http://ww3.silverseek.com/commentaries/rss/7316 Goldseek Commentaries en Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16963 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> At the same time that gold broke out of a coiling pattern to the upside on Friday, silver broke out of a Symmetrical Triangle pattern shown on its 6-month chart below. Volume was lacking on this breakout, however, and the same reservations that apply to the outlook for gold also apply to silver, namely that its COTs look more bearish then bullish, and that Hedgers positions in the dollar index are still calling for it to rally. On the other hand, gold proxy GLD did make a volume breakout on Friday, and what’s good for gold is usually good for silver. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, November 19th</span> </div> </div> </div> <p><span style="color: #000000;">At the same time that gold broke out of a coiling pattern to the upside on Friday, silver broke out of a Symmetrical Triangle pattern shown on its 6-month chart below. Volume was lacking on this breakout, however, and the same reservations that apply to the outlook for gold also apply to silver, namely that its COTs look more bearish then bullish, and that Hedgers positions in the dollar index are still calling for it to rally. On the other hand, gold proxy GLD did make a volume breakout on Friday, and what’s good for gold is usually good for silver.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16963" target="_blank">read more</a></p> Sun, 19 Nov 2017 21:43:44 +0000 Clive Maund 16963 at http://ww3.silverseek.com Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16928 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top that we can see on its latest chart below, within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom that just completed in the dollar index, that we look at in the parallel Gold Market update. With the dollar index having just made a convincing breakout from its Head-and-Shoulders bottom, and looking set to rally to the 97 area, silver looks set to react back, probably to the $15.50 - $16.00 area, before reversing to the upside as the dollar turns lower again. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, October 29th</span> </div> </div> </div> <p><span style="color: #000000;">Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top that we can see on its latest chart below, within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom that just completed in the dollar index, that we look at in the parallel <a href="https://www.clivemaund.com/article.php?id=68"><span style="color: #000000;">Gold Market update</span></a>.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16928" target="_blank">read more</a></p> Sun, 29 Oct 2017 22:08:25 +0000 Clive Maund 16928 at http://ww3.silverseek.com Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16918 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom completing in the dollar index, that we look at in the parallel Good Market update. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, October 22nd</span> </div> </div> </div> <p><span style="color: #000000;">Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom completing in the dollar index, that we look at in the parallel Good Market update. </span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16918" target="_blank">read more</a></p> Sun, 22 Oct 2017 22:09:09 +0000 Clive Maund 16918 at http://ww3.silverseek.com Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16904 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Like gold, silver gapped out of its downtrend last week, but volume was lacking on this move, which, given the now bullish outlook for the dollar, may turn out to be a “pop” that will be followed by renewed decline. This breakout was predicted in the last update, when it was pointed out that silver’s COTs were still far from outright bullish. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, October 15th</span> </div> </div> </div> <p><span style="color: #000000;">Like gold, silver gapped out of its downtrend last week, but volume was lacking on this move, which, given the now bullish outlook for the dollar, may turn out to be a “pop” that will be followed by renewed decline. This breakout was predicted in the last update, when it was pointed out that silver’s COTs were still far from outright bullish. </span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16904" target="_blank">read more</a></p> Mon, 16 Oct 2017 00:46:07 +0000 Clive Maund 16904 at http://ww3.silverseek.com Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16891 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There was more evidence of a turn in silver than gold on Friday, when a more obvious reversal candle appeared on its chart. On the 6-month chart we can see that a long-tailed candle occurred that approximates to a bull hammer where the price closed not far off the day’s highs on the biggest volume for over a month. After its recent reaction this certainly looks like a reversal, especially as the downtrend channel has been converging. The earlier overbought condition has more than fully unwound and the price has dropped back into a zone of support. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, October 8th</span> </div> </div> </div> <p><span style="color: #000000;">The last Silver Market update almost a month ago called the intermediate top within a day, as you may recall, and it has back to the extent predicted in that update.