Silver and Gold Prices Slump with Strengthening US Dollar
June 13, 2011 1:26 pm by Russell GlaserCommodities in general are beginning to feel the pinch as weak Chinese economic data combined with declines in equity markets and a strengthening dollar have begun to weigh on both spot gold silver prices.
Euro Gains on Chinese Interest while Gold Falls $10
May 26, 2011 1:22 pm by Russell GlaserThe FX markets have calmed following the sharp price moves seen in the Asian session as traders await US economic data later. The euro and equities are higher spurred by Chinese interest in Portuguese bailout debt and dollar block currencies. ...
Sterling and Spot Silver Make Gains
May 25, 2011 1:16 pm by Russell GlaserA drop off in risk overnight fueled by rumors of a crack election in Greece faded as the day went on but the euro continues to trade lower. Sterling was bid this morning as was spot silver with markets awaiting ...
German GDP Supports Euro while Sterling Struggles
May 13, 2011 1:12 pm by Russell GlaserOn the back of stronger than expected German GDP data the euro found support as did commodities and European Equities prior to the US CPI release.
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
Commodities Move Sharply Lower on Euro Decline
May 5, 2011 8:53 pm by Russell GlaserThe euro is in a free fall versus the dollar following a speech by ECB President that was absent of the typical wording to prepare markets for an interest rate hike. The pause in ECB tightening fed into risk aversion ...
Crude Oil Prices Dip, Silver Rebounds
May 2, 2011 12:36 pm by Russell GlaserA quiet European trading session has been highlighted by a decline in crude oil prices following the announcement of Osama bin Laden’s death. Spot silver prices rebounded after the commodity sold off after an increase in margin requirement fueled profit ...
Osama bin Laden Killed, Dollar Receives Support as Silver Tumbles
May 2, 2011 9:31 am by Russell GlaserA media frenzy followed the report of the death of Osama bin Laden and traders supported the dollar in overnight trading. Silver prices slid 10% before the commodity recovered after futures margins were increased. UK and many European markets are ...
Weekly Chart Indicates Silver Will Break Record High This Week
March 8, 2011 3:03 pm by Yan PettersSilver prices saw a little bearish correction yesterday and the precious metal fell from an all-time record high of $36.72 an ounce to as low as the $35.80 level. However, as the weekly chart indicates, the bearish move was nothing ...
Silver Corrects Gains, Might Fall To $35.0 an Ounce
March 7, 2011 5:55 pm by Yan PettersAfter going through an extraordinary bullish trend, silver prices have begun to show downward corrections as of today, dropping almost 100 pips. Silver peaked today at an all-time record high of $36.72, however, once American equity markets have opened, ...
