Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

Silver Future Price Midday high Wednesday August 9

Silver | Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
Silver Future Price Midday increased 0.45 USD/t. oz or 2.76% to 16.91 on Wednesday August 9 from 16.42 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver markets initially tried to rally during the day on Tuesday, but found enough resistance just below the $16.50 level to turn around and fall significantly. This was in reaction to the over 6 million jobs available in the United States. Ultimately, this is a market that is highly influenced by the US dollar, and as it rallied that of course brought the market back down to the support region of $16.25. The $16.50 level above is massively resistive, and because of this if we broke out above there I think that it would be a very buying opportunity.

I believe that there is going to be more than enough volatility in the markets to keep this market very difficult to deal with. The $16 level below is a bit of a “floor” in the market, and that being the case it’s likely that the market will be very volatile and choppy around between the $16.50 level above and the $16.00 level below. Ultimately, this is a market that continues to be very choppy and dangerous, as short-term traders continue to push the market around. Because of this, it’s probably best to wait for some type of impulsivity that we can take a hold of, and be patient enough to wait for. I am currently on the sidelines but will inform you as to what I do next.

Silver Future Price Midday

READ  Switzerland Stock Market SMI Fell MIdday View on Friday July 7
READ  USD/CAD forecast | technical analysis Midday September 8, 2017
READ  Silver Price Early Look Monday June 26


Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on August of 2017.


Actual Previous Highest Lowest Dates Unit Frequency
16.91 16.46 49.45 3.55 1975 – 2017 USD/t. oz Daily


Like up on FACEBOOK



Click here for reuse options!
Copyright 2017 Investors Buz

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply