The gold and silver market bulls on Wednesday gained fresh upside near-term technical momentum.
What is unique about the silver market, of course, is that silver went to all-time highs.
The silver market dominated the news last week, as many are trying to pick a top.
However, the gold and silver market bulls have regained some upside near-term technical momentum recently.
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This is an early chart clue that the silver market has put in a near-term bottom.
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Chart-related selling was also featured Wednesday as gold and silver market bears remain in near-term technical control.
Safe-haven buying interest has resurfaced in the gold market, and even in the silver market, this week.
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Such would suggest the silver market has put in a near-term low and prices can then trend higher.
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Such would suggest the silver market has put in a near-term low and prices can continue to trend higher.
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The dollar index remains in a weak near-term technical posture, which also encourages the gold and silver market bulls.
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Meantime, the silver market bulls this week have also gained good technical strength.
Such would then suggest the silver market has put in a near-term low.
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Technically, gold and silver market bulls are now on the ropes and need to show some good power soon.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Light Short Covering and Bargain Hunting
Ambani had noticed that the riyal exchange to the British pound was lower than its worth on the silver market.
The gold and silver market bears still possess the firm near-term technical advantage, which continues to keep speculative buying interest squelched.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady as Fresh Fundamental Inputs Awaited
The gold and silver market bulls are still technically weak on a near-term basis, which continues to limit fresh speculative buying interest.
The gold and silver market bulls are maintaining their near-term technical advantage.
The gold and silver market bulls remain in solid near-term technical command.
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The gold and silver market bulls needed to step up and show some strength in order to avoid serious chart damage being inflicted.
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The silver market has been the poster child for volatile markets in 2011, but at this time last year, it was not trending.
In response to past pressure to conduct a probe, the CFTC has publically said it has been investigating possible manipulation in the silver market.
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What we are seeing in the silver market is truly incredible.
The Texas connections led to Khalid's involvement with the Hunt brothers' attempt to corner the silver market, which collapsed along with silver prices in 1980.
We do believe that the correction in the silver market will continue for sometime to come, as economic fundamentals will turn worse before they turn better.
The key outside markets were in a bearish posture for the silver market today as the U.S. dollar index was sharply higher and crude oil prices were solidly lower.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Firmer on Short Covering, Bargain Hunting
The gold and silver market bulls are still in firm near-term technical control as no chart damage has occurred recently and as prices hover just below their recent seven-month highs.
However, the silver market is also short-term oversold, technically.
The traders or the lone fantasist posting in his underwear made several prescient calls in the silver market in early 2011, but disappeared from view after the MF Global episode.
Mr Buffett may have been forced to go public after a lawsuit was filed last week against Phibro, the commodities arm of the Travelers financial-services group, alleging that it was trying to manipulate the silver market.
Gold and silver traders and investors were digesting news Wednesday that the U.S. Commodity Futures Trading Commission is looking into whether major banks are manipulating London gold and silver market prices via the London gold and silver morning and afternoon fixes.
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