Commodity Trade Mantra

Posts Tagged ‘iShares Silver Trust’

Silver Prices Hold at Critical Level Amid Most Bearish Conditions

Hedge funds & other speculative traders as of last week held more bearish bets against silver prices than any time outside the summer 2015 peak. Silver prices found support [in early May] near $16.00. Something also changed in the silver market in May as US Silver Eagle sales have surged compared to the previous month. Also, the fundamentals in the US economy continue to disintegrate.

Silver Prices Form Bullish Reversal - Silver Seems Ready to Rally

The iShares Silver Trust (SLV) is an ETF that tracks the performance of the underlying holdings in the London Silver Fix Price. Shares of the fund were down 24% in the last half of 2016, but over the last several months they have been consolidating in an inverse head-and-shoulders basing formation. Technical indicators suggest the fund is ready to break out, reversing a six-month downtrend.

How Silver Bulls can Invest in Silver & Diversify their Portfolios

Buying physical bullion is a great way to get your hands on silver. Physical silver is going to cost you a little more than what you see quoted in the news, but you have immediate access to it whenever you want. 2017 is poised to be a strong year for silver prices. Fortunately, there are a number of different ways for silver bulls to invest in silver & diversify their portfolios.

Price of Silver and Gold in 2017: Why They Could Bounce Higher

Most of those who are bullish about silver prices in 2017 point to silver’s capacity to decouple from the precious metals markets. Excitement about silver’s industrial demand could be the driver for higher prices in the minds of some. With uncertainty about geopolitical actions & surprises likely on multiple fronts, investors should expect gold prices in 2017 to be more volatile than usual.

2017 - The Promising Year for the Silver Investor

The market for silver continues to tighten as supply has failed to keep up with demand for much of the past decade. Demand for silver is up by more than 35% since 2009, while supply only grew by a little more than 10%. With silver consumption set to expand indefinitely, the supply deficit will continue to put upward pressure on silver prices in the years ahead.

Silver Seems Ready to Break Out Off Significant Support - Buying Opportunity Beckons

After taking a look at the ups and downs of the silver market pre- and post-election, there seems to be a major opportunity developing. Also the fact that the silver price is now below a rising 200-day moving average suggests a high probability that it will turn up soon. We maintain our view that silver prices will then return to a modest bull market.

Silver Breaks Out: Will Silver Return as the World’s Premier Currency?

Corrective action from July has more than completely unwound the earlier overbought condition & has brought silver all the way back to its steadily rising 200-day moving average, a classic buy spot, where a potential intermediate base has formed. The tight pattern that has developed following the sharp drop early in Oct suggests a “false flag” that will lead to an upside breakout.

Can the Price of Silver (the Year's Top Performer) Continue to Rally?

With the price of silver up nearly 40% year-to-date, investors are wondering whether it can continue. Experts say it may have more room to run, particularly as global interest rates continue to stay negative. It wouldn’t be inconceivable to see a silver supply shortage if there was heightened demand, & in that case, a silver to gold ratio of 20 to 1 (or lesser) is not an impossibility.

Buy Silver, Not Gold, if You are a Big Time Player

On the face of it, it may seem a bit odd. Gold is the traditional store of value. But for long-term investors, it’s important to understand that silver prices have an 84% correlation to gold prices over time. One big thing silver has going for it moving forward is it has growing industrial uses that gold doesn’t have. It could well be the key strategic metal for the 21st century.

Buy More Silver on the Big Pullback in Silver Prices

History shows that when silver has a big rally off a bottom, it typically retraces about 50% of the rally. Levels may change slightly if silver prices continue to creep up in the short-term, but it provides an approximate buy location for when the pullback does develop. Now is not the time to be aggressively buying silver. Patience is likely to yield much lower entry points.

Every Single Move This Year Seems Silver And Gold Friendly - Especially Silver

“It’s very difficult to be bearish on silver and gold — especially silver, which has drawn particular interest from investors this year. With so much pricing momentum, and so many geopolitical and market factors blowing in its sails, there’s no reason to think silver won’t continue to post gains through the end of the year.” Events close-by could easily push the price of silver above $30.

Gold and Silver Pullback Before US Jobs Data - But Brexit Weighs on Fed

I am beginning to think the gold rally is running out of steam and may be due for a pullback. We need some fresh impetus to continue higher…Unless more dire news comes out of the UK (Brexit aftereffects) or elsewhere, I suspect there may be some profit taking ahead of the weekend. However the focus now shifts to Friday’s [US jobs] NFP print.

Extremely Battered Prices make Silver a Coiled Spring - Ready to Explode Higher

A delayed silver reaction to major new gold uptrends is readily evident over the past decade. But once gold rallies far enough, silver investors return & as silver’s gains accelerate, they soon catch up with & eventually surpass gold’s own. The battered silver prices (coiled spring) aren’t sustainable, so silver is due for a massive mean reversion higher as investors return.

Silver Buying Only Starting - Investment Demand Awakens

Silver is on the verge of a major breakout following this week’s sharp rally. Silver investment demand varies dramatically with the shifting whims of traders’ sentiment it. And since any market’s prices are effectively set by marginal new buying & selling, nothing is more important for silver prices than investment demand.

Silver Price and iShares Silver Trust - SLV Going to $12

The movement from $17.5 to $50 from 2010 to 2011 had only a small correction. It just played as a gigantic parabola. What we know is that parabolas are reverted back below their previous channels. Based on long-term demand line, formed during a period of over 12 years, the support for silver price is around $11-$12.

Gold to Fuel Silver Upleg

Silver is a fascinating market. Almost without exception, all of silver’s biggest and strongest spikes, uplegs, and bull markets in modern history have been fueled by parallel gold rallies. From an investment perspective, silver is ultimately just a leveraged play on gold. Silver investment demand is almost totally dependent on gold’s fortunes.

Silver Ready to Run

Silver looks to be on the verge of a major new up-leg, finally emerging from the past couple years’ ugly sentiment wasteland. And while investors’ ongoing silver stealth buying continues, it’s been modest. So there is vast room for capital inflows to accelerate dramatically as gold mean reverts higher.

The Chart Every Silver Investor Should See

If current buying trends continue for the remainder of the year, total Silver Eagle sales to reach 37 million and 475,000 oz of Gold Eagles. While sales of Gold & Silver Eagles will be lower in 2014 compared to the previous year, the Silver-Gold ratio is estimated to hit a stunning 78/1…. more than double the 33/1 from 2008-2013.

Silver Buyers Keep Stacking Despite Falling Prices

Although the silver price weakness has damaged psychology, some interesting trends have emerged which appear to be signalling that the core silver retail & indeed institutional investor remains resilient & is even using the current price weakness as a further buying opportunity. Silver ETFs still remain near an all-time high.

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