Silver Future Price Midday high Wednesday August 9

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COMMODITY TRADERS


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

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Silver

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

 

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)

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Jadtecnic

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.

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