Tag Archives: Silver

Silver Shines As Yields, Dollar Dip

Fawad Razaqzada

Precious metals have found strong support over the past couple of days, with gold surging back to $1340 and silver to $20.00 per troy ounce. The US dollar has weakened while benchmark government bond yields have fallen across the board once again. This is mainly due to a slightly more dovish Federal Reserve and as the Bank of Japan announced new set of policy measures aimed at extending its quantitative easing programme in order to overcook inflation. The lower government bond yields have boosted the appetite for racier assets like equities, while at the same time they have made precious metals – which, unlike bonds and stocks, pay no interest or dividend – appear more appealing to investors on a relative basis. more…

Elliott Wave Analysis On EURJPY And SILVER

Gregor Horvat

EURJPY Markets are very slow today after we have seen action on friday following NFP report. Here we have EURJPY now that made a deep pullback in the last four weeks, but for now still with three waves from around 118.40 which appears to be a corrective move. Notice that price has made five subwaves down in wave C which is now turning up from the lower support channel line. Current bounce looks very promising for bullish price action ahead that may lift price even back to levels from July highs if upper trendline is broken. more…

Elliott Wave Analysis On Silver And EURGBP

Gregor Horvat

Silver spiked up to 161.8% Fibonacci extension level of wave 1 measured from wave 2, which is the most important projection for wave 3. Notice that price turned immediately lower after that level was touched earlier, so we can say that price is now in wave 4 pullback which may look for a support once again near 17.60. If from any reason price will go straight down beneath 17.41 then overlap with wave 1 will suggest that top is in place, but temporary only since trend on higher time frames look very bullish. more…

Silver unable to shine despite raised Grexit fears

Fawad Razaqzada

Though precious metals have bounced off their session lows, they are generally continuing to struggle for form despite the increased uncertainty about Greece. Gold is now down for the fifth consecutive day and although silver has managed to buck the trend from time to time, it too is a touch lower today and also on the week. Investors are hoping that an eleventh-hour deal for Greece will be struck today, which is part of the reason why European stocks are clinging on to their gains. more…