Tag "silver futures"

Will Ailing Miners Lead Silver Prices Lower?

At the end of August, I wrote pointed out that Silver futures prices were not keeping pace with Gold.  I posited that the “gold breakout” that precious metal bulls were losing their heads about might not be ready for primetime. You can read that post here.  I was a week and…

Is Silver Price Confirming Gold Sentiment?

Earlier this week market participants were exposed to some after hour fireworks – North Korea had launched a missile over Japan. As expected, gold prices caught a bid and stock index futures pulled back. The following day there was sentiment among many social media participants that “the Gold bull market…

Silver Futures: Smart Money Betting On Another Leg Lower

Commercial hedgers have never had a larger net short position in silver futures. We talk about investor sentiment fairly often in these pages. Of course, sentiment analysis is well known for its “contrarian” nature, i.e., that “fading” the crowd often ends up being the correct move. What folks often get…

Is Silver On The Cusp Of A New Bull Market?

Silver Starting To Shine Again Probably a lot of people look at the longer term chart of silver and the first thing they see is the massive bull market that peaked in 2011, rising over 400% off the 2008 bottom and almost 10x off the early 2000’s bottom.  It’s tempting…

Silver Rally Breaks Out Of Bullish Wedge Pattern

A multi-year downtrend had silver bulls singing the blues. But Silver Futures prices rallied hard in 2016. The rally in Silver (NYSEARCA:SLV) was so fierce that it triggered a silver breakout above the resistance line of a long-term bullish wedge pattern. In short, when it comes to bullish falling wedges, you…

“Smart Money” Gets Bearish Silver Futures In Size!

Commercial Hedgers just hit their most extreme net short position ever in silver futures. Just 5 weeks ago, on March 28, we noted that the so-called “smart money” commercial hedgers had reached their largest net short position in silver futures in more than a decade (i.e. bearish silver futures). Well, for…