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Category: Precious metals News

  • Silver fall amid expectations reduce monetary stimulus program

    Silver fall amid expectations reduce monetary stimulus program

    Silver fall amid expectations reduce monetary stimulus program

    Silver Futures fell by 2% to record the lowest price in three weeks on Thursday, amid ongoing expectations that the Fed will decide next week to reduce the asset purchase program .

    Tracks the movements in the price of silver this year , largely transform expectations about whether the U.S. central bank bond-buying program will end sooner than expected.

    On the Comex division of the New York Mercantile Exchange , traded silver futures for December delivery at $ .22.71 per troy ounce during European morning trade , shedding 2%. In December contract settled up 0.68 % to close at 23.17 . Dollars per ounce on Wednesday.

    Silver prices fell by 2.35 % earlier to reach the lowest price in the session at .22.63 .. dollars an ounce , the lowest price since August 22.

    Was likely to find support at 22.45 silver dollars an ounce , the lowest price since August 22 and resistance at $ 24.13 per ounce, the highest price since . N September 8.
    Market participants awaited weekly data on initial jobless claims in the U.S. later in the session for clues on the strength of the economic recovery.

    Silver traders awaited U.S. data recently to measure if it will lead to the strengthening or weakening the case for the Fed to reduce bond purchases.

    He is scheduled to meet on 17-18 September Bank to review the economy and central bank policy assessment .

    The stimulus program is the Fed by many investors as a key driver in the increase in commodity prices because it tends to reduce the value of the dollar .

    Elsewhere on the Comex , gold fell for December delivery rose 1.55 . % To trade at 1 , 342.30 dollars per ounce . , The lowest level since Aug. 15.

    Losses accelerated after gold prices break below the 100 level j . 1,356 – dollars an ounce , triggering a wave of automatic sell orders amid bearish chart signals .

  • Silver continues to decline with Gold

    Silver continues to decline with Gold

    Silver continues to decline with Gold

    Broken silver neckline top model head and shoulders of others is perfect, as it is displayed on the chart for four hours above, further price moves below the levels falling earlier at levels of 23.06 should be given a fraction more emphasis, targeting key support levels initial at 22:30. 23.60 levels should limit the heights of the bearish tendency remains.

    Support 23.05 22.85 22.45 22.30 22.00

    Resistance 23.60 24.00 24.40 24.85 25.00

    Recommendations : Selling silver below 23.40 targeting 23.05 and 22.30, and the Champions scenario above 23.90 might be appropriate.

  • Silver rises to highest price amid political tensions in Syria

    Silver rises to highest price amid political tensions in Syria

    Silver rises to highest price amid political tensions in Syria

    Silver futures rose to the highest price since April to April on Wednesday, where operations continued safe-haven buying amid escalating geopolitical tensions between the United States and Syria -.

    On Comex of the New York Mercantile Exchange, rose Silver futures for December delivery hit $ 24.85 a troy ounce during European morning trade, gaining 0.6%.

    The contract settled in December fell 2.7% to close at 24.70 dollars per ounce on Tuesday.

    Rose silver futures rose 1.8% earlier in the session to reach its highest daily rate of $ 25.16 an ounce, the highest price since April 15 – April.

    Silver prices rose by 27% since it reached its lowest rate in three years to hit 18.19 dollars per ounce on June 28 ..

    Was likely to find support at 23.95 silver dollars an ounce, the lowest price since August 26, to hit $ 26.03 per ounce, the highest price since April 15 ..

    Expectations grew for a military strike against Syria after it said U.S. Defense Secretary Chuck Hagel Tuesday that U.S. forces are “ready” to launch attacks if President Barack Obama decided to launch an attack.

    U.S. Secretary of State John Kerry said on Monday there was evidence of “undeniable” that the Syrian government has used chemical weapons against civilians.

    The investors often buy gold as a safe haven against political uncertainty.

