SILVER FUTURES PRICE Rising MIDDAY Monday August 21

SILVER FUTURES PRICE Rising MIDDAY Monday August 21

SILVER FUTURES PRICE increased 0.10 USD/t. oz or 0.57% to 17.02 on Monday August 21 from 16.93
Silver prices have been working their way higher in bullish fashion since the spike-day low created back on 7/10. The past few days the rally stalled on a failure to maintain above the 200-day MA and after touching off on the upper parallel of the channel since in place since July. The trend in the intermediate to long-term remains down, marked by the lower highs and lower lows, however; as long as the lower parallel maintains then keeping a tentatively bullish stance in the near-term makes sense

SILVER FUTURES PRICE increased 0.10 USD/t. oz or 0.57% to 17.02 on Monday August 21 from 16.93 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 prices showed softness today falling Rs 200 to Rs 40,000 per kg due to lower traction among industrial units even as the white metal strengthened overseas.

Gold, however, remained steady at Rs 29,950 per 10 grams.



SILVER FUTURES PRICE

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Traders attributed the price slide in silver to muted demand from industrial units at the domestic spot market, but the positive trend from overseas markets limited the fall.

Globally, silver rose 0.47 per cent to USD 17.02 an ounce and gold 0.31 per cent to USD 1,288.20 an ounce in Singapore.




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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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