and ldquo;The commodity has support at 51000, below which it may test 50500 even as resistance is there at 51600 level. Above that level it may test … [Read more...]
Silver price breaks out of a declining pattern and rallies 9% on Bank of Japan money printing
April 10, 2013 by
Silver market update for Wednesday, April 10th. Silver has bounced off the bottom of its trading range in the last few days, jumping nearly 9% to just … [Read more...]
Arizona lawmakers say gold should be legal tender
April 10, 2013 by
Summary: Arizona's legislature has passed a bill making gold and silver legal tender. The bill would allow people to use gold and silver for … [Read more...]
MCX Silver: Wait and watch mode as FOMC minutes loom
April 10, 2013 by
Support is seen for prices as Japan's aggressive monetary easing policy boosted bullion's appeal as a hedge against inflation. ...read more … [Read more...]
MCX Silver sideways: Support at 50800 resistance 51600
April 9, 2013 by
and ldquo;If the price of the commodity breaks the level of 51600, renewed thrust in buying is expected till 52000, and rdquo; said Amrita Mashar, … [Read more...]
Silver premiums, demand & shortages
April 9, 2013 by
Back in 2008, silver fell from more than $20 per ounce down to less than $10. This was a stomach-turning experience for those who had begun investing … [Read more...]
Silver Market Morning
April 9, 2013 by
Silver market update for Tuesday, April 9th. Settling around $27.40 at the close of trading on Monday, silver is up early in Tuesday trading. Another … [Read more...]
Silver retains appeal as bank deposit safety challenged
April 9, 2013 by
Summary: This piece from Commodity Online explores the volatility of the banking system on the heels of the crisis in Cyprus. For example, the Federal … [Read more...]
Deutsche Bank cuts back on Silver forecast 51600 crucial level for MCX Silver
April 9, 2013 by
and ldquo;Until silver prices will not break the level of 51600, it is expected to remain negative. Further bullishness can be expected only above … [Read more...]
Silver investment demand needed badly to support prices
April 8, 2013 by
There have been signs of improvement in industrial demand with semiconductor billings recovering in January globally but weakness persists in Europe … [Read more...]
The more things change the more Silver stays the same
April 8, 2013 by
The problem is that the prices of gold and silver are not going up much, nor are they going down much. As a trading vehicle, precious metal prices … [Read more...]
Silver retains appeal as bank deposit safety challenged
April 6, 2013 by
Depositors are being asked to assume all the bank failure risk, but they are receiving hardly any benefit from having their money "parked in a bank" … [Read more...]
The state of silver and other anomalous events
April 5, 2013 by
From a technical perspective, the price of silver is obviously breaking down. The market has been 'trading heavy' for a while. Furthermore, the entire … [Read more...]
MCX Silver may trade negative support 50000
April 5, 2013 by
Monetary stimulus on unprecedented scale by Bank of Japan and hopes pertaining to another round of ECB rate cut failed to stem heavy selling of the … [Read more...]
April 4: Gold and Silver End Slightly Lower
April 5, 2013 by
Silver market update for Friday, April 5th: Silver ended slightly down again Thursday to just below $27 on renewed dollar-strength and a broader … [Read more...]
Dollar Index Approaches Highest Since August Before Payroll Data
April 5, 2013 by
Summary: Ahead of payroll data, the dollar index reached a 2013 high, which led to a new 10-month low for gold. While disappointing still, … [Read more...]
MCX Silver: Support at 50000 resistance above 51500
April 4, 2013 by
and ldquo;If the price of the commodity breaks 50000 then the next expected target is near 48000, and rdquo; said Amrita Mashar, Research Analyst, … [Read more...]
MCX Silver in red zone resistance 52500
April 4, 2013 by
US ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI are likely to put more pressure on silver prices to the downside. ...read more … [Read more...]
MCX Silver likely to be bearish support at 52000
April 3, 2013 by
US Factory data may turn bearish for bullion futures this evening. ...read more … [Read more...]
Silver falls as investors shift into equities
April 2, 2013 by
Silver has hit a very key $27.50 price point, and we believe this is an indication of the bearish environment for silver. Our main resistance level is … [Read more...]
North Korea Tensions “Mean People Don’t Want to Buy Gold”, Silver “Trading More Like Base Metal than Store of Value”
April 2, 2013 by
Gold and silver market updates for Tuesday, April 2nd. Gold dipped below $1600 in trading Monday and Tuesday as equity markets in Europe rose despite … [Read more...]
Silver Futures Drop Into Bear Market Amid China Slowdown Concern
April 2, 2013 by
Silver market update for Tuesday, April 2nd. Silver officially dipped into bear market territory late Monday and early Tuesday on disappointing data … [Read more...]
QUICK FACTS: Gold ETFs, the people’s central bank
April 2, 2013 by
Summary: ETFs, short for Exchange Traded Funds, have taken the world by storm in the last decade, particularly the gold market. These investments make … [Read more...]
A.M. Kitco Metals Roundup: Gold Firmer in Quieter Dealings to Start the Trading Week
April 1, 2013 by
Gold market update for Monday April 1st: After a long holiday weekend, gold markets reopened slightly higher but with no real direction. While the … [Read more...]
BRIEF-Quicksilver Resources jumps in premarket after sale of stake in oil and gas assets
April 1, 2013 by
NEW YORK, April 1 (Reuters) - Quicksilver Resources Inc : * Jumps 22.2 percent to $2.75 in premarket after sale of a 25 percent stake in oil and gas … [Read more...]
MCX Silver may trade negative 52500 support
April 1, 2013 by
and ldquo;For intra-day, the commodity has support at 52500 while 53800 is the resistance. Trader can take sell position near 54000 with stop loss of … [Read more...]
Your bank may face a Cyprus like meltdown but not Silver
March 30, 2013 by
Overall, storing precious metals like silver to use as hard currency during surprise and lsquo;banking holidays and rsquo; and other financial … [Read more...]
Why 55000 is a crucial mark for MCX Silver
March 30, 2013 by
and ldquo;For intra-day, the commodity has support at 53500 while 54500 is the resistance and above this it may test the level of 55000, and rdquo; … [Read more...]
Storing silver for the next generation
March 29, 2013 by
Many parents looking to the future and concerned about their children’s financial security have been reframing reasons for owning silver as a long … [Read more...]
MCX Silver may trade sideways support 53500 resistance 54400
March 28, 2013 by
and ldquo;For intra-day, the commodity has good support at 53500 while 54400 is the resistance and breakout of the any of sides would give clear … [Read more...]