Silver Price – Silveracce 365 http://silveracce365.com/ Fri, 08 Oct 2021 15:21:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://silveracce365.com/wp-content/uploads/2021/06/icon-5.png Silver Price – Silveracce 365 http://silveracce365.com/ 32 32 Silver Price Daily Forecast – Resistance Test at $ 23.20 https://silveracce365.com/silver-price-daily-forecast-resistance-test-at-23-20/ https://silveracce365.com/silver-price-daily-forecast-resistance-test-at-23-20/#respond Fri, 08 Oct 2021 14:37:30 +0000 https://silveracce365.com/silver-price-daily-forecast-resistance-test-at-23-20/ Silver is gaining ground as the dollar falls after a disappointing report on non-farm payrolls Silver recently attempted to settle above the resistance at $ 23.20 while the US dollar lost ground against a broad basket of currencies. The US dollar index came under pressure following the release of the Non Farm Payrolls report. The […]]]>

Silver is gaining ground as the dollar falls after a disappointing report on non-farm payrolls

Silver recently attempted to settle above the resistance at $ 23.20 while the US dollar lost ground against a broad basket of currencies.

The US dollar index came under pressure following the release of the Non Farm Payrolls report. The report showed that the U.S. economy only created 194,000 jobs in September, compared with an analyst consensus of 500,000, which was bearish for the American currency. Currently, the US dollar index is trying to lower below the 94 support. If the US dollar index manages to get below this level, it will move towards the next support at 93.75, which will be bullish for silver and gold today.

Meanwhile, gold made an attempt to settle above the key resistance level at $ 1,775, but failed to develop sufficient upward momentum and pulled back. The 10-year Treasury yield recently managed to climb back to 1.60%, which was bearish for gold and other precious metals. If gold tests the next support at $ 1750, silver could come under pressure.

The gold / silver ratio has settled below the 20 EMA at 77.40 and tests the 77 level. If this test is successful, the gold / silver ratio will move towards the support at 76.50 which is for Silver will be bullish.

Silver attempted to move above $ 23.20 but encountered strong resistance and retreated towards the 20 EMA near $ 22.80. If silver stays above the 20 EMA, it has another chance to test the resistance level at $ 23.20.

A successful test of this resistance level opens the way to test the resistance at the 50 EMA at $ 23.50. If silver manages to settle above the 50 EMA, it will move towards the next resistance level, which is at $ 23.90.

On the support side, a move below the 20 EMA will push silver towards the support at USD 22.60. If silver falls below this level, it will head for support at $ 22.30. A successful test of the support at $ 22.30 will pave the way to the test of the support at $ 22.10.

You can find an overview of all today’s economic events in our economic calendar.


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Indian spot gold and silver price on Thursday, October 07, 2021 https://silveracce365.com/indian-spot-gold-and-silver-price-on-thursday-october-07-2021/ https://silveracce365.com/indian-spot-gold-and-silver-price-on-thursday-october-07-2021/#respond Thu, 07 Oct 2021 04:32:00 +0000 https://silveracce365.com/indian-spot-gold-and-silver-price-on-thursday-october-07-2021/ Today gold course in India ( ₹46680) observed no change since yesterday ( ₹46680), despite being higher than the average gold price observed this week ( ₹46567.1) by 0.24%. Although the global price of gold is up 0.18% today ($ 1816.7), the price of gold in the Indian market is the same ( ₹46680). Gold […]]]>

Today gold course in India ( 46680) observed no change since yesterday ( 46680), despite being higher than the average gold price observed this week ( 46567.1) by 0.24%.

Although the global price of gold is up 0.18% today ($ 1816.7), the price of gold in the Indian market is the same ( 46680).

Gold and other precious metals on Thursday, October 7th, 2021

Following yesterday’s trend, the global gold price continued to grow today. It was clocked at $ 1,816.7 a troy ounce on the last closing price, which was up 0.18% from yesterday. This price level is 4.24% above the average gold price for the last 30 days ($ 1739.7). Among the other precious metals, Silver Price Today was down. The price of silver fell 0.06% to $ 25.2 a troy ounce.

