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Silver futures and options quick facts:
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5,000 ounce contract size
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One cent move equals $50
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Trades Jan., Mar., May, July, Sep., Dec.
+ Serials
2/3/12 Silver futures prices rallied this week as the U.S.
dollar is continuing its slide. The USD is now down 3 full basis
points over the last few weeks which is helping to push many
commodity markets higher. Friday's strong jobs report is also
helping commodity prices strengthen. It also seems that bad
European Union headlines are having less affect on the markets
and the worst case may already be factored into many of these
markets.
1/27/12 Silver futures prices are trading mostly higher again
this week. The bullish news was the weakening U.S. dollar that
continues its 2 week slide of about 3 full basis points which
helps push dollar denominated commodity markets higher. The FOMC
meeting left rates unchanged and opened the door for more
quantitative easing by the Federal Reserve Bank. European
sovereign debt issues and saber rattling from Iran seemed to
have little affect on the markets.
1/20/12 Silver futures prices traded mostly higher this week as
the recent influx of capital from hedge funds and other large
speculators into the commodity markets and especially the soft
sector pushed many commodity markets higher. The recent
successful debt auctions from Spain and France helped stabilize
the European Union for the near term and in turn weaken the U.S.
dollar.
1/6/12 Silver futures prices traded mostly sideways to down this
week. The U.S. dollar rose to new contract highs as concerns
over European banks pushed the Eurocurrency down to a 16 month
low. New tensions with Iran and its nuclear program has pushed
American and British aircraft carriers to enter the Persian Gulf
and the Straits of Hormuz and in turn pushed crude oil prices to
the highs.
12/23/11 Silver futures prices traded mostly sideways this week
while many other commodity markets rallied as the U.S. dollar
sold off from its contract highs in the thin volume holiday
trade that is typical for this week and next. Iran tensions and
possible sanctions pushed oil higher and positive economic
reports out of the U.S. and Europe also pushed investors back
into risk assets like stocks and commodities.
12/16/11 Silver futures prices sold off this week along with
most other commodity markets. The lack of an additional
quantitative easing announcement by Bernanke and the Federal
Reserve Bank at the FOMC meeting surprised some market
participants and pressured the markets. More bad news out of
Europe and very positive news from the U.S. economy pushed more
assets in to the U.S. dollar as it hit another high kept the
stock markets trading down to sideways as well.
12/9/11 Silver futures prices traded mostly sideways to down
this week again as most of the commodity and stock markets took
their directional cues from the European headlines again. In
other words, bad news out of the European Union pressured the
markets and good news helped push markets higher. The week ended
on a positive note as the European Union summit yielded ideas of
tightening anti-deficit rules and punishments for member
countries. This heartened the markets as it symbolized the idea
that forced accountability of member nations may curb government
spending.
12/2/11 Silver futures prices traded sideways this week along
with many other commodity markets. Crude oil broke through $100
a barrel as Iranian students broke into the United Kingdon
embassy in Tehran. Positive job growth in the U.S. and other
encouraging economic data helped many commodities push higher.
Also adding to the bullish tone was stability in Europe as a
concerted effort by 5 central banks to add liquidity to Europe
eased some fears and a sell off in the U.S. dollar also helped
commodity prices.
11/25/11 Silver futures prices traded mostly down along with the
majority of the commodity markets. The U.S. dollar index rallied
almost to its October 4th high which is coincidentally when many
commodity markets' made their recent contract lows. The recent
German bond auction was a failure and couldn't managed to sell
all of the bonds issued as more problems out of Italy and Greece
hurt the European Union as investors flee to cash and the U.S.
treasury markets.
11/18/11 Silver futures prices traded mostly down this week as
more problems came out of the European Union suppressing most
commodity rally attempts. The talk of Italy potentially
defaulting on its debt and Italian bond yields breaching the
critical 7% area hindered most bullish support for most markets.
The European Central Bank chose to purchase Italian and Spanish
bonds to support the markets and prove that they would support
the teetering European Union and its weak links from default.
11/4/11 Silver futures prices traded mostly sideways this week
as more uncertainty about Greek and Italian solvency added to
European Union woes. Also adding to the uncertainty was the
bankruptcy declaration by MF Global who supposedly was
overleveraged in European high risk assets and it was a very bad
bet. This uncertainty pushed assets towards the U.S. dollar and
U.S. treasuries pushing both higher on the week. The strong
dollar often depresses dollar denominated assets like
commodities.
10/14/11 Silver futures prices traded mostly sideways this week
in spite of the positive rhetoric out of the European Union and
the idea that the EU has plenty of assets to back up its support
of failing economys like Greece, Spain and Italy has led
investors back into stocks and commodities. The U.S. dollar
continues its fall which is also helping out the dollar
demoninated commodity markets become more bullish.
10/7/11 Silver futures prices rallied this week from its lows.
The market moving news of the week was Moodys' cutting the
senior debt and deposit ratings of 12 UK financial institutions
while at the same time the European Commission put together a
possible coordinated European bank recapitalization plan to
stabilize weak links in the financial chain like Greece and
Italy. Market volatility continues to be extreme in stock and
commodity futures contracts.
