{"id":521327,"date":"2017-07-12T22:23:36","date_gmt":"2017-07-12T22:23:36","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=521327"},"modified":"2017-07-12T22:23:36","modified_gmt":"2017-07-12T22:23:36","slug":"these-charts-will-give-silver-price-bulls-hope-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=521327","title":{"rendered":"These charts will give silver price bulls hope"},"content":{"rendered":"

By analyst<\/a><\/span> <\/p>\n

\"These<\/a><\/div>\n

By Frik Els<\/a><\/span> <\/p>\n

<\/div>\n

September silver contracts were priced at $15.88 per ounce in afternoon trade in New York after earlier in the day trading just short of the $16 level. On Monday, silver futures dropped to the lowest level since April last year before rallying.<\/p>\n

Silver is now up over 6% after hitting an intra-day low of $15.14 at the start of the week following a flash crash on Friday which was blamed on a software glitch.<\/p>\n

Via www.tradingfloor.com<\/p>\n

\nHedge funds or so-called managed money investors in silver futures have been exiting bullish positions at a rapid pace in recent weeks according to trader positioning data supplied by the government.<\/p>\n

In a trading note Ole Hansen, Head of Commodity Strategy at Saxo Bank points out overall bullish positioning or net longs in silver held by derivatives traders have plummeted from a record high in April to a more than 18-month low last week.<\/p>\n

But silver ETF investors are taking an entirely different view of the market. Silver ETF holdings have shot back up recently coming within shouting distance of record highs:<\/p>\n

These tactical and often short-term developments in hedge funds’ behaviour once again stand in sharp contrast to the behaviour of investors using exchange-traded products. Despite the recent price weakness, the total holdings in gold and silver ETPs have seen a steady increase \u2014 not least in silver where total holdings have returned to the record level reached last October.<\/p>\n

What should also give silver price bulls hope is that despite recent weakness, the silver price managed to bounce off support levels and continue an uptrend in place since 2003.<\/p>\n

Via www.tradingfloor.com<\/p>\n

The post These charts will give silver price bulls hope appeared first on MINING.com.<\/p>\n

\u2026read more<\/a> <\/p>\n

Source:: Infomine<\/a><\/p>\n

The post <\/a>These charts will give silver price bulls hope<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By analyst By Frik Els September silver contracts were priced at $15.88 per ounce in afternoon trade in New York after earlier in the day trading just short of the $16 level. On Monday, silver futures dropped to the lowest level since April last year before rallying. Silver is now up over 6% after hitting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/521327"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=521327"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/521327\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=521327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=521327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=521327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}