Weekly Commodity Futures Price Chart

Silver Prices have been followed for centuries. Silver is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world.

It is widely used by producers, consumers, investors and central banks. December 28, , 7:

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The RSI is moving up a close above will confirm the bullish moves in the metal and silver may start heading up above the said levels. Silver is expected Continue reading

Happy New Year O' man, silver could be on the verge of major breakout. If true, major resistance is expected around This is a long term chart of comex silver contracts..

Silver is looking really good and have many bullish signals. This would be a long term investment! Silver- Double Bottom formation Downtrend over. Confirmation- Red neckline must be broken. It is a retest, but will we break? If silver drops I will still continue to buy more. Silver is a difficult market, because it is easy to corner the underlying and easy to manipulate the futures.

There are powerful forces at work. At the moment we are not mining as much silver as we are using, but the deficit is still being covered by reserves. So the long term fundamental outlook is up, as reflected in the chart with a pitchfork, however we have I think it is very clear - If you want to invest in a precious metal - your choice should be silver.

I've been calling this move for months. The washout low rotation in the US stock market is indicative of a deleveraging event tied to global capital exiting traditional technology and small cap investments. I called this rotation back in Sept The question now becomes Happy New Year O' man, silver could be on the verge of major breakout.

If true, major resistance is expected around This is a long term chart of comex silver contracts.. Silver is looking really good and have many bullish signals. This would be a long term investment! Silver- Double Bottom formation Downtrend over.

Confirmation- Red neckline must be broken. It is a retest, but will we break? COMEX launched gold futures trading in December and gold options trading in options are on gold futures, not on the bullion itself.

In , Comex merged with the New York Mercantile Exchange Nymex , officially becoming its division responsible for metals trading. Since , Nymex and Comex have been owned and operated by the CME Group, the largest derivatives marketplace in the world. Trading is conducted on the electronic Globex platform, from 6: The spot gold price is derived from the Comex futures price for the nearest contract.

The chart below presents historical closing spot prices. Comex also enables investors to leverage their positions using futures. Leverage, high liquidity, the possibility of covering positions liquidating them instead of physical delivery , low transaction costs and minimized counterparty risk due to compulsory margins, marking-to-market mechanisms and clearing operations of the futures exchange are factors which draw investors to Comex.

This is why Comex is used by speculators to speculate on the future direction of prices, but also by hedgers to hedge themselves against adverse price changes.

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