In addition, the platinum price has shown an upward trend. The precious metal platinum rose 0.05% to USD 1,078.0 a troy ounce. Meanwhile, gold was being made in India 46890 per 10 grams on MCX, with a change of 107.8. In addition, the price of 24k gold on the Indian spot market was quoted at 46680.

MCX Gold on Thursday, October 7th, 2021

Gold futures prices in India rose 0.23% on the MCX 46890 per 10 grams. In the previous session, gold was up 0.69%, or about 107.8 per 10 grams.

On the MCX, silver futures were up nearly 0.09% or 55.1 per kg at the price level of 61268 per kg.

The gold spot price today ( 46680) had no change compared to yesterday ( 46680), while global spot prices are up $ 3.25 today to $ 1,816.7. However, there has been an increase in the MCX future price of. observed 107.8 with value of 46890 as of today.

Exchange rate on Thursday, Oct 07, 2021

The conversion from dollars to rupees has been constant since yesterday and any fluctuation in the price of gold today would not indicate any connection with the value of the dollar.


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XAG / USD remains capped below the USD 23.00 area https://silveracce365.com/xag-usd-remains-capped-below-the-usd-23-00-area/ https://silveracce365.com/xag-usd-remains-capped-below-the-usd-23-00-area/#respond Wed, 06 Oct 2021 17:47:20 +0000 https://silveracce365.com/xag-usd-remains-capped-below-the-usd-23-00-area/ Silver is rebounding from a low of $ 21.40 but remains limited below the resistance area of ​​$ 23.00. Precious metals depreciate against a firmer USD on inflation concerns. XAG / USD: Targets $ 23.77 while above $ 21.87 / 17 – Commerzbank. Silver found support at $ 21.40 on Wednesday to offset previous losses […]]]>
  • Silver is rebounding from a low of $ 21.40 but remains limited below the resistance area of ​​$ 23.00.
  • Precious metals depreciate against a firmer USD on inflation concerns.
  • XAG / USD: Targets $ 23.77 while above $ 21.87 / 17 – Commerzbank.

Silver found support at $ 21.40 on Wednesday to offset previous losses and return to the upper $ 22.00 area. However, the pair has lost steam again, just under $ 23.00.

Precious metals depreciate as the US dollar strengthens

Silver and other precious metals traded lower Wednesday amid risk averse sentiment. Investor fears of rising inflationary pressures have fueled the US dollar towards safer havens across the board due to higher US T-bond yields.

The surge in oil prices, with the WTI hitting a new seven-year high at $ 79.80, has raised concerns about the possibility that inflation may pose a challenge to the post-pandemic recovery and put pressure on the Federal Reserve to pursue its plan to accelerate normalization of monetary policy.

XAG / USD: estimated to be above USD 23.00 and above USD 21.87 / 17 – Commerzbank

From a technical point of view, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees further upside potential in the precious metal: “Silver sold out to test its long-term central support at USD 21.87 / 17, which has held up so far. These represent the lows of September and November 2020 as well as the high of July 2014 and the high of 2016. These are considered to be an important support and we expect them to serve as the bottom for the market. “

Technical levels to watch


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Indian spot gold and silver price on Wednesday October 06, 2021 https://silveracce365.com/indian-spot-gold-and-silver-price-on-wednesday-october-06-2021/ https://silveracce365.com/indian-spot-gold-and-silver-price-on-wednesday-october-06-2021/#respond Wed, 06 Oct 2021 04:32:36 +0000 https://silveracce365.com/indian-spot-gold-and-silver-price-on-wednesday-october-06-2021/ Gold Price in India ( ₹46680) has increased since yesterday ( ₹46490). It was also above the average gold price observed this week ( ₹46314.3) by 0.79%. The Indian gold price today is ₹46680, which grew 0.41%; this growth rate was higher than the 0.18% growth in the global gold price. The global price of […]]]>

Gold Price in India ( 46680) has increased since yesterday ( 46490). It was also above the average gold price observed this week ( 46314.3) by 0.79%.