    Fell concerns about the timing of the reduction of bond-buying program from the Fed after data showed on Tuesday that consumer confidence in the U.S. rose more than expected in August, reaching the highest level since January 2008
    The Conference Board said its index rose to consumer confidence to 81.5 in August from an upwardly revised 81.0 in July. Analysts had expected the index to tick down to 79.0.

    The data came after a report showed on Monday that orders for durable goods in the United States T fell 7.3% in July, worse than expectations for a decline of 4%. This was the largest decline since August 2012.

    Silver traders awaited U.S. data reports recently to measure if it will lead to the strengthening or weakening the case for the Fed to reduce bond purchases.

  • Silver between losses and gains amid uncertainty of the stimulus program

    Silver between losses and gains amid uncertainty of the stimulus program

    Silver between losses and gains amid uncertainty of the stimulus program

    Fluctuated silver futures between gains and losses on Wednesday, amid ongoing uncertainty over how long Fed governor on the pace of asset purchases.

    Tracks the movements in the price of silver this year, largely transform expectations about whether the U.S. central bank bond-buying program will end sooner than expected.

    On the Comex division of the New York Mercantile Exchange, traded silver futures for September delivery at 21.36 dollars per ounce during European morning trade, gaining 0.1%.

    Traded silver futures silver futures in a range between 21.26 dollars per ounce, the lowest price for the day and the session high at 21.54 dollars per ounce

    Was likely to find support silver at $ 20.62 an ounce, the lowest price since August 12 and resistance at $ 21.74 per ounce, the highest price Tuesday, the highest price since June 18 ..

    Remained the contract in September was unchanged at 21.34 dollars per ounce on Tuesday after the reinforced U.S. retail sales on Tuesday expressed the view that the economic recovery is strong enough for the Fed to start phasing out of the asset-purchase program of $ 85 billion later this year.

    The Commerce Department said that retail sales rose for the fourth consecutive month in July, by 0.2%, while core retail sales rose, which exclude automobile sales, the fastest pace in seven months, by 0.5%.

    Investors awaited U.S. data reports recently to measure if it will lead to the strengthening or weakening the case for the Fed to reduce bond purchases.

    Was likely to reinforce the view that the central bank will begin to reduce the bond-buying program later this year.

    The head of the Bank of Atlanta, Dennis Lockhart Tuesday it was still too early to detailed action plans to reduce the stimulus program, but he did not rule out the possibility that starting next month.

    Silver prices fell on track by 33% for the year, amid fears that the U.S. central bank will begin to reduce its bond-buying program in the coming months.

    Elsewhere on the Comex, gold for December delivery rose 0.2% to trade at $ 1 323.20 an ounce, while copper rose for the month of September 0.15% to trade at $ 3.322 a pound.

    In the euro area, according to preliminary data released Wednesday that France’s economy expanded 0.5% in the three months to June, after two consecutive quarters of contraction. Economists had expected growth of 0.2% on a quarterly basis.

    A separate report showed that the German economy grew by 0.7% after growing 0.1% in the first quarter. Economists had expected growth of 0.6% on a quarterly basis.

    Later on Brussels will publish preliminary data on GDP for the euro zone trading, amid expectations that the report will show a modest return to growth
    Europe is considered as a third in the ranking in terms of global demand for the industrial metal.

  • Silver continues to climb for a second day as US $ fell and Chinese data supporting

    Silver continues to climb for a second day as US $ fell and Chinese data supporting

    Silver continues to climb for a second day as US $ fell and Chinese data supporting

    Silver escalated on Monday at the start of trading week for the second consecutive day, comes this rise with the decline in the U.S. dollar battered in a state of weakness since Friday in the wake of the jobs report negative, which increased the chances of keeping the Feds on a program of monetary stimulus without modification during the coming period,Hmao data supports the rally of the indicators of increased Chinese recovery Chinay economy’s largest consumer of metals in the world.

    silver ended Friday’s session on the rise by 1.5 percent and that it had ended the last week on a slight decline, contributed to this rise a negative report on U.S. jobs.