9/30/11 Silver futures prices came down again this week along
with most other commodity markets as more problems with Greece
and its potential default to its bond holders and other European
woes has led to an extremely volatile trading environment for
stocks and commodity investors. The U.S. dollar is also near its
recent highs which is also hindering the bulls for now.
9/23/11 Silver futures prices sold off this week along with just
about every other commodity as more problems out of the European
Union and Federal Reserve Bank chairman Ben Bernanke saying that
the U.S. economy was probably going to slip back into a
recession. This fear of a double dip global recession sent
investors fleeing out of the stock and commodity markets around
the globe and strengthened the U.S. dollar significantly.
9/16/11 Silver futures prices sold off this week along with most
other commodity contracts as more European soveriegn debt
problems (Greece) and more bad economic reports out of the
United States have come together to add more uncertainty about
the world's economic future. The weakening U.S. dollar did
little to prop up commodity prices. Volatility can be extreme at
times as the market reacts to economic reports.
9/1/11 Silver futures prices traded mostly sideways this week in
spite of the strengthening U.S. dollar and the idea that the
Federal Reserve Bank is thinking about another round of
quantitative easing to stimulate the economy as interest rates
should remain low until 2013 if not longer.
8/19/11 Silver futures prices had an extremely volatile week
along with most of the rest of the commodity markets. The stock
market indices were quite volatile and affected most other asset
classes as European Union problems resurfaced again and put many
investors in doubt about future U.S. and global growth prospects
over the near term.
8/5/11 Silver futures prices have been mostly sideways this
week. This week's main stories are about Europe's continued
problems and the foreseeable end of the European Union as the
PIIGS continue to harm. A slower global economy and the 10%
correction in the U.S. stock markets have many commodity
investors heading for the sidelines.
7/29/11 Silver futures prices have been trading mostly sideways
to higher this week as the United States faces a political
impasse on raising the debt ceiling. This has led to talk about
the U.S. losing its AAA credit rating and potentially defaulting
on its debt obligations. The U.S. dollar is trading sideways
near its lows probably because things seem to be even worse in
Europe. Many of the other commodity markets have also been
trading sideways for the most part.
7/15/11 Silver futures prices rallied about $4 an ounce this
week as Ben Bernanke left the door open for QE3 or printing more
U.S. dollars to be used for buying treasuries to help buoy the
economy. Also the European Bank Authority said 8 out of 90 banks
failed their stress tests this week. 5 were from Spain, 2 from
Greece and one from Austria. The U.S. dollar sold off this week.
7/1/11 Silver futures prices sold off by about $1.50 and oucne
this week in spite of the fact that the U.S. dollar lost about 2
basis points once the markets decided that the greek soveriegn
debt issues would be resolved for the short term in spite of the
agreement that most analyst share that Greece is doomed to be
bankrupt sooner or later. Many commodity sectors look to be
selling off such as the precious metals, energies and grains
seem to be trending sideways to down over the near term.
6/24/11 Silver futures prices are trading mostly sideways to
down, within a roughly 2 dollar and ounce range, this week as it
witnessed the collapse in crude oil prices. The Obama
administration decided to release 30 million barrels of oil from
the strategic petroleum reserve to help pressure energy prices.
The International Energy Agency plans to add 2 million barrels a
day from non-OPEC reserves. Also pressuring the markets is the
idea that Greece will default sooner or later and may be
released from the European Union in order to strengthen the
Euro. Reports of slower growth out of India and China is also
pressuring commodity prices in general.
6/10/11 Silver futures prices are trading mostly sideways this
week along with gold and copper prices. This recent
consolidation sideways is taking much of the volatility premium
out of the silver options markets and making the bid/ask spead
much more fair.
6/3/11 Silver futures prices sold off this week as quite a bit
of bad U.S. economic data in manufacturing, housing and jobs has
consumer confidence falling along with the stock market and most
of the commodity markets. Many economists fear a soft patch in
the economy this summer and a slowing of Asian demand for many
commodities as attempts to battle inflation by raising rates are
slowing growth.
5/27/11 Silver futures prices are trading sideways along with
most of the other commodity markets as large speculators such as
hedge funds seem to be exiting the riskier assets. The lack of
aggressive buying and selling of these futures contracts has
caused many of them to trade sideways in small trading ranges.
The recent 3 cent rally in the US dollar should have been more
of a catalyst pushing commodity prices higher but this has
largely been ignored. This is most likely caused by the
perception that China's economy may be slowing down as well.
5/20/11 Silver futures prices are trading mostly sideways this
week as the US dollar continues to strengthen and investors seem
to be heading for the exit when it comes to their riskier assets
and are getting in to cash and cash equivalents. The volatility
in many markets has dropped considerably as some like silver,
gold, crude oil and cotton are consolidating sideways. This in
turn is bringing option premiums back down to more normal levels
for some markets as this volatility premium is taken out of the
options.
