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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. |
