Commodity Trade Mantra

Posts Tagged ‘Silver and Copper’

While all are Higher, why are Silver Prices yet below the 1980's Level? Makes Any Sense?

Silver remains below 1980 high price of $49.45, while all the other metals and oil have traded above their 1980’s price. We can also see that when the other metals broke above the 1980’s price, they all at least doubled in price. So in the future, if Silver is able to break above the 1980’s high price of $49.45, are we going to see it at least double in price to $100 as well? Only time will tell.

Driving Force behind Silver Prices will be Base Metals, Not Gold

Whether you should buy silver or not really depends on where you think base metals will go for the remainder of 2017. If you are prone to believe base metals will stay up front, you might be getting ready to buy silver in May and June. Silver could easily become the runaway favorite among base metals. Before you dismiss this idea as being crazy, take a minute to think it through.

Is Copper About To Pull Silver Higher?

Given the significant correlation between copper & silver, its worth looking at copper futures market to get an idea of the future direction in silver. Combination of long term chart support in both, extreme silver short positions by technical funds & relaxing of copper short positions, could be a healthy mix for silver going forward.

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