| Gold Tumbles As U.S Dollar Strengthens Posted: 23 Apr 2012 09:14 AM PDT 
The price of gold has weakened to a two-week low after a boost in the U.S dollar had made the metal less appealing as an alternative investment during Monday’s trading. Silver experienced even greater losses than that of gold after falling to a three-month low. The greenback made gains of 0.5 percent versus a number of its currency counterparts due to concerns over the French presidential elections. There is fresh concern that the result of the presidential elections in France will interfere with efforts to aid the nation’s debt crisis. Gold prices for June Contract dropped 0.8 percent to $1,629.60 an ounce during the early New York session. Prior to hitting that level, the yellow metal fell to $1,623.60, the lowest level since April 5. Before today’s drop in gold prices, the metal has fallen 1.7 percent for the month of April so far. Elsewhere, Silver prices sharply dipped to trade below the $30.74 level, after previously declining to $30.63, the lowest silver price since January 20.  |
| Silver Hits $34.40 Level Posted: 28 Feb 2011 11:49 PM PST 
Silver prices rose significantly in the past month and peaked at $34.40 an ounce. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on silver now, and at a great entry price! • Below is the 4-hour chart for silver by ForexYard. • The technical indicators used are the Slow Stochastic, RSI and Williams Percent Range. • Point 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction. • Point 2: The Williams Percent Ranges is showing that this pair is heavily over-bought and may be experiencing strong downward pressure. • Point 3: The RSI signals that the price of this pair currently floats in the over-bought territory, suggesting downward pressure. 
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| Why Silver’s Rising Price will Outpace Gold’s Posted: 21 Feb 2011 03:30 AM PST 
No doubt every trader in the market at this week's start noticed the sudden surge in commodity prices. Precious metals like Gold and Silver in particular have gained an exorbitant amount over the past month. But are their price movements on par with one another? Looking at the fundamental side, the tensions spreading across the Middle East and North Africa have indeed carried a high impact on commodity prices; Gold and Crude Oil especially. Oil's price rise appears in line with the safe-haven Gold, but fundamental factors affecting the speculation of oil supply disruptions are more likely behind Crude's latest price moves and may be more sharply affected by developments in the region. Gold and Silver, on the other hand, are affected not only by risk flight, but also technical speculation, as well as industrial demand, in the case of Silver. The difference between these latter two is particularly interesting for traders. Whereas Gold has a large market of buyers and sellers, the Silver market is relatively thin, leading to higher volatility in silver trading. Gold's rising price was fueled by a large market of technical buyers who have been purchasing on dips following the break past $1340 per troy ounce. Silver, however, has breached its 30-year high price level, meaning there is little technical data a trader can base his/her trades on from reviewing the charts. The lack of historical resistance lines above where Silver currently trades, as well as the thin market of Silver traders, means Silver prices possesses an above-average tendency to become overextended. Silver is also tied with electrical component industries as well as solar panel producers, which have seen rising profits over the past few years on recent hi-tech surges and energy diversification, respectively. Gold prices are approaching the strong historical resistance level of $1420 an ounce, but Silver has no such historical line in sight. Analysts are using this information to anticipate a bullish run in Silver prices over the next week or two, whereas Gold may find resistance relatively soon and dip back down towards the $1340 price level.  |
| Sell Signals on Silver Posted: 29 Dec 2010 03:19 AM PST
Silver’s sustained upward movement has finally pushed its price into the over-bought territory on the 4-hour chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave. 
