
Silver Price Prediction – Silver Markets Recover Following Initial Decline
Tuesday’s trading session began with a decline in silver prices, but the market has since shown signs of life again.
Tuesday’s trading session began with a decline in silver prices, but the market has since shown signs of life again.
Tuesday’s trading session witnessed a little natural gas market rally, as we were somewhat oversold to the negative.
Tuesday’s trading on the gold markets continues to be quite turbulent, as there is a great deal of volatility on all markets around the world.
Gold initially surged higher and so displayed signals of strength, but the $1680 barrier remains significant.
The crude oil market fluctuated during Monday’s trading session, as we continue to observe a great deal of irrational activity.
WTI oil retreated to $84.50 per barrel. Gold fell below $1650 per ounce. After the recent decline, traders took some profits off the table and the price of natural gas rose. Precious metals fell as Treasury yields increased. Copper retreated following an abortive attempt to settle over $3.50.
Gold markets originally declined during Friday’s trading session, but the Bank of Japan’s decision to sell US dollars had a domino effect on the precious metals market.
The silver market has rebounded this week from the important $18 level, which continues to provide considerable support.
Crude oil prices have fluctuated throughout the week, which is not surprising given the number of macroeconomic events occurring simultaneously.
The gold markets fluctuated somewhat throughout Friday’s trading session, as we desperately cling to the most recent bottom. At this time, a slight rebound is possible, but the market is still quite bearish.