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Silver Prices

Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.

Silver Price Chart

Silver Trading News, Analysis, and Forecast

Gold Relents as Greek Debt Negotiation Progresses After New Proposal
Gold relents as Greek debt talk progresses heading into Thursday’s European Council meeting. Copper gains on positive Chinese PMI data.
Greece Debt Impasse is Good News for Gold
Gold surged on safe-haven interests as Eurozone officials failed to reach a deal on Greek funding and the ECB announced an emergency conference.
Commodities Lifted by Weak USD, Gold Supported by Grexit Fears
US Dollar selling after the Fed’s monetary policy announcement has kept commodities above range supports as gold gathers strength ahead of a Eurogroup meeting.
Commodities Pause Ahead of FOMC, Copper Saved by a Flat US Dollar
Commodities saw relatively little action as the markets awaited the outcome of the FOMC policy meeting. Copper narrowly escaped a deeper downside push.
COT-Biggest Change in Silver Positions Since 2004
Last week, the net change in speculative positioning (net sellers) and commercial hedgers (net buyers) was the 2nd largest in history. The only larger change in positioning (when speculators were selling) was in December 2004. The implication is that speculators have given up on the upside, which is bullish.
COT-Silver Speculators are Once Again Extremely Net Long
Silver speculators have loaded up on the long side again. In fact, their net long position has nearly returned to January levels, which preceded a price top.
Weekly Setups Target Key Opening Ranges in USD, GBP, Gold & Silver
Setups in focus to start the week with USD longs at risk below technical resistance. Here are the updated targets & invalidation levels.
COT-Small Trader Record Short in Euro & Silver Traders are Bamboozled
As of last Tuesday, silver speculators held their largest net long position since February 2008. Of course, silver declined nearly 6% last week (most of it on Thursday). Similar to February and July 2014, positioning continues to ‘get ahead’ of price.
Crude Continues To Crumble, Silver Leads Precious Metals Lower
The commodities space saw a sea of red at the outset of the week as USD gains kept pressure on the precious metals, while supply glut concerns weighed on WTI.
Crude Crumbles On OPEC Inaction Speculation, Silver Slips
WTI has slipped to a fresh 2014 low ahead of the much-anticipated OPEC pow-wow, while the precious metals are facing heightened volatility on thin trading conditions.