Commodities

Silver finally breaks 200-day average

Silver has been trying to break out above its 200-day moving average on several occasions in recent months, and after several attempts it looks like the bulls are finally managing that today: Silver still needs to close above the 200 MA for confirmation, but given gold’s earlier breakout, and rising risk aversion in the markets,

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Gold and silver defending key support levels

Following last week’s big sell-off, gold and silver have both managed to cling on to their respective key support levels as investors weigh conflicting macro factors. With the recent rebound in bond yields, the outlook on the metals have become a little uncertain, but I am still of the view that both will rise further

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Gold testing KEY support

Will it hold or fold? Gold and silver have dropped sharply today as investors chose to put their money in the racier equity markets instead, owing to speculation that a Democratic sweep in the Senate could usher in further fiscal support for the economy. The dollar rebounded and yields rose, causing non-yielding precious metals to

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[Video] Gold set for breakout above $1920?

Following several failed attempts, gold looked set to break and (hopefully this time) hold above that long-term and pivotal level of $1920/1. In this video, I have provided my latest thoughts on gold, silver and the dollar index, and given some insights in how I manage trades. There’s something to learn from this video, even

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