$ Silver $

I think you are going to see a pop out of the box this first week as buyers come back in. Gold broke through the P SAR and silver is just shy of doing the same.
 
I hope you're right, though I fear you are not. This is reflexory, trying to carry the end of december momentum forward. When liqudity returns tomorrow, things will change. I expect a turn around on Friday.

Again, I hope I'm wrong.
 
i think if we see gold break 650 - we could see a big move in gold and silver. nobody is going to want to miss out if gold looks like its going to break 720 cause who knows where it might head to if it breaks that level....

likely have to see the dollar index break 80... which is not really that far away....
 
Quote from niceneasy:

i think if we see gold break 650 - we could see a big move in gold and silver. nobody is going to want to miss out if gold looks like its going to break 720 cause who knows where it might head to if it breaks that level....

likely have to see the dollar index break 80... which is not really that far away....
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Agree with everything said. But don't count on 80 just yet. It's possible, and in reach, but let's see what January has to offer.
 
Looks like silver has successfully observed a test of the 200-day SMA and is moving higher from it.

Does anyone know why the continuous contract showed a loss on Friday? I know it's a weighted average, but I would imagine the move across all open contracts on Friday wouldn't average out to a loss of 0.4%, strange..

SLV ETF

Continuous contract
 
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