News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The #AustralianDollar may continue to outperform its haven-associated counterparts after breaking above key chart resistance. $AUDUSD, $AUDJPY, $AUDCHF levels to watch. $AUD
  • HSBC share price tumbled 3.2% after Chinese media agency Global Times reported that Beijing is considering putting HSBC into its Unreliable Entity List (UEL). Hang Seng Index fell 0.7% in early Asia trading hours.
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.53% Oil - US Crude: 0.35% Gold: 0.17% View the performance of all markets via
  • The two-day closure of the Japanese markets suggests that liquidity in both equity and forex could be thin, rendering #USDJPY and #Nikkei225 futures susceptible to large swings, should there be surprising news. Read more here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.25% 🇦🇺AUD: 0.24% 🇯🇵JPY: 0.20% 🇪🇺EUR: 0.16% 🇳🇿NZD: 0.14% 🇨🇭CHF: 0.11% View the performance of all markets via
  • #Market Snapshot Broad risk-on tilt to kick off a fresh week of trade as the risk-sensitive $AUDUSD jumps back above the 0.73 mark. Haven-linked $USD drifting lower against its major counterparts while $JPY attempts to peg back lost ground.
  • The US #Dollar may fall if demand for haven-linked assets fall after testimonies from Powell and Mnuchin to the House. Better-than-expected data may compound the Greenback’s selling streak. Get your #currencies update from @ZabelinDimitri here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.06%, while traders in NZD/USD are at opposite extremes with 71.11%. See the summary chart below and full details and charts on DailyFX:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
Silver Price: A Medium-Term Low In Place

Silver Price: A Medium-Term Low In Place

2015-12-04 16:35:00
Alejandro Zambrano, Market Analyst

Talking Points

  • After repeatedly trying to break lower over the last few weeks, the price sliced through prior highs with no resistance from bearish traders. And for the first time since late October my outlook for Silver is bullish.
  • I am expecting up to two weeks of correction before silver prices turn bearish once again.

The Big Picture

Silver prices have rallied enough to make it plausible that we will have a medium-term low in place. With this in mind, I expect silver prices to rally higher and maybe reach $15.09, which corresponds to 50 percent of its October to December slide. The rally occurs on a general wave of Dollar profit taking, triggered by the ECB under-delivering monetary stimulus and on markets not expecting more than 2 Fed rate hikes in the next 12 months.

I disagree with the dovish outlook for the Fed and expect more than two rate hikes in the next 12 months (but for now the market is not giving us the go-ahead to trade this view). Instead silver prices are correcting some of its losses. In the $14.79 to $15.50 range I expect the trend to turn bearish. This rally may last from a few days to two weeks.

Get ahead in 2016 – Read The Traits of Successful Traders Guide

Silver Daily Chart

Short-term Outlook

Price reached $14.58 which was the target on a break to $14.40. Price now is short-term overbought and a pullback to the $14.25-$14.35 range is probably needed before traders are encouraged to buy given the risk-reward ratio in this range.

Silver 4-hour chart

Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

Learn more about trading and join a London Seminar

To be added to Alejandro’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.