Technical Analysis
Spot Price Up Nearly $1 Per Ounce in Active Trading
Spot prices opened the week with a breakout above the last major area of resistance from back in early May. The metal traded as high as $40.70 in the early part of the New York session before backing off slightly. Gold continued to show strength as well as investors rushed to precious metals in the [...]
Prices Soared Today on Moving Average Breakout
The commodity rally was off and running this morning as silver broke out from near-term resistance and soared by more than $2 per ounce to $38.30 by mid-day. The advance originated from right on the 50 day moving average where momentum accelerated and trading activity picked up rapidly. The explosive move to the upside in the [...]
Metals Advance and Continue to Show Strength
Commodities moved higher and today and silver prices were on the advance after several days of trading in a tight range. Traders and investors appear to be encouraged by an improving technical picture and a series of higher lows on the daily chart. Several respected financial publications have come forward in recent weeks making a strong case for the [...]
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