The Indian gold price today is 46680, which grew 0.41%; this growth rate was higher than the 0.18% growth in the global gold price. The global price of gold is now $ 1,816.7.

Gold and other precious metals on Wednesday, October 6th, 2021

The global gold price rose at the current closing price with a value of 1816.7 USD per troy ounce. The total growth is 0.18%. This price level is 4.24% above the average gold price for the last 30 days ($ 1739.7). Among the other precious metals, Silver Price Today was down. The price of silver fell 0.06% to $ 25.2 a troy ounce.

In addition, the platinum price has shown an upward trend. The precious metal platinum rose 0.05% to USD 1,078.0 a troy ounce. In India, however, the price of gold was at 46637 per 10 grams on MCX, with a change of 177.2. In addition, the price of 24k gold on the Indian spot market was quoted at 46680.

MCX Gold on Wednesday, October 6th, 2021

On the MCX, gold futures prices in India were up 0.38% 46637 per 10 grams on the previous session gold was down 0.34% or about 177.2 per 10 grams.

On the MCX, silver futures plunged nearly 0.52% or 316.5 per kg at the price level of 60874 per kg.

The gold spot price today ( 46680) increased by 177.2 from yesterday ( 46490), along with global spot price growth from $ 3.25 to $ 1,816.7 today. A similar trend was seen in the MCX futures price with an increase of. observed 177.2 and value of 46637 as of today.

Exchange rate on Wednesday, October 6th, 2021

The conversion from dollars to rupees has gone up on today 74.6 compared to the previous closing price of 74.5. The rise in the dollar against the rupee could affect gold today as it reflects a higher gold price in domestic markets.


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A silver miner ETF that should be considered despite the latest BMO price predictions https://silveracce365.com/a-silver-miner-etf-that-should-be-considered-despite-the-latest-bmo-price-predictions/ https://silveracce365.com/a-silver-miner-etf-that-should-be-considered-despite-the-latest-bmo-price-predictions/#respond Tue, 05 Oct 2021 15:23:08 +0000 https://silveracce365.com/a-silver-miner-etf-that-should-be-considered-despite-the-latest-bmo-price-predictions/ B.MO Capital Markets noted that the Federal Reserve’s recent aggressive stance on the economic recovery could hold silver prices down through the rest of 2021. An improving economy is causing the central bank to view 2022 as the year to raise interest rates. The Fed plans to reduce its stimulus measures as the economy continues […]]]>

B.MO Capital Markets noted that the Federal Reserve’s recent aggressive stance on the economic recovery could hold silver prices down through the rest of 2021.

An improving economy is causing the central bank to view 2022 as the year to raise interest rates. The Fed plans to reduce its stimulus measures as the economy continues to recover from the effects of the ongoing pandemic.

“As inflation drifts down value chains, various central banks have either begun to abandon expansionary monetary policies, or at least to take this path news. “While negative real returns should prevent a rapid shift of macro assets away from commodities, caution is warranted with precious metals until the rejuvenation has taken place.”

However, that shouldn’t deter investors from continuing to play with ETFs like silver Global X Silver Miners ETF (SIL). SIL strives to deliver investment results that are generally in line with the price and return performance of the Solactive Global Silver Miners Total Return Index before fees and expenses.

If consumer prices start to rise, silver can potentially serve as an ideal inflation hedge despite the current price weakness. This only opens up opportunities for investors to buy silver when there is a dip.

Overall, SIL offers investors:

  • Targeted engagement: SIL is a targeted game in silver mining.
  • ETF Efficiency: In a single trade, SIL provides efficient access to a basket of companies involved in silver mining.

Silver still has long-term potential

In addition, the BMO analysts still see silver as a viable option in the long term. The precious metal can be used to diversify a portfolio while protecting against inflation.

“We expect that positive investor sentiment regarding the longer-term industrial uses of silver, particularly in connection with the energy transition, will support the price in the short term,” said the analysts.

In addition, compared to its more expensive brethren, gold, silver has a higher utility. This gives silver more flexibility than just serving as a store of value or a safe haven metal.