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| Silver Trading Update Posted: 25 Nov 2010 11:38 PM PST
Typical of a sustained movement, similar to what silver prices have been experiencing, there eventually arrives a decision point. Concerning the price of silver, that point may have arrived. We've seen silver prices climbing steadily these past few weeks as concerns over the Euro-Zone's sovereign debt crisis and Ireland default have pushed many investors out of currency safe-havens and into commodities such as silver. What we see now in the charts is silver prices hitting a potential breaking point. The $29.30 price level appears to represent a strong resistance line for silver prices. It is only natural then that our technical indicators, displayed below, are showing an impending downward correction. But is the price of silver really ready to halt its upward mobility? • The chart below is the silver weekly chart by ForexYard. • The indicators used are the MACD, Stochastic (slow), and the Fibonacci Retracement lines were also drawn. • Point 1: Here we see that the price has reached a significant resistance point, represented by the 100% Fibonacci Retracement line. • Point 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure. • Point 3: There is an impending bearish cross on the MACD which highlight a downward movement is going to occur in the near future. Silver Weekly Chart  |
| Silver Hits $27.55 an Ounce Posted: 25 Nov 2010 10:54 AM PST
Silver was little changed on Thursday, lacking strong impetus due to the U.S. Thanksgiving holiday but backed up by some safe-haven buying amid Europe’s debt crisis and heightened tensions between North and South Korea. However, there is much technical data that supports a bearish move for today as described below. • The technical indicators used are the Slow Stochastic and MACD. • Point 1: The Slow Stochastic shows a fresh bearish cross which may indicate an impending bearish movement. • Point 2: There are multiple bearish crosses on the Stochastic (slow) which highlight an impending downward correction. • The volatile upward movement which occurred prior to this downward correction has generated these indicators, and there appears to be room for this correction to continue. Silver Daily Chart
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| Silver Rises Above $19 an Ounce Posted: 12 May 2010 11:34 PM PDT
Silver prices rose significantly in the last week and peaked at $19.50 an ounce. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on silver now, and at a great entry price! • Below is the 8-hour chart for silver by ForexYard. • The technical indicators used are the Slow Stochastic, RSI and Williams Percent Range. • Point 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction. • Point 2: The RSI signals that the price of this pair currently floats in the over-bought territory, suggesting downward pressure. • Point 3: The Williams Percent Ranges is showing that this pair is heavily over-bought and may be experiencing strong downward pressure. Silver 8-Hour Chart
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| Silver Recovers to $15.20 an Ounce Posted: 09 Feb 2010 07:22 AM PST
Silver prices steadied above $15.20 on Tuesday, but sentiment continued to be hurt by worries over fiscal stability in Europe, curbing appetite for riskier assets such as commodities. Silver recovery from three-month lows hit last week has been limited due to technical selling and fund liquidation amid an uncertain economic outlook. Traders should take advantage of this unique opportunity and use the volatile market in order to capitalize profits. Pivot: 15.00
Our Preference: LONG positions @ 15.15 with 15.5 & 16 as next targets.
Alternative scenario: The downside penetration of 15 will call for a slide towards 14.5 & 14.
Comment: the price is escaping from its descending channel.
Trend: ST Ltd upside; MT Bearish
Key levels Comment
16.4**
16***
15.5**
15.24 Last
15**
14.5**
14** 
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| Silver Trades Around $17 Posted: 25 Jan 2010 11:42 PM PST
In last week's trading, the silver experienced much bearishness. However, as I will illustrate below the 8-hour chart's oscillators support a bullish reversal for today. Traders should take advantage of this unique opportunity and use the volatile market in order to capitalize profits. • Below is the 8-hour Silver chart by ForexYard. • The technical indicators that are used are the Relative Strength Index (RSI), Williams Percent Range and MACD. • Point 1: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure. • Point 2: The Williams Percent Ranges is showing that this pair is heavily over-sold and may be experiencing strong upward pressure. • Point 3: The MACD indicates an impending bullish cross, which may signal an upward movement is going to occur in the near future. Silver 8- Hour chart
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| Impending Bearishness for Silver Posted: 11 Jan 2010 07:26 AM PST
Last week’s bullish movement in Silver has pushed a number of technical indicators into the over-bought territory. As I will demonstrate below, the price of Silver may very well be heading for a reversal. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal. Don't forget your Stops and Limits! • Point 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction. • Point 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure. • Point 3: The Williams Percent Range has peaked near at the 0 marker, which means that there may actually be a strong level of downward pressure. Silver Daily Chart
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| Silver Reversal in the Works Posted: 12 Oct 2009 04:51 AM PDT
Silver prices gained sharply in last week’s trading session and touched a record high of $17.94 per ounce, as a weaker dollar provided support to the upside. However, as I demonstrate below, that the silver may very well be heading for a reversal, and it might have the potential of reaching towards $17.40 in the coming days. Forex traders can take advantage of this imminent downward movement by entering short positions at an excellent entry price. • The technical indicators used are the Slow Stochastic, Relative Strength Index (RSI) and MACD. • Point 1: The Slow Stochastic indicates a fresh bearish cross, which may signal a downward movement is going to occur in the near future. • Point 2: The price currently floats in the over-bought territory, highlighting downward pressure. • Point 3: A bearish cross, and the potential for a second bearish cross in the near future, may indicate an immediate correction in the nearest time-frame. Silver Daily Chart
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