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Silver Market Updates

COT Silver Report - May 24, 2024

Positions as of 21 May, 2024

Gold SWOT: Silver Has Soared by Almost a Quarter in 2024, Outpacing Gold

Gold’s record-setting rally may have captured the headlines, but silver is running harder and faster as the less glamorous metal benefits from financial and industrial demand.

Silver Eager to Settle a Score

July Silver broke out on the weekly chart with enough force to imply it will reach a minimum of $37 an ounce. That would represent a 16% move on top of the already impressive 28% gain...

Silver – Breaking through Key Resistance

May 20, 2024

With prices closing around $31.50, the strong resistance zone is already broken. The next target now sits around $35. Above that, the all-time high at $50 would be coming into play.

Technical Scoop: Historical Crisis, Precious Rally, Oily Poise

The breakthrough over $30 was far more than expected and the next targets are $39/$40. The mark had stood at $30.35 since February 2021. Silver closed the past week at $31.26.

Silver Broke $30…Where Do We Go From Here?

Silver's price has taken the spotlight, with the metal hitting over $31 per ounce, marking its highest closing price in over a decade.

COT Silver Report - May 17, 2024

Positions as of 14 May, 2024

Precious Metals SWOT: Solar Industry Drives Silver Demand

The best performing precious metal for last week was silver, up 6.56%, which can be an indicator of speculative interest being revived in the precious metal trade.

COT Silver Report - May 10, 2024

Positions as of 7 May, 2024

Gold Looks Great & Silver Is Superb

All that’s needed now is a big burst of volume, and silver could charge through the $30 resistance zone like a bull era tank driving through a rancid fiat butter wall.

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