“Since silver has a very high conductivity, it is used for many technological applications in solar energy and the electric automotive industry,” says Giancarlo Camerana, strategic advisor at QORE Switzerland, a precious metals and investment advisory company.

More news, information and strategies can be found in the thematic investment channel.

Read more at ETFtrends.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.


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Silver Price Prediction – Prices slide higher when the PCE is strong https://silveracce365.com/silver-price-prediction-prices-slide-higher-when-the-pce-is-strong/ https://silveracce365.com/silver-price-prediction-prices-slide-higher-when-the-pce-is-strong/#respond Mon, 04 Oct 2021 21:58:57 +0000 https://silveracce365.com/silver-price-prediction-prices-slide-higher-when-the-pce-is-strong/ Silver prices continued to rally as the dollar slipped. Government bond yields were higher but failed to support the greenback. Gold prices were also higher and contributed to the appreciation of the precious metal complex. Since silver is valued in US dollars, a weaker US currency makes silver cheaper in other currencies. Core inflation continues […]]]>

Silver prices continued to rally as the dollar slipped. Government bond yields were higher but failed to support the greenback. Gold prices were also higher and contributed to the appreciation of the precious metal complex. Since silver is valued in US dollars, a weaker US currency makes silver cheaper in other currencies. Core inflation continues to rise faster than expected

Technical analysis

The silver price continued its rally on Monday. Target support is the June 2020 lows at 16.25. Short term support for the silver price is seen near the recent dip at 04/22. Resistance is seen near the 50-day moving average at 23.68. The short-term momentum has turned positive as the fast stochastics generated a crossover buy signal. The medium-term momentum has turned positive as the MACD (Moving Average Convergence Divergenence) generated a crossover buy signal. It does this when the MACD line (the 12-day moving average minus the 26-day moving average) crosses the MACD signal line (the 9-day moving average of the MACD line).

Core inflation rises

On a headline basis, PCE prices rose 0.4% for the month and 4.3% year-over-year, their highest level since January 1991. This reflected a 24.9% increase in energy prices and a 2.8% increase in food prices % contrary. The Fed’s favored inflation meter rose in September and continued to show strength. The core price index of private consumption expenditure excluding food and energy costs rose by 0.3% over the course of the month and was up 3.6% year-on-year. The monthly gain was slightly higher than the expected 0.2% and higher than the consensus annual forecast of 3.5%.


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Gold prices today at Rs 46,490 per 10g, silver sales at Rs 60,500 per kg https://silveracce365.com/gold-prices-today-at-rs-46490-per-10g-silver-sales-at-rs-60500-per-kg/ https://silveracce365.com/gold-prices-today-at-rs-46490-per-10g-silver-sales-at-rs-60500-per-kg/#respond Mon, 04 Oct 2021 00:30:00 +0000 https://silveracce365.com/gold-prices-today-at-rs-46490-per-10g-silver-sales-at-rs-60500-per-kg/ Gold (24 karat) sells for Rs 46,490 per ten grams in India on Monday, up Rs 10 from yesterday’s trading as fuel prices hit record highs and the central bank’s rate fixing committee meets this week. Silver is selling for 60,500 rupees per kg: unchanged from Sunday trading, according to the Good Returns website. The […]]]>

Gold (24 karat) sells for Rs 46,490 per ten grams in India on Monday, up Rs 10 from yesterday’s trading as fuel prices hit record highs and the central bank’s rate fixing committee meets this week.

Silver is selling for 60,500 rupees per kg: unchanged from Sunday trading, according to the Good Returns website.

The price of gold jewelry varies in India, the second largest consumer of the metal, due to excise duties, government taxes and fees.

In Delhi and Mumbai, 10 grams of 22-carat gold will be sold for 45,560 rupees and 45,490 rupees respectively on Monday. In Chennai, the price is 43,880 rupees, according to the website. In Calcutta the price is Rs 45,870.

In Delhi, 10 grams of 24-karat gold is sold for 49,720 rupees and the price in Mumbai is 46,490 rupees.

In Chennai, 24-karat gold sells for 47,870 rupees. For Calcutta the price is Rs 48,570.

