Tag: silver outlook

Is Silver Currently Riskier Than Gold?

Is Silver Currently Riskier Than Gold?

Gold futures closed higher edging past the $1,600 mark Wednesday, extending their advance to a fourth session – perhaps traders considered prospects for further quantitative easing by the Federal Reserve and other central banks, including the Bank of England, the European Central Bank and the Bank of Japan. Thursday Comex gold futures prices ended the U.S. day session near unchanged in subdued trading and today Gold edged up extending its winning streak to a sixth session as sluggish U.S. data boosted hopes for monetary easing. With an agreement last weekend to bail out Spain’s struggling banks, Europe again avoided financial chaos but it still faces far bigger challenges that threaten […]

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Physical silver demand heading higher

Physical silver demand heading higher

The silver price is depressed compared with its historical relationship to gold, one ounce being worth about 55 of silver, against the historical rate of 15 or 16. The reason, perhaps, has to do with silver’s demonetisation and its role as an industrial metal. However, with global supply from mines and recycling running at about one billion ounces and demand at only a hundred million less, it does not take much investment demand to create a severe shortage. For now, pricing is managed for industrial use, and industry has a vested interest in keeping the price low. For clues of future prices, we need to look at market data, and the graph […]

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Is the Gold to Silver ratio ready to turn in favour of Silver

Is the Gold to Silver ratio ready to turn in favour of Silver

One of the key indicators in the precious metals, is the gold to silver ratio. As we’ve written before in the article “This is the century of silver“, the ratio is on average 20 to 1 on a historical basis. Going back to the Romans for example, gold coins had 16 times more value than silver coins. Also, the availability of (physical) silver 7 times the availability of (physcial) gold. Now looking at today’s gold to silver chart, the ratio holds a nominal value between 56 and 57. What does this figure say? First, in the context of the superbull market in gold and silver that started back in 2001, […]

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Silver price Forecast: Dramatic Turnaround For Silver?

Silver price Forecast: Dramatic Turnaround For Silver?

Here are a few patterns that might explain the current state of the silver price, as well as, provide the possible way forward. Below is a 6-year chart of silver (all charts generated at fxstreet.com): On the chart, I have indicated two similar patterns (marked 1 to 5).This comparison suggests that silver could rise significantly over the next couple of months. This would mean that a dramatic turnaround in the price of silver is coming (it might have started already). I have also drawn some red lines at the $10, $20, $30, and $50 level. These levels appear to have acted like key levels, where the price of silver has […]

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Silver Chart and Comments of 11 March 2012

Silver Chart and Comments of 11 March 2012

Silver continues to be the poor poster child for the Deflation or Risk Aversion Trade. It’s chart is abysmal at this point as it has steadily retreated since peaking near $50 in what seems a lifetime ago. About the only positive thing that can be said about it is that is had not been below the $26 level for some time now. That level still seems to be bringing in buyers. Unless something changes rather drastically over the next week, it looks like it is going to once again test the resolve of those buyers that have been busy down there. If it holds, fine; if not, it would get […]

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The Silver Price in 2011 based on the World Silver Survey

The “World Silver Survey” is the authoritative publication on the silver market. The 2012 edition reports on all aspects of the silver market, including key areas such as demand, supply, investment, and price. Thomson Reuters GFMS produced the “World Silver Survey 2012” on behalf of the Silver Institute, which has been publishing the “Survey” since 1990. Thomson Reuters GFMS is recognized as the world’s leading precious metals markets consultancy. The Silver Price The average silver price between the 1st of January 2011 and mid November 2011, was 35.70 US dollar an ounce. That’s a year-on-year increase of 87%, as the average silver price over 2010 was 20.19. The year 2011 was […]

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Gold and Silver Enter Period of Low Volatility and Disinterest

Gold and Silver Enter Period of Low Volatility and Disinterest

Gold and Silver have been correcting multi-year advances. In this article we illustrate what ultimately develops as these corrections progress into consolidations. Namely, volatility declines, general interest in the market evaporates and this produces sentiment that is conducive for an important bottom. Because these are long-lasting, sustained corrections, the bottoms take time to develop. There are many fits and starts and as a result, most bottoms are not obvious until months after the fact. We provide some charts to help understand what is currently taking place and what we can expect going forward. Let’s start with Gold. At the top we plot the average true range (ATR) indicator which is […]

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Long-term Silver Chart Analysis indicates why Silver is likely to pass $150

Long-term Silver Chart Analysis indicates why Silver is likely to pass $150

Silver Forecast: Long-term Silver Chart Analysis Indicates Why Silver Is Likely To Pass $150 I would like to point out some interesting signals on the long-term chart for silver. Below, is a long term chart for silver: On the chart, I have highlighted …

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The face of volatility

The face of volatility

By Jeff Clark, Casey Research On February 29, gold dropped 4.8% and silver 6.2% (based on London fix prices). That’s quite the fall for one day. We’ve seen prices that have risen that much, too. But as I’m about to show, these ain’t nothin’, baby. Based on our experience, we’ve been saying for some time that volatility will increase as the markets fight their way to the mania phase of this cycle – and that once there, the gyrations will jump even higher. This call doesn’t exactly require one to go out on a limb; it makes sense since more investors will be crowding in – and volatility was high […]

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John Williams sees $8,890 Gold and $517 Silver coming

| February 20, 2012 | Articles: Experts Talk

John Williams of Shadowstats, discusses some extraordinary prices for gold and silver as well as giving an update on his hyperinflation watch. Williams also says that there is no recovery in the economy and inflation is picking up steam. Here is what Williams had to say about the situation: “Hyperinflation Watch: The upside pressure on oil prices, at the moment, largely is from escalating political tensions in the Middle East, not from significant new weakness in the U.S. dollar. Risk remains high, though, of a sharp sell-off in the U.S. dollar and dumping of dollar-denominated paper assets, particularly as the euro area crises come to head and the damages are […]

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Gold, Silver, War, Systemic Collapse & Social Unrest

| February 13, 2012 | Articles: Insights

With growing fears about the stability of the financial system, a looming war and a stampede of wealthy investors into hard assets, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. Celente had this to say about an increased number of investors that have been crowding into gold and other hard assets: “The smart people are (buying gold) and more and more people are waking up to it. So the people that are going to survive and thrive are going to be the ones that are prepared, the ones that are going to see […]

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James Turk: Silver, the next Apple?

| January 6, 2012 | Articles: Experts Talk

More downbeat economic news from Europe yesterday sent the euro down to $1.2790. As The Wall Street Journal points out, this is the single currency’s lowest level against the US dollar since …

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