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Have Silver Prices Reached a Bottom? ETFs in Focus

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Higher Silver Price in 2016 Supported by These Numbers

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Peter Krauth

There are encouraging signs for the silver price in 2016

Positive silver price action coupled with supportive news on the fundamental side are pointing to a possible end to the silver bear. Still, we’ll need to see some key technical price targets met before we can declare an outright return to a full-fledged silver bull.

To figure out what might lie ahead, let’s look at recent action and market news for silver prices

Silver Price Retesting Lows Before 2016

As of Friday, silver had pretty much kept pace with gold for the week, except for some additional volatility.

Here’s how last week’s five trading days looked:

silver price

You can see that on Tuesday, Nov. 17, and Wednesday, Nov. 18, the silver price held up better than gold and bounced more as minutes from the Fed’s October meeting were released.

That followed through on Thursday with a gap higher, but then fizzled toward the end of the day.

Then into Friday, the weakness continued, with both metals down.

So by the end of the last trading week, the silver price was actually down about 1%. Not a big deal, but also not in the right direction.


As you can see from the above silver price chart, the metal is close to testing its August lows. With silver

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Silver Prices: Signs Suggest Silver Prices Could Skyrocket

Silver Prices Could SkyrocketHere’s Why I’m Still Bullish on Silver Prices

Silver prices are trading at levels last seen in late 2009, but that doesn’t mean investors should completely ignore the gray precious metal. Keep this in mind: the lower silver prices go, the better the opportunity.

Before going into details, please look at the chart below of daily silver prices since 2008, paying close attention to the horizontal lines. These represent possible support levels if silver prices were to go down even further from where they currently sit.

Silver Chart

Chart courtesy of

For the precious metal to hit its lowest level since 2009, which is around $8.50 an ounce, silver prices will have to break below three key supports. They will also have to break below a major psychological level of $10.00.

Mind you, technical and chart patterns can only tell so much; you have to pay attention to the fundamentals, as well.

As it stands, the fundamentals suggest silver prices could soar big-time. We see that demand remains solid, but misery in the supply side is growing. Remember: if the supply declines and demand remains the same, silver prices will shoot through the roof.

Take the Canadian silver mine output, for example. In the first eight months of 2015, the silver mine output from Canada amounted to 255,176 kilograms. In the same period a year ago, Canadian silver mines produced 332,714 kilograms of the

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Gold and Silver Market Morning: Nov-23-2015

– Posted Monday, 23 November 2015 | | Disqus

Gold Today New York closed at $1,077.20 after closing against the dollar as low as $1,069.50 last Thursday.  In Asia prices were marked down to $1,170 as the dollar continued to rise against everything. The LBMA price setting fixed it at $1,068.35 down from $1,070.50 from Thursday. The dollar Index is at 99.82 up from 99.62 on Thursday. The dollar is at $1.0625 up from $1.0656 against the euro.  In the euro the fixing was 1,005.008 up from 2.81 down from 1,003.81 on Thursday.  At New Yorks opening gold was trading in the dollar at $1,069.35 and in the euro at 1,006.02. 


Silver Today The silver price closed at $14.15 down 6 cents since last Thursday. At New Yorks opening, silver was trading at $13.93.


Gold (very short-term)

The gold price will look for direction today, in New York.    


Silver (very short-term)

The silver price will look direction today, in New York.


Price Drivers

We have been away from the desk since a week last Friday. The moves in the gold price since then are not due to physical sales, but to moves in the U.S. dollar. Look at the gold price in all other currencies and it is doing fairly well, because all other currencies, like gold, are falling against the dollar. So the

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Silver Prices to Soar on China’s Economic “Slowdown”

Silver Prices to SoarThis Could Send Silver Prices Skyrocketing

Silver prices are getting hammered, down for the last 13 sessions, which is the precious metal’s longest losing streak since 1950. Currently trading near $14.15 an ounce, silver prices are down 10% year-to-date and 72% off their high near $50.00, which was hit in April of 2011. The precious metal is taking a beating from the likelihood of a rate hike in 2016 and diminished industrial demand, as China’s economic growth slows. Unfortunately, these narrow-minded views actually underscore why silver prices will soar in 2016.

Is Silver Really Used as an Economic Hedge?

Much has been made of the fact that silver is used to hedge against economic uncertainty. Some people do buy silver to bolster their retirement portfolio, but most people I know don’t hoard silver to barter for goods during Armageddon. Instead, they buy silver like they do stocks: they buy when an excellent opportunity presents itself and they see prices rising in the future. Right now, silver is showing an excellent opportunity.

As mentioned, silver is trading near $14.15 per ounce, which is its lowest range since August 2009. The precious metal’s next support level is near $12.50 an ounce. Granted, the downside potential is not heartwarming and who knows when silver will truly bottom, but silver prices appear to have found short-term support following a pullback in the U.S. dollar and global fears following the terrorist attacks in Paris.

While silver prices are down for

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Silver Price Is Targeting Its Yearly Low

Yesterday, the silver price took out last week’s low and triggered a sell signal in line with our outlook. This marked the resumption of the bearish trend and I would expect price to reach its yearly low of $13.95 as long as we trade below the November 12 high of $14.48.

