strong move during the day on Thursday, nothing has changed.
Silver markets went back and forth during the trading session again on Wednesday, perhaps taking a bit of a break after the significant breakdown that we had seen last week. Ultimately though, this is a market that is on the precipice of possibly making a bigger move.
Gold and most metals are trading sideways ahead of the FOMC minutes; however, copper and platinum are extending losses big.
The incredible strength of the US Dollar over the past 12+ months has put downward pricing pressure on Gold and Silver. I believe this downward pricing pressure could be muting any upside price advanced in Gold and Silver by as much as 20% to 30% or more.
Silver markets have been a bit choppy over the last couple of days, showing signs of rotation around the $14.50 level. This is a market that has been sold off rather drastically over the last several months, and of course will be very sensitive to the economic situation around the world.
Gold and other precious metals are trading down amid firm dollar and risk appetite due to Trump relief on Huawei.
Silver markets fell a bit during the trading session on Monday but turned around to show signs of support. The $14.40 level of course is crucial, but only from a short-term timeframe. I think that a bounce from here is probably going to offer a nice selling opportunity on signs of exhaustion, especially just above.
Gold, silver, and platinum are trading down on the day despite the risk aversion environment in the market. Dollar strength is the reason.
Silver markets fell rather hard during the week after initially trying to rally, as the $14.85 level has kept the buyers at bay. With this, it looks very likely that by slicing through the bottom of the potential falling wedge, this market is going lower.
Silver markets broke down rather significantly during the day on Friday, clearing the $14.50 level. This is a major turn of events, and a continuation of what we have seen for quite some while, but at this point we are accelerating the negativity.
Gold and other metals are posting losses on Friday but the move is contained by trade war events. Palladium is collapsing to 2-month lows.
Silver markets initially tried to rally during the trading session on Thursday but then broke down significantly. That being the case, the market has shown an extreme amount of negativity during the day, and now we have to look at a couple of technical levels.
Gold and silver are trading weak as the metals couldn’t take profit from the risk aversion environment. Dollar index up for the fourth day.
Silver markets rallied a bit during the trading session on Wednesday, reaching towards the $14.85 level, an area that has been a bit resistive. At this point, it looks as if we are still trying to figure out which direction to go, and as a result this is a market that you are going to need to be very patient with.
Gold is trading positive on Wednesday amid risk aversion. Silver and other metals are mixed. The market is waiting for trade war clarifications.
Silver markets initially rallied during the trading session on Tuesday but turned around and form a bit of a shooting star. The downtrend line from the falling wedge continues to hold, as the markets go back and forth trying to find directionality.
Silver markets sold off rather drastically during the trading session on Monday, and a bit of a panic bid as China has increased tariffs on the United States, which will go into effect in June.