5/13/11 Silver futures prices sold off again this week as the
market digests the idea that Greece may default on its debt just
a year after this same predicament that forced Germany to infuse
money into the system. This news crushed the Euro Currency and
pushed the US dollar higher which in turn hurt most commodity
prices and pushed volatility much higher. Quantitative easing is
set to end this summer which might be why the stock market is
soft in spite of energy prices coming down violently. Option
premiums are very high for most commodities because of the
recent volatility.
5/6/11 Silver futures prices sold off this week along with most
of the other commodity markets. A cocktail of bearish happenings
have been a catalyst initiating a huge exodus out of risk assets
to reduce investors' risk exposure. The ECB president Trichet
let the market know that a ECB rate hike is not a done deal in
July which in turn pushed the US dollar up a full basis point.
Also hitting the markets were the CME group's increase in silver
margin requirements which totalled 5 increases over the last 2
weeks which pushed weak longs out of the market and caused
silver to correct by about 25% making it the worst sell off
since the early 1980's. Lastly, many US economic reports have
been weaker than expected which is weakening the confidence of a
strong economic recovery in the US over the near term.
4/29/11 Silver futures prices rallied about up near $50 per
ounce this week before retreating. The FOMC meeting left
Bernanke signalling that QE 3 would not happen and QE 2 would
end in June and that interest rates will probably stay on hold
for a while leaving the US dollar to get crushed as other
countries plan on continued interest rates hikes to fight
inflation and attract foreign assets to the stronger currencies.
4/22/11 Silver futures prices rallied about $4 per ounce this
week along with most of the other commodities as the US dollar
hit levels not seen since the "Great Recession" summer of 2008.
The market seems to be factoring in an unwillingness by the
United States' federal reserve bank to raise interest rates in
spite of the fact that many other economies like Australia,
China and the European Union are raising interest rates. This
rising interest rate environment draws money away from US
investments into stronger currency assets.
4/8/11 Silver futures prices rallied about $3 an ounce this week
along with many other commodity markets as the bulls seem to
have control for now. Gold hit an all time high and crude oil
broke through $110 a barrel pulling other commodities with them.
The US dollar coincidentally hit new contract lows this week as
well. The new earthquake in Japan seems to be a non-event this
time for the markets.
4/1/11 Silver futures prices are trading sideways to down this
week after the Japanese situation seems to be contained and the
Libyan conflict seems to factored into the markets. Interest
rates have been creeping up recently and silver option premiums
are high.
3/25/11 Silver futures prices hit fresh 30 year highs and were
mostly higher this week based on the fact that buying the risk
trades like commodities were the weekly theme. The Japan nuclear
scare seems to have been averted for the most part and the
markets factored in a worst case scenario which caused the
massive sell off last week. The tensions in the Middle East seem
to be growing which pushed crude oil prices over the $105 level.
The US dollar has been sliding for most of the month of March
which is also helping push most commodity futures prices higher.
3/18/11 Silver futures prices came down this week along with
most of the commodity and stock markets as investors try to
figure out what affects the tsunami and its destruction of the
cities and nuclear plants in Japan will have over the short,
medium and long terms. Japan's economy is the 3rd largest in the
world and demand destruction for some commodities may occur.
3/11/11 Silver futures prices have been coming down after a
volatile few weeks in the commodity markets. Geopolitical issues
in the Middle East put the bias in the commodity markets in the
hands of the bulls for the last few weeks but the buy the rumor
sell the fact side of the equation and China's first trade
deficit in many years seems to be behind the massive liquidation
of most of the commodity markets.
3/4/11 Silver futures prices continue to rally to contract highs
and up about 2 dollars per ounce this week as the world wonders
about the violence and ubiquitous unrest in northern Africa and
the middle east. Egyptians got rid of their despot. Libya is
trying along with Bahrain, Tunisia and others which is pushing
crude oil prices sky high again. Higher oil prices are very
inflationary and helps push the bias of all dollar denominated
commodities higher.
2/11/11 Silver futures prices continue to rally with most of the
metals markets this week. The uprising in Egypt by the people to
oust the long time president out of power has turned violent and
caused many commodity markets to become very volatile because of
the belief that turmoil may spread to other Muslim countries
near Egypt. On February 10th the ousted president appointed his
vice president as ruler much to the dismay of the protesters.
2/4/11 Silver futures prices rallied this week as worry about
the Egyptian uprising spreading to other Muslim countries had
the markets on edge. In spite of the Suez canal being only
responsible for about 3% of the oil shipping, the oil markets
rallied and pulled many other markets higher as well. The idea
that inflation and especially food and energy inflation is
starting to get traction in the media and may have a significant
impact of the economy soon.
1/28/11 Silver futures prices came crashing down for the last
few weeks by about $4 per ounce. That is a $20,000 move per
contract in the futures market. Many of the late longs may have
been pushed out of the market. The silver sell off is occurring
in spite of the US dollar's continued weakness. Silver option
premiums are high.
1/21/11 Silver futures prices followed the trend of most of the
other commodity markets as they sold off violently in
anticipation that China will step up its efforts to quell
inflation by making it harder to get money out of its main banks
by increasing reserve requirements and raising interest rates.
1/7/11 Silver futures prices are coming down hard this week
based on the recent strength of the US dollar and the idea that
China is tightening its monetary policy to battle inflation by
raising lending rates will slow economic expansion. Many of the
other commodities are selling off as well.