The main driver of this decline is higher U.S. yields and a stronger Dollar, with the specific trigger behind the latest slide being an unexpected rise in U.S. headline inflation. Inflation rose by 0.2 percent year-on-year vs. an expected outcome of 0.1 percent (Bloomberg News survey). Traders not short will most likely sell on a bounce to the $14.24 to $14.33 range, with stops above $14.48.

I would also expect an acceleration of the bearish trend on a break of yesterday’s low of $14.09.

Gold price is slipping below its yearly low in yesterday’s trading session helps to strengthen our bearish case. The current fair value price for silver is at $14.01 according to the current gold price. Also adding to our bearish summary is the EURUSD sliding to new lows as the Fed looks to hike and the ECB looks to cut rates.


The biggest risk to a

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How a global solar drive can boost silver prices

Silver prices are likely to gain in the next five years as demand for solar panels grows on a concerted drive by governments to reduce global carbon dioxide emissions, an analyst said.

Silver, a key component of solar cells as it is the best metallic conductor of heat and electricity, has seen a slump in prices to a three-month low this week in line with a broad-based decline in gold prices.

At about $14 an ounce currently, prices are 10 percent lower year-to-date.

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Gold price near six-year low – and outlook remains weak

The gold price dropped even further yesterday, tumbling to a near six-year low of $1,064 an ounce in Asian trading overnight, as a shift back into risk assets following the Paris attacks continued the yellow metal’s downward slide.

US inflation data, which showed consumer prices returning to growth and rising by 0.2 per cent in the year to October, is another factor in gold’s latest slump. The official figures were above analyst expectations, adding further weight to the argument that the Federal Reserve may decide to raise interest rates at its final meeting next month.

A rates rise is likely to hurt non-yielding commodities such as gold and to boost the dollar against which the metal is typically negatively correlated.

Gold was trading slightly higher this morning at $1,072 an ounce, although this figure is still below the five-year low it reached last Thursday. Minutes of the last Federal Reserve meeting due this afternoon may offer more clues on the near-term trend, but any repeat of the more hawkish tone detected in the Fed’s October decision to leave rates unchanged will put further pressure on the price of gold.

Traders, meanwhile, see little chance of anything in the minutes, or elsewhere, providing support for a significant upward movement. In fact, a poll of investment bankers by the Wall Street Journal suggested the eventual increase in interest rates – whether it comes in December or next year – would hold gold at a lower price throughout next year.

Gold has averaged $1,156 so

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Silver Prices: Chart Shows Silver Prices Could Soar 252%

silver pricesSilver $50.00? Not as Crazy as You Might Think

Silver prices are presenting an opportunity of a lifetime. Investors shouldn’t overlook the precious metal whatsoever; the market fundamentals suggest silver prices are way too undervalued.

Each day, there’s more evidence suggesting demand for silver is strong and growing. This is the complete opposite of what the mainstream has been telling us since the decline in silver prices began in 2013.

Physical Bullion Shortage Could Send Silver Prices Soaring

Consider the coin sales at the U.S. Mint, for example. So far this year, until November 15, the Mint has sold 42.02 million ounces of silver in American Eagle coins. (Source: “Bullion Sales/Mintage Figures,” U.S. Mint, last accessed November 16, 2015.) This year, silver sales at the U.S. Mint are on pace to hit an all-time high, even with the U.S. Mint having halted silver sales for some time in mid-2015.

Looking at this, one must really question if silver prices really matter to investors. If the prices did matter, we would see sales slow down significantly, as it was expected my many.

If you look closely at the silver market, it looks as if we are truly running out of silver. I am closely looking at the premiums on coins at certain dealers. If you were to buy one American Eagle silver coin, you are now paying more premium than you did any time since 2009.

Demand and examples of shortages aren’t the only things that suggest

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World leaders are endorsing the end of ‘Too-Big-to-Fail’ banking…

From Bloomberg:

World leaders are set to endorse plans by regulators to end the era of too-big-to-fail banks, forcing them to raise as much as $1.2 trillion, and backed proposals to wrap up sweeping reforms of rules for the global banking system.

The Financial Stability Board, created by the Group of 20 nations after the 2008 credit crunch, last week put forward a plan on how the world’s biggest banks can collapse without taxpayer bailouts. The proposals, which force bond investors to take losses if banks fail, are due to come into effect in two steps starting in 2019. G-20 leaders signed off on them, according to a draft communique from the summit in Antalya, Turkey.

The rules for “total loss absorbing capacity” complete the reconfiguration at banks designed to fix the failures and fill in the holes exposed by the crisis. It comes on top of measures that have forced banks to hold many times the amount of equity they had in the run-up to 2008. The FSB has also ordered lenders to issue bonds that can stop paying coupons and can be written off or converted into shares to preserve capital.

The Basel Committee on Banking Supervision, which sets international standards for banking regulation, said on Friday that its post-crisis reforms are set to be completed next year with new rules for trading books and for ways to calculate the riskiness of assets.

In parallel, laws have changed in the main jurisdictions to

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