The central bank’s six-member monetary policy committee will meet from October 6-8 and announce its interest rate decision on the final day. The Committee is generally expected to leave the repo rate unchanged.

Gasoline and diesel prices were hiked again on Sunday to push interest rates across the country to new record highs as government officials said oil companies, according to news, have not passed on all of the surge brought on by the surge in the international oil and gas industry Agency PTI is justified for three-year highs.

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“Biggest Crash in World History” hits in October – 3 ways to protect yourself https://silveracce365.com/biggest-crash-in-world-history-hits-in-october-3-ways-to-protect-yourself/ https://silveracce365.com/biggest-crash-in-world-history-hits-in-october-3-ways-to-protect-yourself/#respond Sat, 02 Oct 2021 15:56:00 +0000 https://silveracce365.com/biggest-crash-in-world-history-hits-in-october-3-ways-to-protect-yourself/ Kiyosaki: Biggest Crash In World History Hits In October – 3 Ways To Protect Yourself The impending default by Evergrande – the second largest real estate developer in China – continues to create nervous sentiment in global markets. And “Rich Dad Poor Dad” author Robert Kiyosaki predicts a big crash because of this. “HOUSE of […]]]>

Kiyosaki: Biggest Crash In World History Hits In October – 3 Ways To Protect Yourself

The impending default by Evergrande – the second largest real estate developer in China – continues to create nervous sentiment in global markets.

And “Rich Dad Poor Dad” author Robert Kiyosaki predicts a big crash because of this.

“HOUSE of CARDs is coming down. Real estate crash with the stock market, ”Kiyosaki tweeted last week. “China’s Evergrande Group cannot pay. Valuation of real estate falsified. Will the real estate crash spill over to the US? Yes sir.”

He also told Kitco News on Wednesday that this will be “the biggest crash in world history”.

The good news? Kiyosaki also provided some suggestions on how to prepare for the seemingly inevitable downturn.

He suggested investing in the following three assets – it might be worth dumping some of your change on them.

gold

Bars of pure gold in a bank vault.

Corona Borealis Studio / Shutterstock

This is the simplest recommendation from Kiyosaki. Gold has been the safe haven for centuries.

It cannot be printed out of nowhere like fiat money, and its value is largely unaffected by economic events around the world.

Investors often rush towards gold during times of crisis, so it makes sense to stay one step ahead of the crowd.

Case in point: in the first six months of 2020 – when the stock market took a roller coaster ride due to the COVID-19 pandemic – soaring demand for the yellow metal drove its price from $ 1,509 to $ 1,772 an ounce.

The most straightforward way to play gold is to own gold bars. But that can be difficult and expensive. An easier method is to invest in large gold mining companies.

When the price of gold rises, these miners will generate higher revenues and profits, which is usually reflected in higher stock prices.

For example, companies like Barrick Gold, Newmont, and Freeport-McMoRan typically do well in difficult times for other sectors.

And these days you can create your own doomsday portfolio using just digital nickels and dime.

silver

Investment in pure silver precious metals

MIKE MANIATIS / Shutterstock

It’s also no surprise that Kiyosaki likes silver. Just like gold, silver can be a store of value and a hedge against rising interest rates and inflation.

The gray metal may not seem exciting, but it can be a very effective investment in times of uncertainty. In the past two years, the price of silver has increased by more than 30%.

As expected, silver miners are benefiting from rising silver prices.

Some of the easiest ways to play an impending silver boom are with great miners like Wheaton Precious Metals, Pan American Silver, and Coeur Mining.

However, silver is also widely used as an industrial metal. A downturn in global economic activity could therefore have a negative impact on silver prices.

Bitcoin

Golden coins with bitcoin symbol on a motherboard.

Momentum photographer / shutterstock

Once considered a niche asset, Bitcoin has now entered the mainstream.

You can buy bitcoin directly. But if you don’t like this volatility, you can also invest in companies that are tied to the crypto market.

Tesla, for example, owns around 42,000 bitcoins, according to CEO Elon Musk’s Twitter account. When bitcoin moves, Tesla stocks tend to follow suit.