12/24/10 Silver futures prices came down this week. The week
before and after Christmas are notoriously thinly traded and the
markets can have very volatile price swings because of the lack
of trading volume. Many money managers call it quits for the
year in early December to lock in before year end.
12/17/10 Silver futures prices have been selling off this week
and unable to hold the $30 per ounce prices level. Profit taking
ahead of the low volume holiday period and the idea that China
may raise interest rates again may be the cause for the lack of
bullish movements.
12/3/10 Silver futures prices have been running this week as the
European Union has decided to give Ireland the loan it needs so
that it won't have to default on its debt. Also helping the
market is the idea that the worst of the problems in the United
States are in the past and its economy will likely begin to grow
at a better pace than expected. There is also the idea that
capital gains taxes and taxes on dividends will not be
implemented now that republicans are in charge.
11/19/10 Silver futures prices sold off again this week as China
raised interest rates in an attempt to slow its overheating
economy and inflation. Also pressuring the commodity markets was
the idea that Ireland may default on loans might lead to more
Eurozone economic problems coming soon.
11/12/10 Silver futures prices are correcting significantly
after the huge run up in prices. The most prevelant perception
is that the global recovery may be stalling based on worse than
expected economic reports as of late and the idea that China
will hike interest rates to battle inflation which should push
commodities lower.
11/5/10 Silver futures prices are still heading higher as the
FOMC meeting yielded more quantitative easing by the Fed.
Printing more money should lead to high inflation or
hyperinflation for the next few years. Especially when you
consider the fact that the Fed bought so much of the toxic real
estate assets from Freddie Mac and Fannie Mae. It makes sense
that they won't raise rates to fight inflation because it would
cost the government billions of dollars.
10/22/10 Silver futures prices corrected by almost $2 an ounce
this week as recent strength in the US Dollar might be giving
precious metals investors an excuse to take profits after the
huge market rally over the last few months.
10/15/10 Silver futures prices rallied to new 30 year highs
again. More quantitative easing is pushing many commodity
markets higher. Inflation and the weak US Dollar are pushing
precious metals prices higher. Silver option volatility prices
are high.
10/8/10 Silver futures prices rallied to a new 30 year high this
week as the idea that more quantitative easing by the Fed will
continue to pummel the value of the US dollar. The Fed seems
more concerned about deflation than inflation for now.
9/24/10 Silver futures prices are rallying again this week
following gold higher as investors head towards precious metals.
The recent bullish reports from China and India's production
sector is making investors head towards industrial metals that
can benefit from increased world growth. The recent comments
from the FOMC meeting leaves the door open for more quantitative
easing ie. money printing.
9/17/10 Silver futures prices are still trading through the $20
per ounce level following the strength of gold as it hit a new
all time high this week. Investors are searching for a perceived
safe haven for their investment capital as many global economic
reports are coming out mixed. Silver options have high premiums
right now.
9/10/10 Silver futures prices rallied through the key $20 per
ounce level this week as more economic uncertainties in the
Eurozone and the US is pushing many investors towards the
precious metals markets as a perceived safe haven investment.
8/20/10 Silver futures prices are selling off in spite of the
rally in gold prices this week. Silver futures are down about 50
cents per ounce as the recent strength in the US Dollar may be
pressuring the market for the near term.
8/13/10 Silver futures prices are trending down lately as the US
Dollar continues to strengthen and and investors are exiting
weak dollar currency hedges. Silver futures prices are trending
lower and gold is for the most part trending higher as of late.
8/6/10 Silver futures prices are trading sideways this week in
spite of recent strength in gold and the weakening US Dollar.
Silver options premiums are high.
8/2/10 Silver futures prices are rallying again in choppy
trading after a huge sell off because investors seem to be
leaving gold and silver for riskier assets as the Eurozone
problems seem to be subsiding somewhat.
7/24/10 Silver futures prices managed to rally about 50 cents
this week as the US Dollar continues to weaken and the Federal
Reserve Bank seems intent upon leaving rates low for quite some
time to come. Silver option premiums are high.
7/10/10 Silver futures prices were range bound this week as less
concern about the European Union debt problems are being
factored into the markets. Good economic news in the US and
abroad are also pulling investors out of safe haven type
investments like precious metals.
7/2/10 Silver futures prices came crashing down this week along
with gold prices in spite of the weakening US Dollar. The idea
that the European debt problems may not be as bad as once
thought is pressuring silver prices. Silver prices are at a 3
week low.
6/25/10 Silver futures prices sold off this week in spite of
stronger gold prices and the weakening US Dollar. The idea of a
slowing economy may push investors to the precious metals
markets.
6/11/10 Silver futures prices rallied this week in spite of
weakness in the gold market. Value investors may be looking at
the logic of buying gold near all time highs versus buying
silver down more than 60% from its all time highs. Silver is
also considered an industrial metal.
6/4/10 Silver futures prices sold off this week as the US Dollar
hit another contract high and weakness in many commodity markets
cast a bearish perception on the global growth idea.