    Decreased jobs Non-Farm Payrolls in the United States for the month of July by 26 thousand jobs for up to 162 thousand jobs Least pace of growth in the last four months, less than expected, which indicated to 184 thousand, less the previous reading revised from 199 thousand to 188 thousand.

    Poured this statement in favor of expectations, which refers to the continuation of the same Federal monetary stimulus program, estimated at 85 billion U.S. dollars, the bank may bind to shrink and pull the program improvement in the performance of the private economy improved labor sector.

    Chinese data showed that the services sector grew after a rebound orders new business after several years-long decline in a rare sign of flexibility, shone Services PMI for the month of July rising to 54.1 better than the previous reading which recorded 53.9.

    Silver is trading at 08:43 GMT, GMT around $ 19.93 an ounce after recording the highest price of $ 20.00 and a low price of $ 19.82.

  • Weekly report about precious metals

    Weekly report about precious metals

    Weekly report about precious metals

    Gold Keep for the fourth consecutive week For the fourth consecutive week – its gains to settle above the $ 1,300 and ended the month of July on gains for the first time since last March and be ounce at a distance of 11 percent of the lowest price achieved on June 28 last year and ended the Stock Exchange New York Nyumks Exchange trading week at the level of   $ 1311 / ounce to prove dramatically the direction of the curve prices in the coming period to the upside and helped gold to remain steadfast upward pressure on the dollar and shift some liquidity away from investments denominated in dollars and increased the suffering of the weak dollar results of labor market data the U.S.

    last Friday, where the failed unemployment positive 7.4 percent in the improving U.S. labor market and support the recovery of the economy due to data negative report job creation which achieved 162 thousand jobs were expected 186 000 job and it was natural that we find ounce gold tends to rise in light of previous data and the picture is completely different to trading gold on Thursday, where there was a state of pessimism and abandoned by many investors for the yellow metal and hurried everyone for sale and profit-taking and landed ounce to the lowest level it Friday morning at 1283 dollars and we expect a further drop towards $ 1250, but the yellow metal returned to glamor to climb in the minutes of the afternoon of Friday, more than $ 30 with strong buy waves returned to gold barricaded themselves against a weak dollar.

    Economic data showed last week, both the European Central or Central British that the stimulus policies are still going on and think about the change in interest rates become difficult addressed to him and everybody adheres to support   economic activity may be a gold key factor in the financial markets during the month of August and September to rebalance liquidity of markets and bet-oriented investment and trading funds increase of gold and silver with a high probability of the return of central banks to raise their reserves of gold.

    Stability ounce gold above the level of 1320 dollars might open the door to dramatically deliberately resistors new went off in 1345 dollars, 1365 dollars and 1405 dollars which plants close in the face of rising demand Aini on gold from East Asian countries and markets jewelery, especially with the improvement of the results of the Chinese economy’s largest market for gold .

    Silver continued to trade around $ 20 and affected Bjtmaa European Central on Thursday fell to its lowest level at 19.34 dollars due to sales and profit-taking and returned strongly with the end of the last day of the rise above the level of $ 20 and closed the week of at 19.91 U.S. dollars to maintain the gains of the past few weeks and end the month July at the level of the best of the last month and bet on silver rises above the rest of the precious metals and most of the speculative operations acquired by silver due to unit   in the recent period and higher industrial demand in the coming days will be supported by the rise of silver toward the $ 22 level.

    The rest of the precious metals have maintained their levels may not be there is little difference between the closing price and the opening price and proven platinum at 1447 dollars per ounce, up $ 7 from the opening price and similarly palladium closed at $ 731, two dollars higher than the opening price.

    Local markets continued to  despite rising prices and markets witnessed goldsmiths rise in demand for shots 21 shots 18 as continued demand for small bars of all sizes with the lira and   seemed much more interested in high prices as much attention to increase purchases because everyone realizes that this period is the best stages purchase price and no matter how they have changed disproportionately low compared to previous years and expectations of future periods.

