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Thread: Silver - Fundamentals

  1. #1
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    Silver - Fundamentals

    Hi Traders

    This thread will feature the fundamental about silver. So We can see that how much potential of making profit is there in trading silver.

    Regards

  2. #2
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    Re: Silver - Fundamentals

    Silver has been quick indecisive recently but after all, near term outlook remains bearish with 33.29 resistance intact. Fall from 37.475 is expected to continue lower to 61.8% retracement of 26.145 to 37.48 at 30.513. Sustained trading below 30 psychological level should pave the way to 26.145 and below.

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    Re: Silver - Fundamentals

    Silver traded on gold’s heels today moving up to 30.9110 adding 0.311. Investors are positioning their portfolios ahead of the main event this week—the Federal Open Market Committee meeting/Ben Bernanke press conference—kicks off today and concludes tomorrow, which may overshadow [other] releases.

    The Federal Open Market Committee is expected to only tweak its economic forecasts at its two-day meeting this week, keeping all its options on the table given cross currents in recent economic data, analysts say.

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    Re: Silver - Fundamentals

    Silver Commodity Section

    Moving silver sideway
    Wednesday, April 25, 2012

    Monexnews - Silver moving sideway but generally remains under pressure. 1 hour CCI has been providing visible indication of overbought, but there has been no confirmation of the stochastic signal. Likewise, the current bearish potential for still greater than bullish, with the goal to support at 30.47. Beware of the outbreak of resistance in the 31.02 because it will likely trigger bullish momentum towards 31.56.

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    Re: Silver - Fundamentals

    Silver is following just a few steps behind gold, moving up and down all day. Silver is currently up a few pips trading at 30.818.

    Markets are waiting for the FOMC rate decision and statement later today.

    The main event this week—the Federal Open Market Committee meeting/Ben Bernanke press conference—concludes later on Wednesday, which has overshadowed everything else.

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    Re: Silver - Fundamentals

    Silver taking cues from rise in gold prices and upside in base metals pack, spot silver prices traded slightly higher by 0.1 percent today. Additionally, a weaker dollar index also helped upside in prices. The white metal touched an intra-day high of $ 30.92/oz and was trading at $ 30.862/oz.

    Commodities were on a greener turf bolstered by the U.S Federal Reserve comments over the U.S economy and reassurance that it was ready to provide monetary stimulus to the economy if necessary. Spot gold firmed up helped by Fed’s comments and a weaker dollar. Base metals in LME and Shanghai rose with LME copper inching up to a two week high.

    However, gains were limited on concerns over demand from China. MCX base metal complex rose too with nickel being the best performer, advancing at least a per cent. Optimistic view of the Fed over the state of U.S economy lifted crude oil prices to almost one week high.

    However, waning worries over Iran after its envoy in Moscow said that the country may halt the expansion of its atomic program to avert new sanctions may weigh on. Earlier, Euro-Area April economic confidence fell to 92.8, further bolstering belief that the spreading debt contagion is taking its toll on key economic indicators.

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    Re: Silver - Fundamentals

    Silver is simply following the piper, marching behind gold today, tracking its every move. Silver is trading at 31.325 up 0.049. Gold is up in today’s session trading at 1665.35. Both metals were slightly up in early trading, but once the US GDP was released well under forecast, investors quickly moved from the US to the metals.

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    Re: Silver - Fundamentals

    Silver surprised investors today, moving out of sync with gold, to trade higher at 31.133 up 0.117.
    US ISM surprised the markets today, with a better than expected report, the gauge of manufacturing in the U.S. climbed to 54.8% last month from 53.4% in March, the Institute for Supply Management said.

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    Re: Silver - Fundamentals

    Silver is trading for 30.483 down, .45 mostly following in gold’s footsteps. Silver lost more as it closed slightly higher as gold dipped down at the end of yesterday’s trading session.With the USD moving up, there were limited expectations for commodities.

    As with Gold, Silver opened higher at 31.03. The metal saw an intraday high of 31.32/31.37, mid morning, following gains in both base metals and crude. However, silver began losing ground as gold declined and reached an intraday low of 30.87. The metal ended the day quietly at 30.48

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    Re: Silver - Fundamentals

    Silver is trading at 30.228 up a few cents in today’s trading. Silver walked in gold’s footsteps, not missing a beat today. The entire metals array followed gold up and down, none making major headway.

    After a confusing jobs report today shows a measly 130K new jobs well under estimate, but a drop in unemployment to 8.1%. This drop supports the thought that many people are just dropping off the rolls either have used up all of their benefits, or just given up.

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