5/28/10 Silver futures prices rallied this week as the tensions
between North and South Korea intensifies and the uncertainty
that the Eurozone bailout plans will help.
5/21/10 Silver futures prices came down with the rest of the
commodity markets this week as the European problems stemming
from Greece and the other PIIGS are expected to hurt demand for
many commodities. Investors seem to be choosing cash over stocks
and commodities for now.
5/14/10 Silver futures prices rallied this week to a 22 month
high as investors flee to safe haven assets such as gold and
silver in fear that the European Union bail out plan may fail.
This rally is occurring in spite of the strengthening US Dollar.
5/7/10 Silver futures prices came down with many other commodity
markets this week as the problems in Greece are pushing
investors to decrease their risk appetites. The flow of asset is
moving towards gold, US Dollars and US Treasuries as a safe
haven.
4/25/10 Silver futures prices rallied this week along with gold
as the idea that many economies around the globe including the
United States are showing signs of growth. This may lead to
inflation in this low interest rate environment.
4/16/10 Silver futures prices sold off towards the end of the
week as the news of the SEC accusing Goldman Sachs with fraud
concerning subprime investments pressured many stock and
commodity markets. Silver option premiums are high.
4/9/10 Silver futures prices rallied this week as the idea that
many economies around the world are improving and demand for
physical commodities may increase. The recent FOMC minutes
showed that rates will probably stay low for a while longer.
3/27/10 Silver futures prices traded sideways this week as the
US Dollar rallied again and commodities in general were weak.
The idea that the rising dollar may quell inflation is a bearish
influence on the silver market.
2/26/10 Silver futures prices traded mostly sideways this week
as strength in the US Dollar is keeping a lid on precious metal
prices. The recent Fed comments hinting the interest rates will
stay low for a while in spite of the recent increase in the
discount rate may keep support levels for silver near the $16
level. Silver option premiums are high.
2/12/10 Silver futures prices rallied some this week as the idea
that Europe will help Greece with its financial problems
weakened the US Dollar lending strength to most of the commodity
markets. Also helping prices is the strong growth numbers still
coming out of China.
2/5/10 Silver futures prices collapsed to a 5 month low along
with most of the other commodity markets as the recent strength
in the US Dollar is expected to hurt demand for commodities. The
recent monetary tightening attempts by China also have people
worried that the global economic recovery will slow or stall.
1/30/10 Silver futures prices fell again this week as the
strength in the US Dollar continues to pressure the precious
metals markets. The idea that Obama will restrict how much banks
can invest and trade their assets has many believing that
investment demand for commodities will diminish.
1/22/10 Silver futures prices fell this week along with most of
the other commodity markets as the US Dollar continued to
strengthen and the idea that China is trying to restrain its
economy by raising rates and increasing the amount of capital
reserves its banks must keep will diminish demand.
1/15/10 Silver futures prices stabilized this week as fresh
money is still flowing into the precious metals sector as a US
Dollar and inflationary hedge. Silver option premiums are
high.
1/8/10 Silver futures prices rallied again this week in spite of
the recent strength in the US Dollar as money comes back into
the commodity markets for the new year. The weak unemployment
report today makes it look like the Federal Reserve Bank will
not be pushed to raise interest rates anytime soon.
1/1/10 Silver futures prices rallied almost $9 an ounce this
year as low global interest rates, a weak US Dollar and fears of
inflation drove many speculators toward the precious metals
markets this year. Silver's double duty as an industrial
metal and a precious metal makes it attractive to many
investors. Silver options premiums are high.
12/11/09 Silver futures prices sold off this week by about $1.50
and ounce as the US Dollar continues to strengthen. The strong
US Dollar is weakening many commodities and especially the metal
sector commodities.
12/4/09 Silver futures prices rallied to a 16 month high this
week until the upbeat jobs report caused the US Dollar to rise
dramatically.
11/28/09 Silver futures prices rallied this week to a 16 month
high as investors run to protect themselves from a weakening US
Dollar and inflation. The news that Dubai might default on its
sovereign debt spooked the stock and commodity markets on Friday
and sent silver prices down nearly a dollar an ounce but it
bounced back before the close. Silver option premiums are high.
11/20/09 Silver futures prices rallied this week as investors
look for areas to be protected from the devaluing US Dollar and
inflation concerns arising from interest rates staying too low
for too long. The idea that many central banks are buying
physical assets to limit their exposure to US Dollars and US
treasuries also has investors looking for a safe haven.
11/13/09 Silver futures prices rallied along with gold this week
as the US Dollar is still weakening and the Federal Reserve Bank
seems content to keep interest rates low in spite of the
possibility of rampant commodity price inflation in 2010.
11/6/09 Silver futures prices rallied this week along with gold
after the Reserve Bank of India bought 200 tons of gold from the
IMF for $6.7 billion dollars. The silver market is also being
helped by the continued weakness in the US Dollar.
10/24/09 Silver futures prices sold off after the recent run up
as the US Dollar bounced some. Investor demand is still strong
as the perception of the strengthening global economic recovery
may lead to inflation.
