Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Silver Portfolio Update: 08 May 2007 | Main | Silver Wheaton: Good Results »

Silver Prices set to rise higher

Silver Prices set to rise higher

Technically speaking, it looks as if silver prices are preparing for a move higher next week.

The STO for silver prices has hit the bottom of the chart and bounced off slightly, indicating a move to the upside is due in the short term.

On Friday silver prices went above their 50dma and this of course is a positive thing as over the last few trading session, silver prices have been stuck under the 50dma, now they have risen above it, we should be in for a small rally.

Gold prices rose up nearly $15 (2.22%) over the last two days, rising $5.50 (0.8%) on Friday. However silver prices were only up 20 cents over the same period, around 1.5% suggesting they should move slightly higher to catch up with the gains that gold made, provided gold prices maintain those gains when trading starts again this week.

All in all silver prices are looking good in the short term and of course in the long term the fundamentals are still all in place for silver prices to rise significantly over the coming months and years.

PrintView Printer Friendly Version

EmailEmail Article to Friend

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    [...]Silver Prices - Silver Prices - Silver Prices set to rise higher[...]

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>