Current Price of Silver Chart

Current Price of Silver Chart

Market News

NEW YORK (May 17) The US Dollar (USD) is continuing its recovery on Friday for a second day in a row after the steep decline seen on... Read More »
LONDON (May 17) Silver price retraces its recent losses registered on Thursday, trading around $29.70 per troy ounce during the Asian... Read More »
NEW YORK (May 16) Silver prices are edging lower on Thursday after hitting a new high for the year earlier in the session. The... Read More »
 

Silver Phoenix 500 is a leading research site for investing insights and commentary about silver and other precious metals. Silver Phoenix 500 provides real-time silver price charts, silver commentary, and the latest silver news.

 

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Our benchmark SP500 is on long term BUY signal. Oil sector is on a long term SELL signal. Gold sector is on a long term SELL signal.

A few weeks ago we saw silver rally close to the $30 level, before a Friday afternoon reversal left the price closer to $28 by the time the trading session closed.

The monthly rise in prices based on the Consumer Price Index (CPI) came in slightly lower than projected, sending a wave of euphoria across the financial landscape. The consensus is cooling inflation puts Federal Reserve interest rate cuts back on the table.

Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.

Silver has broken out to a new daily 11-year high. The next strong target and resistance is $34-$35. The Gold/Silver ratio has lost trendline support. It closed at 80 with immediate downside target of 75 and later, 65 where there is major support.

The Silver Institute continues to report the silver market in a significant deficit for the 5th consecutive year, with the growth in solar panels being one of the main drivers.

Silver investors often hear a lot about the copper market, which shares similarities with silver, and has been facing a supply demand imbalance that's left investors wondering if we are headed towards a shortage of supply.

Fed officials and people in the Biden administration insist "we" are making progress in tamping down price inflation. Many market analysts are optimistic enough to believe that the central bank will be able to cut interest rates this fall.

Joining us today is Larry MacDonald, founder of the Bear Traps Report and author of the best-selling book "When Markets Speak." In this episode, Larry shares his insights on the potential dramatic changes in the prices of gold and silver by the end of 2024.

The latest CPI data comes out this Wednesday, with the markets looking for any clues that Jerome Powell may still cut interest rates this year as recently suggested.

I’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in 2023.  But silver isn’t the only metal facing market deficits. Analysts expect the platinum market to chart its...

With silver nearing $29 and starting to pull ahead of gold finally, a break of the 5-year-old triple top at $30 looks imminent. Back in the 1970s, the final test of the triple top at $6.50 occurred in the last week of October 1978, and the breakthrough occurred in...

Our long term stocks/bond model remains in favor of equities over bonds. Trend is down. Cycle is up. VIX is down.

Our cycle indicator is now DOWN. Current data favors overall lower silver prices.

If you follow alternative financial media, you'll often hear dollars derisively referred to as "fiat currency." What exactly does this term mean and why is it often used as a slur?

Spanish Conquistadores invaded the Inca Empire in 1528 to steal their silver and gold.

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