10/12/09 Silver futures prices are rallying as the US Dollar
weakens near 12 month lows as rumors persist that countries will
move away from the US Dollar as a reserve currency. Also helping
prices are the improving economic reports from around the globe
and fears of inflation.
9/25/09 Silver futures prices fell this week along with gold as
the US Dollar rallied off of its yearly low and the FOMC meeting
ended up with no changes to interest rates any time soon.
9/18/09 Silver futures prices are still above the $17 an ounce
level this week as the weakening US Dollar and ideas that the
global economy is improving may lead to inflation has investors
running to precious metals as a hedge.
9/11/09 Silver futures prices hit the $17 level this week as
renewed fears of inflation and the US Dollar hitting its lowest
low of the year versus the Eurocurrency pushed prices higher.
Silver option premiums are high.
9/4/09 Silver futures prices are near a 12 month high as the
perception of a potential sell off in stocks may be pushing
investors into the precious metal markets as a hedge against
equity risk. Silver option premiums are high.
8/21/09 Silver futures prices are trading sideways this week
around $14 an ounce level. There is no new bullish or bearish
news to push the silver market in one direction or the other.
Silver option premiums are high.
8/7/09 Silver futures prices are running as the US Dollar begins
to fall near its lows and the perception of an improving global
economy may trigger inflation. Silver option premiums are high.
7/31/09 Silver futures prices are near weekly lows in spite of
the recent strong economic reports and the weakening US Dollar.
Silver option premiums are high.
7/20/09 Silver futures prices are running along with many other
commodities as the weakening US Dollar and improving economic
news may be helping prices. In the bear camp, low investment
demand, slow manufacturing of electronic products, estimates
that Indian demand for precious metals may fall by 25% seems to
be getting ignored for now. Silver option premiums are high.
7/10/09 Silver futures prices sold off again as the Indian
government doubled its import taxes on gold and silver. Recent
economic reports point to stable interest rates for a while to
come. Silver option premiums are high.
7/4/09 Silver futures prices sold off this week as inflation
pressure is not showing up in many of the recent economic
reports and the US Dollar continues to hold strong. Silver
option premiums are high.
6/21/09 Silver futures prices are trading sideways in spite of
The World Bank's estimate that China's GDP would increase form
6.5 to 7.2% in 2009. Silver option premiums are high.
6/5/09 Silver futures prices are finding traction as the
inflation play seems to be on many traders' minds as the US
Dollar weakens. Silver option premiums are high.
5/30/09 Silver futures prices are rallying again to the highest
close in 9 months as the US Dollar is in free fall versus other
major currencies and inflation may arrive by the end of the
year. Silver option premiums are high.
5/22/09 Silver futures prices are running up along with gold as
more bad economic news sends investors toward assets considered
more reliable such as precious metals. Silver option premiums
are high.
5/15/09 Silver futures prices are still up as the weakening US
Dollar and some positive economic reports are making a recovery
look possible sometime this year for the US economy. Silver
option premiums are high.
5/8/09 Silver futures prices are rallying this week and are
currently outpacing gold. Inflationary fears are pushing many
investors towards physical assets such as metals and other
commodities. Silver option premiums are high.
4/30/09 Silver futures prices are consolidating sideways along
with gold as uncertainty is ruling the market direction
currently. Silver option premiums are high.
4/23/09 Silver futures prices are following gold in a sideways
consolidation between $12 and $13 an ounce. The run in the stock
markets and the strengthening of the US Dollar is limiting any
rally attempts. Silver option premiums are high.
4/10/09 Silver futures prices are coming down with gold. The
gold to silver ration is at 72 and for hundreds of years if had
been around 15 ounces to equal the value of one ounce of gold.
This makes sense when you realize that their is about 15 times
more silver in the earth's crust than gold. Silver may be ready
to run soon. Silver option premiums are high.
3/27/09 Silver futures prices are selling off as investors go
back into the stock market after the recent 10 day rally. Silver
option premiums are high.
3/20/09 Silver futures prices rallied $1.50 this week as
inflation may soon replace the deflationary cycle that is the
worst since the Great Depression that we are currently in. The
move by the Fed to print a trillion dollars and use them to
purchase treasuries has significantly weakened the US Dollar.
Silver option premiums are high.
3/13/09 Silver futures prices are selling off with gold as the
stock markets rally for three days in a row for the first time
since November. Silver option premiums are high.
3/7/09 Silver futures prices are holding their value this week
as the stock market continues to sell off and investors run
towards precious metals to hedge some of their risk. Silver
option premiums are high.
2/27/09 Silver futures prices sold off this week along with gold
after breaking through the $14.50 level. The rally in the stock
market pressured the precious metals as a safe haven investment.
Silver option premiums are high.
2/13/09 Silver futures prices are holding onto the recent gains
riding on the coat tails of gold's recent run to 6 month highs.
Silver is also considered an inflation hedge by investors and
ETF buying is helping consumer the limited supply of silver.
Silver option premiums are high.
2/6/09 Silver futures prices recently made a 4 month high as low
global interest rates, slow economic growth, and weakening
currencies around the globe are pushing investors to the
perceived safe haven that precious metals embody. Inflation may
be around the corner and precious metals are an inflationary
hedge. Silver option premiums are high.
