When commentating on silver prices, silver bugs, including us are quick to point out that silver has two properties and therefore serves two purposes, both as a form of money and as an industrial metal with many applications. These two properties are fondly referred to as good reasons to own silver and its associated stocks (read more…)

Taking a quick look at the chart we can see that Silver prices took it on the chin today dropping $1.11 or 6.78%. The RSI has dropped below the ‘30′ level suggesting that silver is oversold and this is a level that we have not seen for over a year (read more…)

Life in the precious metals arena is aptly demonstrated by the above chart where we can see the dramatic oscillations of Silver Standard Resources Incorporated (SSRI) from overbought to oversold almost on a monthly basis (read more…)

With the overwhelming popularity of SLV as a physical silver bullion exchange traded fund and other precious metal ETFs and ETNs, another fund has set up which provides a similar function, albeit with one key difference.

Back in September, ETF Securities launched SIVR, a physical silver ETF like SLV except the silver is stored in vaults in Switzerland, unlike SLV where the gold is in the USA (read more…)

As the chart above shows silver prices have made steady progress since July 2009. The RSI is still below the ‘70′ level so has some room to accommodate further gains in silver prices. A golden crossover on the MACD is a positive sign for silver. The gap between silver prices and the 200dma is cause for concern so we need to keep an eye on it, as it equates to around a 27% increase over the moving average (read more…)

As we can see from the above chart the dollar continues to suffer and is struggling to retain its self respect let alone its value. Today the US Dollar dipped momentarily below the ‘75′ level. We now need to watch the ‘72′ mark as it must hold in order to stop the dollar going into free fall (read more…)

Having flirted briefly with the $18.00/oz level silver is now taking a well earned breather. Although the demand for silver differs from gold the influence of gold is still enormous. However, gold has broken through to record territory and is currently engaged in an inverse battle with the once almighty dollar, so indirectly silver is also a dollar ‘play’ (read more…)

Tom Jeffries of HoweStreet.com Interviews David Morgan of Silver-Investor.com.

Tom Jeffries: David Morgan is editor and publisher of The Morgan Report. Full disclosure: it is my favorite publication. David is one of the leading experts on silver in the world. The Web site is silver-investor.com. You get all the details about The Morgan Report (read more…)

As we can see from the above chart silver prices have been powering ahead from sub nine dollars in November 2008 to sixteen dollars today. The current breather is a good thing for silver as it reduces the gap between silver prices and the 200dma.

You might it strange that we welcome this breather but we see it as all part of building a stronger footing on which to advance in a more orderly manner (read more…)

Chart courtesy of Stockcharts

In the last update back in June we wrote that July and August could present us with a dip which should be used as an opportunity to acquire a few more of your favorite shares, as we still anticipate that both gold and silver prices will set new records before this year is out. Well September has now ushered in a massive surge in silver prices. July saw silver trade at sub $13.00/oz and yesterday silver closed at $17.40 registering a gain of around 34%. As we can see from the above chart the technical indicators are banging their heads against the ceiling which is a bit of a worry, however, both the 50dma and 200dma are heading north in parallel which is a positive sign (read more…)