Forecasts & Analysis | Silver, Page

  • Colin First
    Colin First

    Commodities Daily Forecast – September 18, 2018

    GoldThe gold prices rallied during the Monday’s session reaching towards the $1210 level. This area has been a lot noisier in the past few session and the market is facing extreme difficulty in moving higher. The trade war fears and strengthening of the USD will continue to be a major

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 17, 2018

    GoldThe gold market lost all the positive momentum in the Friday’s session as it dropped towards the $1203 level. In the past, this area has offered a lot of support to the market and also has bounced higher from here. If it breaks down from here, largely the $1198 level,

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets go nowhere for the week

    Silver markets went back and forth during the week, forming a very neutral candle stick, with the $14 level showing signs of being a very important on longer-term charts. Ultimately, I think that the market breaking through the $14 level is a significant sell signal, which would probably be coincide

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets fall during Friday session

    Silver markets continue to be very negative looking, as we have rolled over during the day on Friday, and now it looks as if we will continue to see a lot of support at the $14 level as it is a longer-term region that has acted more than once as

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 14, 2018

    GoldThe gold market rallied significantly during the Thursday’s session reaching towards the $1215 level after US reported a weaker set of CPI numbers. From here, the market is likely to target for the $1225 level, which is a major resistance point. The market overall is expected to be volatile and

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets rally as dollar falls

    Silver markets have rallied quite nicely during the trading session on Thursday, but they are still very much in a downtrend overall, so I’m not interested in buying silver with a leveraged position. I do buy silver in physical form as you know, but I think we are starting to

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 13, 2018

    GoldThe gold market was volatile during the Wednesday’s session, initially dropping to the $1194 level and then bounced higher. The gold price is affected by the strength of the USD, which is going to continue for some more time. If the market breaks above the $1205 and $1208 level, then

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets sideways for Wednesday session

    Silver markets were relatively quiet during the session on Wednesday, which is a bit surprising considering that the US dollar had a lot of issues in general. As the word came out that James Bullard suggested that perhaps an inverted yield curve could lead to recession, the US dollar got

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 12, 2018

    GoldThe gold market has fallen significantly during the Tuesday’s session, breaking below the $1195 level but later in the day, it was showing signs of resiliency. The market is affected by somewhat bearish forex market and also strengthening of USD. If the gold prices break below the $1190 level, then

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets struggle yet again on Tuesday

    Silver markets continue to be very sensitive to the US dollar, falling rather rapidly as the emerging markets continue to struggle. With that being the case, it’s likely that we will continue to see a lot of negative pressure in this market from the short term. However, in a somewhat

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 11, 2018

    GoldThe gold prices fell initially during the Monday’s session but later bounced as it found enough support around the $1194 level. By doing this, it has formed a double bottom pattern, which is a bullish indication for the market. If the gold prices break above the $1205 and $1210 level

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets continue to trade range bound

    Silver markets rallied a bit to kick off the week on Monday, but at this point the market participants don’t seem overly enthusiastic about putting a lot of money to work. The $14.30 level has been resistance, while the $14.10 level has been support. The $14 level underneath is even

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 10, 2018

    GoldThe gold had a volatile session in the Friday’s session due to the US job numbers that came out quite strong. With dollar gaining significant strength, the gold market ahead is likely to face major issues going to higher levels. The next major support for the gold is placed at

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets continue to grind lower

    Silver markets broke down during the week again, as we continue to see a lot of bearish pressure. At this point, it is oversold, and we have seen support at the $14 level. By turning around the way we have, it looks likely to try to bounce from here, but

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets slightly positive for Friday session

    Obviously, seller was always going to be a bit noisy during the jobs number Friday, but at this point it looks as if the market is essentially hanging about the $14.25 level, knowing full well that the $14 level underneath will be psychologically important. Because of this, I think it

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 7, 2018

    GoldThe gold was extremely volatile during the Thursday’s session, initially breaking above the $1210 level but due to resistance above it gave back all the gains. The $1200 level underneath is offering a bit of support to the market and the gold market is going to struggle going higher due

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets nosedive during volatile Thursday

    Silver markets try to rally during the day on Thursday, but a bit of panic entered the market, and as silver has been the markets favorite whipping boy lately, it makes sense that it fell. Gold also got pummeled so there was that issue as well. I believe that the

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  • Blake Morrow
    Blake Morrow

    Are Precious Metals Due for a Relief Rally?

    The Macro PerspectivePrecious metals have exhibited broad weakness in the past six months, seemingly contrary to what market conditions might suggest. In the midst of trade wars and Emerging Markets worries, they should – in theory at least – have performed better. But can we identify any fundamental reasons for

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets rally on dollar weakness

    Silver markets continue to be very noisy but did get a bit of a boost during trading on Wednesday, as we have seen reports coming out that the Germans and the British may both be softening their stance a bit when it comes to the Brexit. If that’s the case,

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  • Colin First
    Colin First

    Commodities Daily Forecast – September 5, 2018

    GoldThe gold prices fell during the Tuesday’s session breaking below the $1200 level, reaching the $1195 level. The market is witnessing a lot of weakness in the wake of strengthening USD and weakness of other major currencies. The $1190 underneath is a major support region for the gold market, and

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