By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
The silver price this week has been particularly disappointing, trading at its 2014 low for the last six trading days.
But the bad news for silver is tempered by bullish indicators that could spark a rally in the near-term and carry it up to the end of the year.
Here's what moved the price of silver this week, and where it's headed...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Last week was punishing for silver prices once again, as the silver futures market sent out bearish signals and the white metal fell below its lowest levels on the year.
But if you've followed the silver futures markets this year you'd realize these current doldrums are only preceding a much more substantial rally.
Here's why silver is gearing up for a rally, and why now it is a good time to jump in...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices today are trading at their lowest levels on the year, continuing a two-month bear cycle where the white metal has fallen significantly.
Prices are taking recent cues from the U.S. Dollar Index, as well as the U.S. Federal Reserve. Silver futures activity has also been a headwind for more than a month now.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Activity in the silver futures market have caused prices to sputter out in August, and the most recent data shows that speculators are cashing in on the white metal's downfall.
And while these positions mount, silver is sure to languish.
But this bearish speculation will have to end at some point, and a rally is sure to follow.
By Michael A. Robinson, Defense + Tech Specialist, Money Morning • @Robinson_STI - • Print | Email
Silver is so vital in consumer electronics, solar power, and even healthcare now that it has become one of those "Miracle Materials" that are changing our lives.
And Keith Neumeyer, one of the top CEOs in the silver industry, tells me that he sees good times ahead for the white metal.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices are having a tough session, and traders who saw August as a month to rebound from a bearish July are wondering why silver is going down.
With many investments down close to 5% on the month, and the white metal trading below its level at the start of the year, it's easy to get discouraged.
Here's why prices are falling, and why we're still bullish...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
For all the discussions of inflation and labor market conditions going on at the U.S. Federal Reserve's policy meetings this year, it would be expected that the Fed's words would be felt in silver prices in 2014.
But this year, that hasn't been the case...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver Price Forecast this Week: Silver speculators are mounting their short positions, meaning that silver prices are likely to continue to struggle in the near term.
Silver is currently in a cycle of growing short positions, and the more they build, the longer the rally will be to follow once those positions go through a period of liquidation.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices this week have been slow and steady, continuing an uneventful August during which the white metal has traded in a narrow range.
However, while silver is likely to recoup from its recently slow trading in July, it most likely won't see a prolonged rally anytime soon because the big drivers simply aren't there.
Here's why for silver, things are going to get worse before they get better...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
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.
