Tag "silver prices"

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…

Gold and Precious Metals Sector At Important Juncture!

Investors are right to be a little concerned when looking across the metals sector of late. Gold (NYSEARCA:GLD), Gold Miners (NYSEARCA:GDX), and Steel… there all in a short-term decline and approaching critical price support levels. Most of these are trend lines so bulls want them to hold. In the the…

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 Price Action Forms Bullish Wick Off Weekly Lows

Precious metals like Silver and Gold endured another week to the downside. The beginning of summer hasn’t been kind to precious metals, seeing Silver and Gold fall uniformly despite weakness in the U.S. Dollar. That said, Silver may have produced a reason for hope late last week… Looking at the…

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…

Gold To Silver Ratio At Critical Juncture Historically

One chart that provides a good indicator for precious metals followers is the Gold to Silver ratio. Below is a chart looking at the ratio over the past 3 decades.  It uses the ratio of Gold prices via GLD (NYSEARCA:GLD) and Silver prices via SLV (NYSEARCA:SLV). Note that when the…

Charting Silver’s (SLV) Turbulent Price Action In October

Of the many financial assets that put in lows of some magnitude in early 2016, silver has been among the biggest gainers. From its January low to the early August peak, the iShares Silver Trust (NYSEARCA:SLV) rose precisely 50%. But since then, it’s been a rocky road. Especially during the…

Gold & Silver Mining Index (XAU) Falls Out Of Bearish Pattern

It’s been a heck of a year for precious metals. Through 3 quarters this year, Gold (NYSEARCA:GLD), Silver (NYSEARCA:SLV), and the miners (INDEXNASDAQ:XAU) were big time out-performers. HOWEVER, those good vibes have been lost on investors during the first few days of trading in October. In short, the precious metals sector has…

Gold And Silver Update: Are Bulls On The Verge?

One of the themes of 2016 has been the revival of Gold prices (NYSEARCA:GLD). After reaching new multi-year lows in late 2015, Gold has regained some luster with a strong multi-month rally in 2016. But it isn’t fully out of the bear market woods just yet. Both Gold and Silver prices…