After becoming significantly oversold late last week, the price of silver has managed to show some strength.
So far that bounce has been somewhat timid. But conditions are ripe for a strong rally.
Silver Prices: Predictions & Forecasts
By Peter Krauth, Resource Specialist, Money Morning -
After becoming significantly oversold late last week, the price of silver has managed to show some strength.
So far that bounce has been somewhat timid. But conditions are ripe for a strong rally.
By Peter Krauth, Resource Specialist, Money Morning -
The price of silver didn't move much early last week, but the events in Turkey have since pushed the metal even lower.
Serious pressure on the Turkish lira, which bled into emerging markets, acted like steroids on the dollar.
Initially, silver prices sold off but quickly reversed as silver benefited from safe-haven buying, as did the dollar.
By Peter Krauth, Resource Specialist, Money Morning -
The price of silver made a valiant effort to rally twice last week, but to no avail. Rather than head toward gold and silver as safe havens, investors favored the U.S. dollar.
The U.S. Dollar Index made another run towards 95.5, punishing silver prices and a host of other commodities along the way.
By Peter Krauth, Resource Specialist, Money Morning -
While the price of silver continues to languish, an excellent contrarian signal has emerged.
After silver's recent foray into correction territory, the metal remains there after bouncing back only slightly.
By Peter Krauth, Resource Specialist, Money Morning -
What I've seen from the price of silver this week suggests it may be done falling.
After peaking at $17.55 in January, silver prices are now down 12% and into what's widely considered correction territory.
Silver has now dipped below its December low and matched its low of July last year.
That could be a sign of a double bottom, so we may have seen the worst of this correction already.
By Peter Krauth, Resource Specialist, Money Morning -
Last week I asked if the price of silver's decline since the Fed rate hike had been enough.
I believe it has, and it's a turning point for silver...
By Peter Krauth, Resource Specialist, Money Morning -
The price of silver has been punished since the last Fed rate hike, but are we close to a bottom?
Thanks to a strong rally in the U.S. Dollar Index, where it climbed 180 basis points in just two weeks, silver prices have been stuck in the doghouse.
Now that silver is nearing a bottom, here's my newest price target...
By Peter Krauth, Resource Specialist, Money Morning -
Silver prices took a beating last week, but the metal may be near its bottom.
The mainstream media is turning against the metal, which is a good sign weak hands have already sold.
And the indicators I'm seeing show silver could rally in a hurry when the time is right...
By Peter Krauth, Resource Specialist, Money Morning -
I’m excited about silver.
Now let me first say I know what happened to the price of silver over the last week.
The precious metal is down 2%, and that’s after the Fed rate hike is finally out of the way.
I also know the U.S. Dollar Index (DXY) is up over that same time.
In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro.
But remember, gold tends to put in a low around the time we get rate hikes, and it also tends to put in a seasonal bottom around mid-June.
And silver tends to follow gold’s lead.
By Peter Krauth, Resource Specialist, Money Morning -
The price of silver is up 3.4% in the past week, while gold has trended sideways.
The Fed's FOMC meeting this week is what silver investors are watching now.
There are strong odds the Fed will announce a rate hike this week.
The market is interpreting that as confidence in sustained economic strength and inflation moving closer to the 2% target.
By Peter Krauth, Resource Specialist, Money Morning -
A weakening dollar hasn't spurred silver prices like we'd expected, but the indicators I'm looking at show silver is nearing the tipping point it needs to surge higher.
The Fed's looming rate hike next week could tamp down silver in the short term.
By Peter Krauth, Resource Specialist, Money Morning -
Although gold headed mostly higher last week, it was a tale of two directions for silver prices...
Silver was down early in the week, but as the dollar extended its run higher, silver followed along.
Here's why it supports my higher silver price target over the short term...
By Peter Krauth, Resource Specialist, Money Morning -
A funny thing happened with the price of silver early last week. After both silver and gold dropped in the face of surging 10-year Treasury yields and the U.S. dollar, silver parted ways with gold.
Gold prices corrected, then essentially moved sideways. Silver prices, on the other hand, rose mid-week even as the dollar was gaining and gold wasn't.
By Peter Krauth, Resource Specialist, Money Morning -
After putting in a distinct bottom early last week, silver has staged a roaring comeback.
From Tuesday's low to Friday's high, silver was up 3% over just three days. Today (Tuesday, May 15), silver prices are hovering near $16.30 per ounce.
The markets powered higher last week as the dollar headed south.
Before I get into my silver price outlook, here's how the precious metal is trending now...
By Peter Krauth, Resource Specialist, Money Morning -
After hitting a distinct bottom early in the last week, silver prices have already bounced back impressively despite ongoing U.S. dollar strength.
After starting May near $16.25, the price of silver rallied to a high near $16.47 last week.