1/30/09 Silver futures prices seem to be in the nascent stages
of a bull market. Investors are pouring into the precious metals
markets in an attempt to protect themselves from their devaluing
currency values and the potential for an inflationary cycle
coming soon. Silver option premiums are high.
1/16/09 Silver futures prices were volatile this week as
currencies were in flux based on rate cutes and poor economic
reports in many parts of the world. Silver prices have been
following gold recently. Silver option premiums are high.
1/10/09 Silver futures prices followed gold this week down as
the US Dollar found strength and crude oil sold off. Silver
option premiums are high.
12/27/08 Silver futures prices rallied along with gold as the
flight to safety continues in the face of worsening economic
news, the falling US Dollar and lower interest rates. Silver
option premiums are high.
12/19/08 Silver futures prices rallied along with the rest of
the metals market as the US Dollar gave back 60% of its recent
gains. Silver prices are up to a 2 month high. Silver option
premiums are high.
12/12/08 Silver futures prices rallied along with the rest of
the commodity markets as the US Dollar fell sharply from its
highs and the largest silver mine in the world in Fresnillo,
Mexico had a strike on their hands for higher wages. Silver
option premiums are high.
12/05/08 Silver futures prices sold off this week with gold and
the rest of the commodity sector. Silver option premiums are
high.
11/30/08 Silver futures prices rallied this week as the US
Dollar sold off and a potential inflationary period may come
shortly. Silver option premiums are high.
11/21/08 Silver future prices are still coming down as the US
Dollar is rallying and commodities in general are coming down.
Silver option premiums are high.
11/7/08 Silver futures prices are coming down with gold in spite
of the coordinated effort of the ECB, BOE, Federal Reserve Bank,
Switzerland and Australia's central banks all cutting interest
rates. Silver option premiums are high.
11/1/08 Silver futures prices are still coming down in spite of
banks hoarding gold and silver to restore investor confidence.
This is making it hard for spot traders to lease silver for
collateral. Silver option premiums are high.
10/24/08 Silver futures prices are still coming down as massive
deleveraging continues to pressure the stock and commodity
markets. Silver prices are falling partly because of the massive rally
in the US Dollar to 3 year highs. The run in the US Dollar is
being helped by the large repatriation of dollars back into the
US from other countries. Silver option premiums are high.
10/10/08 Silver futures prices are coming down with the rest of
the commodity sector. Silver seems to have lost its status as a
precious metal as gold has been rallying and silver declining
with the other industrial metals. Silver is being hurt by the
strong US Dollar and the perception that a global recession is
coming. Silver option premiums are high.
10/6/08 Silver futures prices have found some strength as a safe
haven but the fears of a global recession and the strong US
Dollar are limiting the upside. Silver option premiums are high.
9/26/08 Silver futures prices have been following gold up as
investors consider precious metals a safe haven in times of
economic turmoil. Silver has the added value of being used in
many industries but the soft economic environment is hurting
industrial metals. Silver option premiums are high.
9/19/08 Silver futures prices soared as investors ran to
precious metals as a safe haven in the current financial storm.
Silver option premiums are high.
9/12/08 Silver futures prices sold off for most of the week as
the US Dollar is rallying in a huge way. Silver option premiums
are high.
9/5/08 Silver futures prices crashed along with gold as the US
Dollar is still rallying to multi month high. Silver option
premiums are high.
8/29/08 Silver futures prices are trying to rally this week
based on the strength in crude oil and the dip in the value of
the US Dollar. Silver option premiums are high.
8/22/08 Silver futures prices bounced this week based on the
correction in the US Dollar. Slow economic news may keep rates
low and weak overseas economic data may help silver prices stop
crashing. Silver option premiums are high.
8/1508 Silver futures prices sold off this week based on the
extreme strength in the US Dollar because of the weakness of non
US economies. The Russian invasion of Georgia is causing capital
from Europe to come to the US. Silver option premiums are high.
8/8/08 Silver futures prices sold off this week based on the
Federal Reserve Bank leaving rates unchanged which sent the US
Dollar zooming higher. Silver futures are at a 6 month low.
Silver option premiums are high.
7/25/08 Silver futures prices sold off with the gold market this
week as the Fed talked the markets down with rhetoric of
inflation necessitating the raising of interest rates by the
Federal Reserve Bank soon. Silver option premiums are high.
7/18/08 Silver futures prices sold off from 4 month highs in the
wake of the broad based commodity market sell off. Strength in
silver may come from the Federal Reserve Bank's soft monetary
policy and the potential national strike in South Africa by
miners. Silver option premiums are high.
7/11/08 Silver futures prices followed gold higher this week
based on the weakening US Dollar and the potential conflict with
Iran and Israel. Silver option premiums are high.
7/4/08 Silver futures prices rallied this week based on
investors looking for an inflationary hedge as tensions between
Israel and Iran come to a boiling point. The weak US Dollar at
the beginning of the week also helped prices. Silver option
premiums are high.
6/27/08 Silver futures prices rallied this week because the
Federal Reserve Bank did not change interest rates which caused
the US Dollar to drop sharply. Silver option premiums are high.
