silver

discussion
davefairtex
By davefairtex on Fri, Jul 20, 2018 - 5:12am

PM Daily Market Commentary - 7/19/2018

Gold fell -4.80 [-0.39%] on heavy volume, while silver dropped -0.24 [-1.54%] to 15.33 on moderately heavy volume. The buck moved up +0.13%, but that's just where it ended up – intraday, the buck was up more than +0.60% until an interview was aired, featuring a comment from Trump saying that he was “not crazy” about the Fed's interest rate increases (although of course he wasn't going to interfere). Bang, the Euro takes off, the buck reverses, and the metals jump higher off the lows. Never a dull moment with Trump in office.

discussion
davefairtex
By davefairtex on Thu, Jul 19, 2018 - 1:55am

PM Daily Market Commentary - 7/18/2018

Gold edged down -0.01 [-0.01%] to 1227.30 on heavy volume, while silver dropped -0.02 [-0.13%] on moderate volume. The buck tried to rally today but failed, moving up +0.12% to 94.71, and reaching as high as 95.07 on the rally attempt.

discussion
davefairtex
By davefairtex on Wed, Jul 18, 2018 - 4:13am

PM Daily Market Commentary - 7/17/2018

Gold fell -13.60 [-1.10%] to 1227.40 on moderately light volume, while silver plunged -0.22 [-1.39%] to 15.59 on heavy volume. The buck rallied fairly strongly, up +0.45%, so it wasn't any help today at all, and neither was the metals group, which moved lower.

discussion
davefairtex
By davefairtex on Tue, Jul 17, 2018 - 7:18am

PM Daily Market Commentary - 7/16/2018

Gold fell -0.80 [-0.06%] to 1241.00 on moderately light volume, while silver dropped -0.03 [-0.16%] to 15.81 on light volume. The buck also fell, losing -0.25%, which said that the metals overall had a fairly unpleasant day; the metals group fell overall, so did crude.

Gold took a first leg down in Asia, dropping along with copper; it fell a second time during the US session as the USD shot higher, closing at or near the lows of the day.

discussion
davefairtex
By davefairtex on Sun, Jul 15, 2018 - 6:50am

PM End of Week Market Commentary - 7/13/2018

On Friday, gold fell -5.90 [-0.47%] on heavy volume, while silver dropped -0.14 [-0.88%] to 15.84 on moderately heavy volume. The buck fell -0.07%; it was a failed rally day for the buck, which was up 0.50% at one point – however the currency moves didn't seem to be an important factor for the metals.

discussion
davefairtex
By davefairtex on Fri, Jul 13, 2018 - 3:23am

PM Daily Market Commentary - 7/12/2018

Gold rose +5.80 [+0.47%] to 1247.70 on moderate volume, and silver climbed +0.15 [+0.95%] to 15.97 on moderate volume also.  The buck crept up +0.07% - it was not a factor today.  The other metals bounced too, with all-important copper up +0.91%.  Dead cat bounce or sign of a recovery?  That's the question, isn't it?

discussion
davefairtex
By davefairtex on Thu, Jul 12, 2018 - 3:22am

PM Daily Market Commentary - 7/11/2018

Gold plunged -14.00 [-1.11%] to 1241.90 on heavy volume, and silver dropped -0.27 [-1.65%] to 15.82 on heavy volume also. Trump's tariffs strike again; after market close yesterday, the Trump administration announced a 10% tariff on $200 billion in imports, to be imposed at the end of August after a public comment period. This caused the metals complex to plunge, led by copper which dropped -2.75% and hit a new low of 2.71. To pile on, the buck also shot up +0.64%, and oil absolutely cratered, dropping -4.89%.

discussion
davefairtex
By davefairtex on Wed, Jul 11, 2018 - 2:57am

PM Daily Market Commentary - 7/10/2018

Gold fell -2.40 [-0.19%] to 1255.90 on moderately heavy volume, while silver dropped -0.05 [-0.34%] to 16.09 on moderate volume. The buck rose +0.07%; it wasn't much of a move, but there was a strong intraday rally in the buck that yanked prices of the metals around fairly substantially.

discussion
davefairtex
By davefairtex on Tue, Jul 10, 2018 - 3:12am

PM Daily Market Commentary - 7/9/2018

Gold rose +2.40 [+0.19%] to 1258.30 on heavy volume, while silver climbed +0.07 [+0.47%] to 16.14 on moderate volume. The buck inched up +0.02%; it was not a factor today. Copper managed to rally substantially for the first time in weeks, up +1.83%. Does this mark the low for copper? Candle code says: 56%, but the longer-term reality is, where copper really goes next will depend on tariffs, and Chinese economic performance.

discussion
davefairtex
By davefairtex on Sun, Jul 8, 2018 - 3:27am

PM End of Week Market Commentary - 2018-07-06

On Friday, gold fell -2.90 [-0.23%] on moderate volume, while silver edged down -0.02 [-0.12%] to 16.07 on moderately light volume. The buck fell -0.49% - a large move down, and the drop did not seem to help the metals at all.