RSS (c) The Financial Times Ltd 2010

RSS (c) The Financial Times Ltd 2010

  • Stocks struggle to consolidate on euro fears May 17, 2012
    Sentiment boosted by Japan’s stronger than expected GDP data as concerns of a Greek exit from the euro left many benchmarks at multi-month troughs […]
  • FTSE 100 banks stay under pressure May 17, 2012
    Sentiment suffers as traders react to European Central Bank plan to exclude four unnamed Greek banks from liquidity provision operations […]
  • ECB bars access to four Greek banks May 16, 2012
    Lenders will have to rely on ‘emergency liquidity assistance’ – a temporary facility provided by the Greek central bank but subject to ECB approval […]

RSS (c) The Financial Times Ltd 2010

  • Rhodium fails to regain lustre May 17, 2012
    Metal’s prospects cast gloom over mining executives gathered for their annual bash this week […]
  • Turkey close to Azeri gas deal May 16, 2012
    EU officials had hoped a bigger pipeline, named Nabucco, would provide substantial alternative supplies to Russian gas […]
  • Shell warns on US natural gas bounce May 16, 2012
    Chief executive Voser predicts strong recovery from the 10-year lows the fuel has hit as a result of the boom in shale gas production […]

Archive for daily silver price – Page 2

Daily Silver Prices – December 11th 2008

By anna · Comments (0)
Thursday, December 11th, 2008

Silver closed higher yesterday holding above the psychological level of $10.00 and also above the short term moving averages, but did not have the strength to break above Monday’s $10.360 high as did gold. This could suggest that the white metal is influenced by the more rapid deterioration in the global industrial demand, and some traders feel that it’s too early to consider this a trend reversal.

The short term trend is sideways, medium term trend is bearish while long term trend is bullish.

Support:    $9.450 (low of 08/12/08)                              Resistance: $10.680 (high of 24/11/08)

Support:    $9.310 (low of 04/12/08)                             Resistance: $10.530 (high of 25/11/08)

Support:    $9.120 (low of 05/12/08)                              Resistance: $10.360 (high of 08/12/08)

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Daily Silver Prices – 10th December 2008

By anna · Comments (0)
Wednesday, December 10th, 2008

Silver also produced an ‘Inside Day’ candlestick, with prices breaking back below the short term moving averages, but more importantly managing to close above these indicators. Usually following gold very closely, yesterday’s trading session in silver was an exception with the white metal closing lower. A possible explanation could be silver’s role of an industrial commodity and so investors are more concerned about immediate deflation rather than longer term inflation.  The short term trend is sideways, medium term trend is bearish while long term trend is bullish.

Support:    $9.450 (low of 08/12/08)                              Resistance: $10.680(high of 24/11/08)

Support:    $9.310 (low of 04/12/08)                             Resistance: $10.530 (high of 25/11/08)

Support:    $9.120 (low of 05/12/08)                              Resistance: $10.360 (high of 08/12/08)

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Silver prices today – November 27th 2008

By anna
Thursday, November 27th, 2008

Along with gold, silver has been reacting to the rise in stock markets and the short term strength in the oil price. Similarly the silver chart is also forming into a “pennant” but unlike gold the 9 and 40 day moving averages have already crossed giving a bullish signal. With the same logic applied an upside breakout will technically point to a $1.80 move pointing to a test of the early October highs at close to $12.50. Markets are expected to be “thin” today due to the Thanksgiving holiday and profit taking ahead of the weekend could push Silver down toward the 9 and 14 day moving averages $0.50 below current levels.  The short term trend is up while the medium and long term trends are bearish.

Support:    $10.150 (yesterdays low)                              Resistance: $10.797 (high of 6th November)

Support:    $10.048 (40 day moving average)                       Resistance: $10.680 (high of 24th November)

Support:    $9.728 (14 day moving average)                        Resistance: $10.472 (yesterday’s high)

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