Silver Future Prices Opened Higher Thursday August 17
Silver Future Prices increased 0.07 USD/t. oz or 0.41% to 17.11 on Thursday August 17 from 17.07 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 continue to bounce around just above the $17 level, as we consolidate some of the gains from last week. It looks like the market is trying to form a bit of a base here, so we could bounce even further. Much of the gains were due to geopolitical concerns which seem to be calmed down, and if that’s the case we may find this market a bit flat. If we break down below the $16.80 level, the market should then go down to the $16.50 level. Alternately, I think if we can break above the $17.20 level, the market should then go towards the $17.50 level above. Ultimately, I think that the market probably gets a bit of a bid over the longer term, and that being the case I think that we are trying to build up a base here.
Silver Future Prices