Silver Price Analysis: Stumbling and Falling Down

March 5, 2021 10:10 pm
Silver finished this week lower by 4.5% as weakness continues for gold’s little brother. Dollar has flexed its muscle causing precious metals to falter. However, this weakness would be no surprise for Trading Price Newsletter subscribers. Silver Price Analysis for March 5, 2021 (click on image to enlarge)   Last week, we said silver’s price […] Read more

Commodity Market: Gold plummets to a fresh nine-month low as Fed Chair Powell’s remarks on bond yields bolster US Dollar

March 5, 2021 10:11 am
Spot Gold extended losses from the previous two trading days on Friday, while hitting a fresh nine-month low, following some disappointing remarks on rising bond yields by Federal Reserve Chair Jerome Powell, which further bolstered bond yields and the US Dollar. The precious metal also looked set to register its third consecutive week of losses. […] Read more

Commodity Market: US Crude Oil rises to a fresh 59-week high amid a sharp drop in US oil production, weaker US Dollar

February 25, 2021 10:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading session on Thursday, while touching a fresh 59-week high, as a Texas winter storm led to a considerable drop in US crude oil production last week, while the Federal Reserve assured markets that monetary policy would remain accommodative. The latest data […] Read more

Silver’s Price Channel Suggest Weak Trend Strength

February 25, 2021 1:32 am
Silver price started off the month of February with a sparkle as traders tried to push a short squeeze to rail the large institutions.  Since the February 1 high, silver prices have softened and seemed to have settled within a $26-28 price range. Silver Price Momentum At the time of this writing, silver prices have […] Read more

Commodity Market: US Crude Oil eases from one-year highs on expectations of slower economic recovery, speculation of lower output cuts

February 11, 2021 10:27 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s over 1-year high on Thursday due to expectations of slower economic recovery, while speculation emerged that recent oil price gains could prompt key producers to cut output at a lesser rate. “Benchmark crude oil futures fell … as investors tapped the brakes on the […] Read more