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Current Price of Silver Restrained by Speculators, but Not for Long

By , Associate Editor, Money Morning • @JimBach22 -

current price of silver

As of Friday, the U.S. Commodity Futures Trading Commission (CFTC) reported that silver speculators added further to their short positions, which no doubt kept a lid on the current price of silver.

The silver futures market and speculator activity has been a highly telling indicator for the future of silver price movements. When speculators begin buying up short positions in droves, the price of silver enters a bear session were declines become routine. But when silver speculation hits its peak and prices dive down to new lows, the speculators will begin to liquidate their short contracts and buy long.

And when this happens, silver is taken for a ride…

Want to Know Where August Silver Prices Are Headed? Watch the Speculators

By , Associate Editor, Money Morning • @JimBach22 -

august silver prices

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 Prices Today Have Ben Bernanke to Thank

By , Contributing Writer, Money Morning -

investing in silver

Thanks to that "party animal" Ben Bernanke, silver prices today are enjoying a nice bounce.

That's because the U.S. Federal Reserve chairman, along with the other members at the Federal Open Market Committee (FOMC) meeting yesterday, decided to keep the quantitative easing (QE3) flowing steady with $85 billion of bond buying per month.

After the Fed announcement, silver prices rallied by 5.5% to more than $23 an ounce. That's the precious metal's biggest one-day gain since June 28.

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