Category Archives: Silver Rounds

This is the largest bubble ever known in history,” warns Alasdair Macleod, precious metals expert, in a recent Commodity Culture … Continue reading →

Andy Schectman warned of stagflation, citing rising inflation and a potential market correction. In a recent interview on the Soar Financially, … Continue reading →

We’ve got a lot of perspective to unpack and questions to answer from Wednesday’s Fed press conference and the market reaction that lasted right up to the closing bell on Friday. Continue reading →

Gold prices are broadly stable as a softer-than-expected U.S. inflation reading rekindled hopes of interest-rate cuts next year.The personal consumption expenditures price index–the Federal Reserve’s preferred inflation gauge–rose 0.1% in November from the previous month and 2.4% over the past 12 months, below analysts’ expectations.Gold futures were flat at $2,644.30 a troy ounce following a drop the previous week after the Fed signaled fewer rate cuts next year, boosting the dollar and bond yields. Traders now await the last batch of economic data this week, including the consumer confidence reading due later Monday and initial jobless claims on Thursday. Continue reading →

WASHINGTON (Reuters) – U.S. consumer spending increased in November, underscoring the economy’s enduring strength, which prompted the Federal Reserve this … Continue reading →

Oliver believes in an imminent stock market crash, emphasizing the potential for a sudden and significant downturn. In a recent interview … Continue reading →

Costa shared his bullish outlook for precious metals, particularly gold and silver. He believes that the US dollar is overvalued … Continue reading →

As the dust has settled after the US election, market dynamics are shifting focus towards monetary policy decisions and ongoing geopolitical tensions.

An exceptionally successful year for precious metals is drawing to a close. The price of gold has risen impressively by 30.9% in USD terms. Silver has recorded an increase of +31.75%. When calculated in euros, the annual balance looks even better, with the gold price currently showing a gain of 37%. Leading the way is the silver price in euros, with an increase of over 37.6%. This outstanding performance once again underscores the strength of these two precious metals, which have proven to be a safe haven in a dynamic and volatile market environment.

12-year high slightly below USD 35 in October

After a bumpy start to the year around USD 23.70, silver initiated its first upward wave from late February, which initially carried prices up to USD 32.5. Following a three-month consolidation period, silver bulls then launched the next ascent starting from a low of USD 26.40 on August 8th.The momentum was sufficient for a push all the way up to USD 34.86.

Starting from this 12-year high, silver prices fell significantly in November. The pullback ended perfectly with a double bottom at USD 29.68 on November 14th and USD 29.64 on November 28th. Since then, a considerable recovery has been recorded, which has led silver prices to the downward trendline of the last seven weeks at USD 32.34 as of last Wednesday. Not surprisingly, this resistance zone forced a pullback, causing silver to take a significant hit towards the end of last week. With prices trading around USD 30.50 the double low is already within sight again.

Silver is trading around the USD 30 mark for 8 months

In the bigger picture, however, silver has been consolidating in a rather narrow range around and above USD 30 for nearly eight months, indicating a period of price equilibrium. This stability suggests the market has found a balance between supply and demand at current levels. Overall, the price is holding above the COVID-era highs around USD 30, which now serve as strong support.

Despite persistent rumors of tight lease rates and multi-year inventory deficits, silver prices have remained relatively steady. The market seems to be discounting these factors for now, as prices are looking for a stable bottom.

At the same time, it appears that gold’s pullback since end of October might be coming to an end. Only if the November lows at USD 2,535 would be taken out, a deeper correction must be expected, The gold/silver-ratio at around 87, however, doesn’t indicate any immediate shift in favor of silver either.

Silver in US-Dollar, Weekly chart Continue reading →