6/20/08 Silver futures prices rallied this
week because of the weakness in the US Dollar. Silver option
premiums are high.
6/13/08 Silver futures prices are having
problems holding a rally because of the strength in the US
Dollar. Inflation hedgers and US Dollar bears are having
problems because of the US currency. Silver option premiums are
high.
6/6/08 Silver futures prices rallied this
week based on the weak US Dollar. The US Dollar began to sink
when the EU began speaking about raising interest rates to
battle inflation. Silver option premiums are high.
5/30/08 Silver future prices sold off this
week as the US Dollar strengthened. Talk that the Federal
Reserve Bank may stop cutting rates is strengthening the US
Dollar and punishing the metals. Silver option premiums are
high.
5/23/08 Silver futures prices have bounced
back this week as the US Dollar has begun to weaken again.
Silver futures prices rallied around 70 cents this week and was
helped higher by that crude oil futures price spike to record
territory. Silver option premiums are high.
5/15/08 Silver futures prices have bounced
back this week as the US Dollar lost some of its strength.
Silver option premiums are high.
5/9/08 Silver futures prices rallied this
week based on the resumed weakness in the US Dollar and the
strength of gold and copper. Silver option premiums are high.
5/1/08 Silver futures prices followed gold
down this week based on the surprising strength in the US Dollar
and the potential end of US rate cuts coming soon. Silver option
premiums are high.
4/25/08 Silver futures prices sold off this
week in sympathy with gold and because of the rally in the US
Dollar. The metals markets have a very close inverse
relationship with the US Dollar and are the commodity mostly
affected by its movements. Silver option premiums are high.
4/18/08 Silver futures prices are trading in
a $1 range between $17.50 and 18.50 an ounce recently. The bad
US reports helped push silver futures prices higher but the
rally in the dollar crushed the rally. Silver option premiums
are high.
4/11/08 Silver futures prices broke through
$18 this week based on industrial demand and the weak US
employment figures. Silver has been outperforming gold on its
rallies probably because it has many industrial uses as well as
being considered a precious metal. Silver option premiums are
high.
4/4/08 Silver futures prices bounced of of
the $17 area this week but are still $4 from its recent highs.
Silver futures prices were pressured this week by the surge in
the US Dollar and end of quarter liquidation by hedge funds and
commodity trading funds. Silver option premiums are high.
3/28/08 Silver futures prices traded within
a wild range this week. The markets are still uncertain and the
bounce in the US Dollar pressured prices. Silver option premiums
are high.
3/21/08 Silver futures prices kept falling
this week as Wall Street hedge funds and commodity funds
liquidated futures positions to cover margin calls in stocks and
to pay back borrowed money. The Bear Stearns issue took the
confidence from investors. The Fed's 75 basis point cut
surprised investors because a full 100 basis point cut was
expected. Silver option premiums are high.
3/14/08 Silver futures prices have been
consolidating sideways since the record highs earlier in the
week. The collapse of the US Dollar and the perception that the
Federal Reserve Bank will cut rates again is helping prices
higher. The industrial demand use from China and India are also
taking a bite out of supplies. Silver option premiums are high.
3/7/08 Silver futures prices rallied over
$21/oz. this week only to collapse $1. The FOMC meeting is
expected to result in at least a 50 basis point interest rate
cut which will most likely weaken the US Dollar further and help
the precious metal prices. The power shortages in South African
mining sites and the increase of 174 million ounces held by one
of the major silver ETFs may also help prices. Silver option
premiums are high.
2/29/08 Silver futures prices rallied to
contract highs this week based on the Fed lowering rates at the
next FOMC meeting a probable 50 basis points. The US Dollar
collapsed this week and inflationary fears also helped the
silver futures rally to a 27 year high. Rumors on the floor said
that speculators were selling out of gold and into silver
because of its industrial value. This might explain why silver
futures are outrunning gold currently.
2/22/08 Silver futures prices followed crude
oil higher to contract highs. The stronger than expected CPI
number also had speculators running to the inflationary hedge of
silver. Silver futures prices also being buoyed by massive ETF
investing. Silver futures prices blasted through $18/ ounce this
week. Silver option premiums are high.
2/15/08 Silver futures prices are showing
strength in the face of falling gold prices. Silver futures
prices pushed through $17.40 this week based on industrial
demand and the weaker US Dollar. The federal reserve bank will
most likely cut rates again which may further weaken the US
Dollar and lift silver prices. Many analysts are beginning to
believe that there will be no recession and if the economy is
better that may support more industrial uses and higher silver
futures prices. Silver option premiums are high.
2/8/08 Silver futures prices broke through
the $17 area this week based on huge fund and spec buying.
Silver futures prices ran up this week in spite of the rising
value of the US dollar. Much of this money may be from the
ailing stock and real estate markets. Many analysts believe that
silver production will be lower this year. Silver option
premiums are high.
2/1/08 Silver futures prices followed gold prices lower this
week on speculative fund selling through the $17.00 area.
Silver mining has not kept up with demand, the
weakening US Dollar may push silver futures
prices higher.
-T & K Futures and Options Inc. |