  • Silver down to its lowest price today

    Silver down to its lowest price today

    Silver down to its lowest price

    Silver futures fell for on Thursday, where the U.S. dollar index rebounded from the lowest price in six weeks during the previous session.

    Losses were limited for silver after failing to give any indications from the Fed about the possibility of reducing the bond-buying program in the near term
    Tracks the movements in the price of silver this year, largely on expectations of whether the U.S. central bank bond-buying program will end sooner than expected.

    On the Comex division of the New York Mercantile Exchange, traded silver futures for September delivery to reach 19.55 dollars per ounce during European morning trade, shedding 0.4%.

    Was likely to find support at 19.36 silver dollars per ounce, the lowest price on Wednesday, and resistance at 20.18, dollars, the highest price since July 29.

    Silver prices struggled upside down because of the strength of the U.S. dollar a little bit, and become dollar-priced commodities more expensive for investors holding other currencies when the dollar gains.

    The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.5% to trade at 82.16.

    On Wednesday, the index fell to 81.48, the lowest level since June 20 after failing to give the Fed any indication about the bond-buying program of $ 85 billion.
    Market participants awaited data on U.S. non-farm payrolls on Friday for clues on the progress of the process of economic recovery in the labor market recovery in the United States.

    The contract settled in September, down by 0.25% to close at 19.62 dollars per ounce on Wednesday after official data showed that the U.S. economy grew more than expected in the second quarter of 2012.

    The Commerce Department said that GDP grew at a seasonally adjusted annual rate of 1.7% in the three months to June, while the outlook for the growth of 1%.

    The GDP data strongly after the company said employment in the private sector that the rate of non-agricultural employment grew by a seasonally adjusted 200,000 in the July-July, more than expected increase of 180,000.

    Was likely to reinforce the view that the Fed will reduce the bond-buying program in the coming months if there is no improvement in the U.S. economy.
    Silver prices fell on track by 34% on an annual basis, amid speculation that the Fed will reduce the bond-buying program in the coming months.

    Elsewhere on the Comex, gold rose for December delivery rose 0.4% to trade at $ 1 317.85 an ounce, while copper for September delivery rose 0.6% to trade at  $3.137  .

    Earlier in the day, a government report showed that manufacturing PMI in China “unexpectedly rose to 50.3 in July from 50.1 in June.

    Above 50.0 indicates industry expansion, and less than that indicates contraction.

    However, official data differed from the final reading of the index HSBC PMI for China, which reached its lowest level in 11 months, from 47.7 in July.

    China is the largest consumer of copper in the world, which represents almost 40% of world consumption last year.

  • Silver fall after a significant rise on the previous day

    Silver fall after a significant rise on the previous day

    Silver fall after a significant rise on the previous day

    Silver futures Fell on Tuesday, as investors cashed out of the market to take profits after the big rally on Monday, which led to a rise in prices to the highest price in five weeks.

    Sentiment remained supported amid concerns about the possible timing of the Federal Council to ease monetary stimulus program in the near future.

    Tracks the movements in the price of silver this year, largely transform expectations about whether the U.S. central bank bond-buying program will end sooner than expected.

    On the Comex division of the New York Mercantile Exchange, traded silver futures for September delivery at 20.29 dollars per ounce during European morning trade, shedding 1% on the day.

    Silver prices fell in the COMEX by up to 1.4% earlier in the session to reach the lowest price for the day at 20.21 dollars per ounce.

    Was likely to find support at 19.29 silver dollars an ounce, the lowest price since July 19 and resistance at 21.23 dollars per ounce, the highest price since June 20 ..

    Silver rose more than 3 percent on Monday to a record 20.57 dollars per ounce, the highest price since 20 June to June with the decline in the U.S. dollar is widely after data showed that existing home sales in the U.S. fell unexpectedly in June to June.

    He said Federal Reserve Chairman Ben Bernanke last week that the pace of bond purchases would depend on the health of the U.S. economy.

