Want to Know Where August Silver Prices Are Headed? Watch the Speculators
Silver prices have been sensitive to activities in the futures markets, with prices moving almost perfectly opposite to the amount of short contracts speculators hold.
This week, the U.S. Commodity Futures Trading Commission released data that shows that silver contracts are mounting coming off weekly lows.
Here’s what that will do to August silver prices, and when to expect bigger advances.
Silver Price Forecast: Metal to Gain Ground in August on These Factors
Silver's 3% drop in July was to be expected, given it was coming off an unsustainable and unprecedented June rally.
But now that the traders have taken their profits and the white metal is moving into a month that has in recent history produced impressive gains for silver, we could be on the cusp of a bull run to $24.
Here’s our new silver price forecast...
Silver Prices Post Slight Gains in Slow Week
Silver prices have had a slow week, but popped today after news broke on this event.
Here’s what happened, and what’s driving silver long term.
Here's Why the Price of Silver Is Up for Its Sixth Week in a Row
The price of silver is up for the sixth week in a row, refusing to languish in the summer doldrums, which have historically kept the white metal from sustaining rallies into July and August.
Here’s why the trend is reversing this year…
Silver Price Today Cushioned by Solid Demand
The silver price today moved solidly higher in morning trading following some positive economic data out of China.
July Comex silver traded up $0.392, or 1.26%, at $19.73, after the preliminary HSBC China manufacturing purchasing managers index (PMI) for May came in at 49.7. That was up from 48.1 in April, and was the best reading in five months.
Here’s what’s next for the price of silver…
With the Silver Price Low, Demand for Physical Silver Sets a Record
It's like Money Morning Global Resources Specialist Peter Krauth has been saying: A low silver price doesn't scare away investors; it draws them in.
As silver prices slumped 36% in 2013, retail investors took advantage of the dips and sent physical silver demand up 13% to an all-time high, according to World Silver Survey 2014.
Here's what else is moving demand for physical silver today...
Spike for Silver Prices Ahead? This Options Activity Suggests So
After rising as much as 16% earlier this year, silver prices are now nearly unchanged year-to-date. They're up just 0.2%, while gold has gained 7.2%.
The silver price isn't the only number that's lagging...
Silver's option activity sits near a decade low. That's highly unusual - and won't last.
In fact, the low activity suggests some big changes ahead for the white metal…
Silver Price to Keep Rising on Safe-Haven Demand
The silver price was modestly higher Friday amid mounting geopolitical tensions that have stoked bullish options activity.
In early afternoon trading, spot silver was last up $0.03, or 0.15%, at 19.78 an ounce. The metal traded as low as $19.57 and as high as $19.92 in another volatile session.
The white metal went on a rollercoaster ride Thursday, but here's why silver's in the bulls' corner moving forward...
Silver Prices Move Higher Amid Stock Market Sell-Off, Dovish Fed
Silver prices spiked some 2%, or $0.51, to $20.49 an ounce intraday Thursday before closing the session up $0.37 to $20.14 an ounce.
The gains came as the U.S. stock markets sold off sharply. Stocks sank even after the Labor Department reported U.S. weekly jobless claims dropped to a seven-year low, a sign of ongoing recovery in the labor market and the economy.
But what we care about is the big picture.
Here's what's ahead for silver...
Silver Prices Slip in 2014's Q1 but Consumer Demand Still Solid
Spot silver prices rose $0.07, or 0.4%, to $19.86 an ounce midday Monday as precious metal traders and investors gear up for a busy week ahead.
Market participants remain guarded, with a spate of U.S. economic data flooding in as the week wears on. Capping the busy week will be Friday's closely watched March jobs report.
Meanwhile, Monday caps the end of 2014's first quarter.
So let's take a look at silver...
Investing in Silver: Singapore Supplier Opens Vault on Soaring Demand
Amid frenzied demand to buy and store silver, a Singapore retail supplier of coins and bars opened a new 600-metric-ton vault on Monday.
The sizable Silver Bullion Pte. Ltd. storage facility can hold some $390 million worth of silver (at Friday's prices of $20.33 per ounce). Known as The Safe House, the new facility is located west of Changi International Airport. At present, it keeps some 37 tons of silver, mostly for its retail clients, behind a secure 2.5-ton stainless door.
Here's what that means for investing in silver...
Silver Prices Today Rebound After Taking a Hit from FOMC
Silver prices today (Friday) were modestly higher as bargain hunters stepped up to buy the dips. In early trading, spot silver last traded up $0.11 to $20.45.
It's been a volatile and punishing week for silver.
In morning trading Thursday, silver futures for May delivery slumped 2.3% to $20.355 an ounce, on pace for the biggest drop since March 7.
That put white metal prices heading for their fourth consecutive day of losses, the longest streak since Nov. 13...
Silver Prices Today Show Long-Term Profit Potential
Buoyed in early trading by a flight to safety amid simmering turmoil between Ukraine and Russia, silver prices today are showing signs of life.
In morning trading Friday, the price of silver rose $0.62, or 2.44%, at $21.89 an ounce. While the white metal slipped $0.148 Thursday to finish the session at $21.25 an ounce, the dip came on mild profit taking. Silver had a stellar showing Wednesday, ending up 2.66%, or $0.55, at $21.33.
Here's why this is an important catalyst for higher silver prices over the week...
Silver Prices Today: Expect Continuing Rally in Coming Months
Even though silver prices today (Friday) are down a relatively flat 0.59%, they're up more than 10% so far in February, and the rally won't end here.
This is where silver prices are heading in early 2014 - and how they're getting there...
Pan American Silver (Nasdaq: PAAS) Notches Victory over Lower Silver Prices
Despite lower silver prices, Vancouver's Pan American Silver Corp. (Nasdaq: PAAS) reported strong earnings yesterday (Thursday) that sent its shares soaring 6.28% over the day - and up to an 8.35% gain through Friday.
At first glance, Pan American's story may appear grim. In 2013, silver prices fell 35.7%, and Pan American shares fell right alongside, for a remarkably similar 35.57% loss across the year.
Thursday's earnings posted a net loss of $293.1 million, or $1.94 per share, during Q4 2013.