News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Brent Crude Oil Closes in on $90 per Barrel
Brent Crude Oil Closes in on $90 per Barrel
***
US and British Embassy Staff Begin Leaving Ukraine as Tensions Mount
US and British Embassy Staff Begin Leaving Ukraine as Tensions Mount
***
US CPI Increases to 7% Year-on-Year in December; Up from 6.8% Year-on-Year in November
US CPI Increases to 7% Year-on-Year in December; Up from 6.8% Year-on-Year in November
***
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our market report service:
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Backs off after a Strong Rally

May 19, 2021 - (Gold Market Wire) - Somewhat unsurprisingly, especially after yesterday's action, Silver has back off from recent highs. The market saw some fairly serious vertical action, which did not hold, and that is usually followed by a sell off, which is what just what we are getting.

...Silver sitting on our recent downtrend

Yesterday's spiking high and negative close was the warning that the sell-off was coming. But that, of course, is providing opportunity in a generally bullish scenario, and we are minded to take it, buying small for the trading book at these levels. We are aware that we could make it all the way to the trend line, but at minus 1.5% on the day, risk/reward is favorable. The market is still bullish and we look at these pullbacks as places to add length.

< Previous articleHome pageNext article >
<- Go Back