PayPal is another crypto game. Last October, the company launched a service in the United States that enables users to buy, sell, and hold cryptocurrencies. A similar product was launched for the UK in late August.

And then there’s Nvidia, which is known for its graphics processors. The company’s products are a must-have for serious video gamers, but they are also in high demand with cryptocurrency miners.

On its Q2 earnings call, Nvidia said it has been unable to determine how much of its $ 3 billion in gaming revenue is actually from gamers, not miners.

Of course, these stocks aren’t cheap.

Tesla is trading at $ 776 per share, PayPal at $ 263 and Nvidia at $ 205 per share.

But you can get a slice of these bitcoin games with a popular stock trading app that allows you to buy fractions of stocks with as much money as you want to spend.

The best protection?

As with any other asset, the price of gold, silver and bitcoin can still fall in a market crash.

Kiyosaki even predicted that if the stock market goes down, “it will bring everything”.

If you’re looking for an asset that has little correlation with the ups and downs of the stock market or real estate, there is another one worth considering – U.S. farmland.

Even if the next crash turns out to be the biggest in world history, people will still have to eat.

And over the years, agriculture has been shown to offer higher risk-adjusted returns than either stocks or real estate.

New platforms allow you to invest in US farmland by getting involved in a farm of your choice.

They generate cash income from the lease fees and harvest sales. And of course you also benefit from long-term appreciation.

This article is for information only and is not intended as advice. It is provided without any guarantee.


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Silver Crash makes silver garbage? https://silveracce365.com/silver-crash-makes-silver-garbage/ https://silveracce365.com/silver-crash-makes-silver-garbage/#respond Fri, 01 Oct 2021 21:33:00 +0000 https://silveracce365.com/silver-crash-makes-silver-garbage/ Silver fell a dollar, or over 4%, on Wednesday. Some voices in the precious metal press want you to believe that there is only one possible cause. We should coin a term for this form of logical fallacy: argumentum ad ignorantia. This is an argument of the form: “The cause must be XYZ, I can’t […]]]>

Silver fell a dollar, or over 4%, on Wednesday. Some voices in the precious metal press want you to believe that there is only one possible cause. We should coin a term for this form of logical fallacy: argumentum ad ignorantia. This is an argument of the form: “The cause must be XYZ, I can’t think of anything else.”

Same old song and dance

In this case, XYZ is that the alleged cartel, bullion banks and / or central banks, sold silver futures en masse. In addition, masses allegedly feared for inflation are buying physical gold.

What if the price of futures were pushed down while the price of physicals were pushed up? We’re going to be charitable and say physical just went up a dime. Let’s give a hint:

Basis = future spot (given as an annualized percentage)

So if the future were pushed down a dollar and the spot pushed up a penny, the base would go down. Much. How much? Well, yesterday the price of silver was around $ 22.50. A change of $ 1.01 is about 4.4%. However, this is valid for less than 3 months (for the December contract). Extrapolated to the year it is about four times higher, ie 18%.

If the conspiracy theory were true the base would have decreased by 18%. Not 18 basis points, 1,800 basis points!

Let’s just say … that didn’t happen. Instead, here’s a graph that shows what did happen.

Silver Fundamental Analysis – Silver Basic Analysis

The base has actually sunk. It fell from -0.35% to -0.83%. That is a decrease of -0.48%. 48 basis points. About 2.7 cents.

Think about it.

Put aside claims of selling paper that is half the world’s silver supply in an instant. Just look at the fact above. The spread (future spot) changed by less than three cents.

This drop in prices was definite LED from paper sellers. But people were selling physical metal almost as much.

The market sold paper silver AND physical silver

How much metal sales does it take to push the price of futures down by a dollar? And how much sales does it take to push the price of physical metal down by $ 0.9975?

The market maker is no weather. He does not speculate on the price, let alone on a falling price. He wears silver – buys metal and sells futures short at the same time. Why? To earn the base spread, which is usually positive. That said, this is usually a profitable trade.

If he doesn’t care about price, what does he care?

Spread!

