Silver

The precious metals markets were trading mixed for the week. Gold futures were up a mere 0.21% for the week after prices tested the highs to 1127 late last week. A mixed US Dollar and rather slow markets have seen prices consolidate for the…
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Gold futures are showing signs of a recovery after the precious metal tested the lows of 1081.13 last week. The recovery comes as we pointed out last week on the bullish RSI divergence which could see Gold futures post a correction to the…
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The precious metals remain under pressure in an environment of uncertainty surrounding the US rate hikes. For the week, Gold was down -0.8% while Silver was down -1.57% at the time of writing. With the US Federal Reserve preparing for a…
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After breaking below the $1150 psychological support few weeks ago, Gold prices remained under pressure as the precious metal was seen trading near five year lows. Keeping up the pressure is the market expectations for the Fed's FOMC…
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From last week's precious metals analysis, we outline two scenarios for Gold. Bullish Scenario: In this scenario we expected to see a rally back to 1200 on an upside breakout from the falling price channel and on successfully breaking…
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In the previous week's analysis for Gold, we noted the falling wedge pattern and the potential break out levels with resistance at 1165 and the support at 1150. Over the week, price action managed to briefly rally to test the resistance…
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Euro zone members have given Greece until the end of the week to come up with a proposal as European Council President Donald Tusk said "tonight I have to say loud and clear that the final deadline ends this week". European leaders aren’t…
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Gold futures were down this week, trading -1.25% lower since Monday's open. Prices fell sharply as Gold tested the lows of 1150. The drop in prices comes despite the geo-political uncertainty surrounding Greece and its debt crisis. With the…
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Precious metals were mostly muted this week despite the various geo-political risks out of Eurozone on account of the Greece crisis and the flash crash in the Chinese equity markets. For the week, Silver futures were currently down -0.57%…
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Gold prices saw a volatile last week on account of the ongoing Greece crisis. The Yellow metal was bid up gaining close to 1.57% for the week ending 20th June, closing at 1199.79. The Yellow metal however failed to keep its gains with this…
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