Thursday 7 July 2011
Posted by
Admin Hijrah Dinar
Posted by Brittany Stepniak - Wednesday, July 6th, 2011
The short-term trend for silver has switched back to positive, for now. The metal has outperformed gold in recent trading sessions. So far in July silver has gained $2.22 per ounce. Over the next few weeks, prices are expected to fluctuate between $32.00 and $39.00.
Today, July 6, silver ended with gains on account of the EU debt crisis. Silver prices surged by almost 5% yesterday and tacked on another 1% today at $35.42 per ounce. On the Comex, December delivery silver traded with an added $0.67 at $36.10 per ounce.
Silver outperformed gold again today as the gold/silver ratio fell to 42.78.
Kitco News speculates:
For more, watch this detailed silver analysis video, paying attention to recent trends, to get an idea of what to look for in upcoming days and weeks.
The short-term trend for silver has switched back to positive, for now. The metal has outperformed gold in recent trading sessions. So far in July silver has gained $2.22 per ounce. Over the next few weeks, prices are expected to fluctuate between $32.00 and $39.00.
Today, July 6, silver ended with gains on account of the EU debt crisis. Silver prices surged by almost 5% yesterday and tacked on another 1% today at $35.42 per ounce. On the Comex, December delivery silver traded with an added $0.67 at $36.10 per ounce.
Silver outperformed gold again today as the gold/silver ratio fell to 42.78.
Kitco News speculates:
The Portugal debt downgrade and overall
EU debt crisis situation supported the dollar index as it pressured the
Euro currency. The U.S. dollar index remains in an overall technically
bearish posture, which is an underlying bullish factor for gold and
silver.
For comparison, take a look at this 30-day silver chart (excluding
today) vs. the silver chart for the full year (updated at 11:00AM
today):For more, watch this detailed silver analysis video, paying attention to recent trends, to get an idea of what to look for in upcoming days and weeks.
Category:
Gold Saving / Investment
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