The wider the base spread, the more it jumps into the market. You can see an increase in open interest (in the “Commitment of Traders” report). Commentators often get this wrong by portraying market makers as short sellers that it is benefit to push the price down and / or perk up lose money push the price down.

The market maker creates more contracts when the profit to carry silver increases. That is, when the base rises. And if the base goes down or the co-base even goes positive, an additional profit is made to close the position. That means buying the future and selling the spot. So the open interest is declining.

Spread> Price

This explanation is prosaic. The mechanics are pretty simple, albeit unknown to many retailers. Most retailers care more about price than the seemingly esoteric spread. Our mission in these reports is to demystify the spread (the video is a bit out of date, but what we said was true then and still applies today). It shouldn’t be more esoteric than friction in automotive engineering.

Note, by the way, that our co-base reading for Wednesday is 0.00%. That means there have been many moments when it has been positive. And you can bet that the market makers took advantage of these moments to close their positions.

Kobasis = spot – future

To close a silver carry position, you need to sell the spot and buy futures. If the spot price is above the future, it is profitable – in addition to the profit already made by carrying it. And you can now take this profit with you without having to wait until the delivery month.

The not-so-sexy truth about silver

Prosaic explanations are sometimes less popular than fantastic explanations. People once believed that rags in a damp closet gave birth to rats, that the sun and planets revolve around the earth, and that witches cause infant mortality.

Fortunately, some heroic men risked their lives to tell the truth (back then, heretics could be tortured and killed), and most people no longer believe these things. When was the last time you saw a witch bewitch a baby?

We definitely support buying gold and silver (our business is paying interest on gold and silver so investors can increase their total ounces!). But please be careful if you are buying for the right reasons.

The price will go up, but for other reasons such as a relative shortage of silver in the market. And of course macroeconomic factors.

Owning the dollar looks crazier these days. At least for those who have savings and a choice of how to hold them (unfortunately, debtors have to hold large cash balances, which is one reason the dollar isn’t collapsing).

Monetary Metals does research and fundamental analysis of gold and silver prices that you literally cannot find anywhere else. And all for free! To receive the supply and demand report as soon as it is published, subscribe to our mailing list.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not an invitation to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article assume no responsibility for any loss and / or damage that might arise from the use of this publication.


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Silver price prediction – prices rise as yields fall https://silveracce365.com/silver-price-prediction-prices-rise-as-yields-fall/ https://silveracce365.com/silver-price-prediction-prices-rise-as-yields-fall/#respond Fri, 01 Oct 2021 21:28:48 +0000 https://silveracce365.com/silver-price-prediction-prices-rise-as-yields-fall/ Silver prices continued to rebound as the dollar slid from its six-month high. Government bond yields were lower, which weighed on the greenback. Gold prices were also higher and contributed to the appreciation of the precious metal complex. Since silver is valued in US dollars, a weaker US currency makes silver cheaper in other currencies. […]]]>

Silver prices continued to rebound as the dollar slid from its six-month high. Government bond yields were lower, which weighed on the greenback. Gold prices were also higher and contributed to the appreciation of the precious metal complex. Since silver is valued in US dollars, a weaker US currency makes silver cheaper in other currencies. Despite a stronger than expected ISM manufacturing report, US yields fell.

Technical analysis

The silver price continued to rebound after rising on Thursday. Target support is the June 2020 lows at 16.25. Short-term support for the silver price is seen near the recent dip at 10/22. Resistance is seen near the 50-day moving average at 23.74. The short-term momentum has turned positive as the fast stochastics generated a crossover buy signal. The RSI prints a value of 44 versus 29, which is also an oversold value. The medium-term momentum is flat to neutral as the MACD histogram prints with a rising trajectory in the negative area.

Production is increasing faster than expected

The ISM US manufacturing index rose to 61.1% in September from 59.9% in the previous month. An index of 59.5% was expected. The order intake index remained stable at 66.7% in September. Production decreased by 0.6 percentage points to 59.4%. Employment rose by 1.2% to just above the growth mark of 50.2. The price index rose 1.8 percentage points to 81.2%.


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