    I was feeling upbeat on precious metals ever since remarks Federal Reserve Chairman Ben Bernanke last week that reduced concerns about the possibility of reducing the Bank bond-buying program soon

    Bernanke said that the pace of buying bonds of the central bank is the record of her advance. ”

    The head of the Fed that the central bank will continue to maintain its accommodative monetary policy in the foreseeable future.

    Silver prices fell on track by 34% on an annual basis, amid speculation that the Fed will reduce the bond-buying program in the coming months.

    Elsewhere on the Comex, gold fell for August delivery rose 0.4% to trade at $ 1 330.65 an ounce, while the decline in copper for September delivery rose 0.6% to trade at $ 3.167

  • Precious metals trading at highest levels today

    Precious metals trading at highest levels today

    Precious metals trading at highest levels today

    Gold offers Night period the appellant serious upside target area 1320.00 (resistance). Gold may continue to rise, but there is a basic resistance when moving average 50-day closure of nearly 1338.00 where you might may face renewed selling pressure from the core area. In the case of penetration resistance 1338.00 has beckons this reversal to the upside. At present, gold is trading at $ 1327.20 an ounce.

    Silver fell expectations remain

    In spite of the jump made by the price of silver but it is still negative technically this despite exceeded silver for horizontal resistance area at 20.10-20.30 recently. Therefore, the downward trend still exists and can not be ruled out unless enables trading on the price of silver exceeded the level 20.20. This was the price of silver 20.39 dollars per ounce during the U.S. trading session.

    Corrective movement is about to happen

    Record crude oil West Texas 109.25 level last Friday, but he suffered a sharp decline, as witnessed turbulent sharply. It seems RSI negative while price managed to test resistance at 161.8 point about the psychological level of 110.00. In this sense, it is likely to witness a price bearish corrective movement this week. At present, an estimated crude oil price of $ 109.63 a barrel on Monday.

  • Silver down ahead of Bernanke’s testimony

    Silver down ahead of Bernanke’s testimony

    Silver down ahead of Bernanke's testimony

    Silver Futures fell for in the trade confined to a narrow range Tuesday as investors awaited testimony Federal Reserve Chairman Ben Bernanke for more clues at the Central Bank, which may slow or stop buying bonds.

    On the Comex division of the New York Mercantile Exchange, traded silver futures for September delivery traded at 19.79 dollars per ounce during European morning trade, shedding 0.25% on the day.

    In COMEX silver prices traded in a range between 19.66 $, the lowest price for the day and the session high at $ 19.93 an ounce ..

    Was likely to find support silver at $ 18.98 an ounce, the lowest price in the period of July 10 and resistance at 20.24 dollars per ounce, the highest price since July 11.

    Markets were nervous ahead of Bernanke’s testimony on monetary policy amid speculation about the timing of the likely reduction in برنامد evil bonds of 85 billion dollars =

    Silver prices rose 5.2% last week after Bernanke said the Fed will continue to maintain accommodative monetary policy in the foreseeable future.

    Investors awaited the release of the U.S. on inflation in consumer prices and industrial production report later the same day.

    Data showed on Monday that retail sales in the U.S. rose less-than-expected June fueling fears of a slowdown in the economic recovery.

    The Commerce Department said that U.S. retail sales rose 0.4% in June, slowing from a 0.5% increase in May violation expectations for a 0.8% increase.

    However, a separate report showed that the Empire State Manufacturing Index rose to its highest level in five months, from 9.5 in July to July from 7.8 in June. Economists had expected a reading of 5.0.

    Any improvement in U.S. economic activity reduced expectations for further easing, and strengthen the dollar and weighing on oil.

    Silver prices are on track and fell by 33% on an annual basis, amid speculation the bank Allen will reduce bond Br.s.hra in the coming months.

    Tracks the movements in the price of silver this year, largely transform expectations about whether the U.S. central bank bond-buying program will end sooner than expected.

    Elsewhere on the Comex, gold has been changed slightly for August delivery trading at 1, 283.55 dollars per ounce while Copper for September delivery fell 0.3% to trade at $ 3.154 a pound.