Tag «silver»

Silver Spot-Above $21.93 level ,Rally to Continue !

   Above is Daily Chart of SILVER SPOT Now Broken handle of $ 22…Now ,Above $21.9362 level if able to sustain and closes above this level for 3 CONSECUTIVE Days………………………. Next Target is 23.17 ,23.59 level !!….On Daily chart Looking Overbought ,But Weekly chart looking FIERY only. Gold Spot-Rally upto $1363-1378 is possible Above is …

Silver Report: Umesh Shanmugam

Silver is a volatile beast, a scabby snake.It moves like a sidewinder on Adderall — that is, silver won’t flow in a straight line, but it is laser focused on where it has to go.And it’s going up. The last major bull market for silver (prior to 2010, that is) was the 1970s.In the decade of …

Precious Metals Report : Umesh Shanmugam

Precious metals continue to under-perform the broad market. This year’s heavy volume breakdown below key support has many investors and trader’s spooked creating to a steady stream of selling pressure for gold and silver and bullion stocks. While the technical charts are telling me prices are trying to bottom we must be willing to wait …

SILVER UPDATE – Umesh Shanmugam

The $26 level has acted as silver’s support for over two years now. And after a 10% slide over the past three weeks, including Friday’s 6% drop, we’re once again challenging this all-important line in the sand. Will $26 hold this time? Maybe not… yet I remain a long-term silver bull and see lower prices …

Industrial Uses Forecast to Boost Demand for Silver

(Washington, D.C. – March 14, 2013) – Industrial demand for silver has increased substantially over the past two decades and is expected to soar to a new record level in the coming year. Speaking last week at the annual Prospectors & Developers Association of Canada convention in Toronto, Michael DiRienzo, Executive Director of the Silver …

Silver Institute Releases Report on Silver Industrial Demand

REPORT FEATURES OUTLOOK FOR MAJOR SILVER FABRICATING AND SILVER INDUSTRIAL MARKETS (Washington, D.C. – November 20, 2012) – The Silver Institute today released a  report, the Outlook for Silver Industrial Demand,  that examines the current and future outlook for global industrial silver demand.  The 14-page report features an economic outlook, as well as current and …