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16891" target="_blank">read more</a></p> Mon, 09 Oct 2017 00:24:36 +0000 Clive Maund 16891 at http://ww3.silverseek.com Silver Market Update http://ww3.silverseek.com/commentary/silver-market-update-16849 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> On its long-term 10-year chart silver superficially looks like it may still be in a bearmarket, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is tilted compared to the similar pattern that is completing in gold, because silver tends to underperform gold at the end of bearmarkets and the beginning of bullmarkets. As we can see, unlike gold, it is still some way from breaking out of this base pattern, but should do so not long after the dollar breaks down from its Broadening Top, that we look at in the parallel Gold Market update. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, September 10th</span> </div> </div> </div> <p><span style="color: #000000;">On its long-term 10-year chart silver superficially looks like it may still be in a bearmarket, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is tilted compared to the similar pattern that is completing in gold, because silver tends to underperform gold at the end of bearmarkets and the beginning of bullmarkets.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-16849" target="_blank">read more</a></p> Sun, 10 Sep 2017 21:55:53 +0000 Clive Maund 16849 at http://ww3.silverseek.com Silver Market Update - Looking Bullish http://ww3.silverseek.com/commentary/silver-market-update-looking-bullish-16841 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The long base pattern in silver continues with positive price / volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bearmarkets and early in bullmarkets. The volume buildup of recent months is bullish, especially as it has driven volume indicators sharply higher, with the On-balance Volume line having rather incredibly made new highs this year, which is viewed as a very bullish omen. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, September 3rd</span> </div> </div> </div> <p><span style="color: #000000;">The long base pattern in silver continues with positive price / volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bearmarkets and early in bullmarkets.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-looking-bullish-16841" target="_blank">read more</a></p> Sun, 03 Sep 2017 20:11:03 +0000 Clive Maund 16841 at http://ww3.silverseek.com SILVER GREEN ALERT - ONE OF THE BEST BUYING OPPORTUNITIES FOR YEARS... http://ww3.silverseek.com/commentary/silver-green-alert-one-best-buying-opportunities-years-16769 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, July 23rd</span> </div> </div> </div> <p><span style="color: #000000;">There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-green-alert-one-best-buying-opportunities-years-16769" target="_blank">read more</a></p> Mon, 24 Jul 2017 02:12:58 +0000 Clive Maund 16769 at http://ww3.silverseek.com Silver Market Update - Reversal Day on Friday http://ww3.silverseek.com/commentary/silver-market-update-reversal-day-friday-16730 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> June is silver’s worst month of the year by far, on a seasonal basis, and its price dropped significantly this June. However, we are now well into July, and July is seasonally silver’s 2nd best month of the year, and as the month got off to a bad start, it is reasonable to expect things to look up, especially as silver put in what looks like a high volume Reversal Day on Friday, when it broke down below support but then got back above it later in the day. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, July 10th</span> </div> </div> </div> <p><span style="color: #000000;">June is silver’s worst month of the year by far, on a seasonal basis, and its price dropped significantly this June. However, we are now well into July, and July is seasonally silver’s 2nd best month of the year, and as the month got off to a bad start, it is reasonable to expect things to look up, especially as silver put in what looks like a high volume Reversal Day on Friday, when it broke down below support but then got back above it later in the day. </span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-reversal-day-friday-16730" target="_blank">read more</a></p> Mon, 10 Jul 2017 16:31:40 +0000 Clive Maund 16730 at http://ww3.silverseek.com Silver Market Update - Big Trouble Ahead? http://ww3.silverseek.com/commentary/silver-market-update-big-trouble-ahead-16478 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Now, you might think, like so many traders did on Friday morning, that with Cruise Missiles flying around the Mid-East, the outlook for the Precious Metals couldn’t be better, but the charts are saying that this is an opportunity – on the short side – dressed up in a crisis that will soon ease. Action in silver on Friday was very bearish as we can see on its 6-month chart below – it tried to break higher in the morning but the breakout attempt failed and it dropped back, zig-zagging around and leaving behind a high volume “Spinning Top” candlestick on its chart, so that it looks like it is about to break down from a Double Top with its highs of late February. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, April 9th</span> </div> </div> </div> <p><span style="color: #000000;">Silver’s latest charts show that it is set up for a potentially severe decline, a situation that is aggravated by its latest COTs and Hedgers charts showing record extreme readings, which mean <strong>BIG TROUBLE</strong> for silver.</span></p><p><a href="http://ww3.silverseek.com/commentary/silver-market-update-big-trouble-ahead-16478" target="_blank">read more</a></p> Sun, 09 Apr 2017 15:10:23 +0000 Clive Maund 16478 at http://ww3.silverseek.com