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. See our updated Privacy Policy here.



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
Please try again
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
Silver Price: Safe-Haven Flows Get Hammered

Silver Price: Safe-Haven Flows Get Hammered

Alejandro Zambrano, Market Analyst
  • Silver remains bearish, despite the plunge in stock markets
  • As long as the $14.40 is capping price, I would expect silver prices to reach $13.65 and $13.18.

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

Today, silver prices rallied briefly, breaching the post-Christmas holiday highs of $14.05 before plunging back to its range. The trigger behind the surge in price was equity markets falling on the soft U.S. ISM (48.2 vs. an expected 49) and a poor Chinese Caixin Mfg. PMI (printing 48.2 vs. the 48.9 estimated).

This boosted demand for silver and gold on safe-haven flows. However, for now it appears that this was nothing more than a short-lived rally as the demand for U.S. Dollars was higher than for sliver. We note that the USD gained vs. the Euro, GBP, CHF, AUD and NZD.

From a longer-term technical point of view however, the outlook for silver prices has not changed. The overall trend remains bearish below the December 28 high of $14.40. A break to this level is needed for bullish traders to take control of the price. Until this happens, it may still reach the December low of $13.61, and eventually break this level, triggering a decline to the July 27 2009 low of $13.18.

Looking at the haven flows, they may re-emerge in the days ahead if the S&P 500 manages to successfully break its December 14 low of 1993. For now such a move would make sense given that U.S. ISM was soft and points towards a further slowdown for the U.S. economy. However, for now it appears that investors prefer USD over silver, hence, a surge in risk-aversion may not boost silver prices.

Silver / XAGUSD

Please add a description for the image.

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.