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Gold could be next as silver takes a plunge
Gold has not formed a bearish reversal signal yet, although silver’s sharp drop today may be a warning for what’s to come.
European Open: Silver’s rally has been strong, but a pullback could be due
Silver prices have rallied nearly 40% since the September low, yet key resistance looms around $25 and a multi-week bearish divergence is forming.
What are the most traded commodities?
The most traded commodities are energy sources like oil and gas, plus metals such as gold and agricultural products. Here we break down the top ten most traded commodities and explain how each one is traded.
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Gold and silver jump on weak US ISM, yields
Out of the two metals, silver was the most impressive as it jumped over 7%, the most since Feb 2021
Gold and silver jump on weak US ISM, yields
Out of the two metals, silver was the most impressive as it jumped over 7%, the most since Feb 2021
Silver outshines gold as dollar slips
Compared to gold, silver has managed to rise very strongly on the session, up more than 5% so far.
Gold dips despite softening signs of inflation
Perhaps a bit of basing and consolidation is needed for the metal to gear up for a clean breakout above $1800.
European Open: A silver lining for bulls?
Yesterday’s bullish price action suggests there could be further upside for silver over the near-term.
Silver: Can precious metals rebound despite Fed tightening?
We are seeing some mild dollar selling ahead of FOMC, which is boosting the appeal of precious metals, yen and franc
Precious metals start busy week firmer
Investors know that front-loading of interest rates around the world is only going to bring a potential recession – and therefore interest rate cuts – sooner.
Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
Gold eyes bounce around $1800 as stocks remain volatile
gold has been a victim of a strong US dollar and rising bond yields, making this non-interest-bearing commodity less appealing for yield seekers.
Can Silver hang on?
Silver (XAG/USD) has tumbled over 19% since April 18th.
China’s service PMI gets served, base metals lower
Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.
Asian Open: Futures point to a brighter open, commodities lower
Tentative signs that the war between Russia and Ukraine could end sooner than expected and hints of a compromise from Ukraine helped Wall Street bounce overnight.
Weekly COT Report: Traders abandon the ruble, flock to gold and silver
Traders continued to pile into long bets on gold and silver last week, whilst offshore ruble speculators seemingly ran for cover.
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1:12 AM − 22 Mar 2023
Asian Open: Ukraine crisis weighs on Europe, Silver bulls eye $26
European equity markets and the euro currency sustained heavy losses on Friday as fighting in Ukraine showed no signs of receding.
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European Open: FTSE struggles at 7600, silver tries to carve out a low
Whilst the FTSE has been one of the stronger performers during a risk-off period for equities, 7600 remains a level which defies its next breakout.
Weekly COT Report: NZD flips to net-short as bulls capitulate
Kiwi bulls appeared spooked last week as we saw gross longs closed at their second fastest rate on record.
Gold outlook 2022: Will precious metals get back on track after a lacklustre 2021?
There are sufficient tailwinds in the global economy and the possibility of further geopolitical tensions to give gold support, but not necessarily drive prices higher...
Gold and Silver running into resistance. Time for a correction?
The next direction of these precious metals may depend on the inflation readings due out next week
Asian Open: The Dollar Retains Dominance, Yet Silver Defies Its Strength
The US dollar extended gains against all its major peers. Yet that didn’t prevent silver from breaking above $25 and confirming a multi-month reversal.
Asian Open: It’s Raining Yen, Hallelujah
If weekend reports are to be believed, large stimulus packages are to be announced in Japan which include cash handouts to all children aged 18 and below, regardless of household income.