• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks
    market news

    Silver Price Gives Back Some Gains

    Charlotte McLeod
    Mar. 23, 2015 09:56AM PST
    Silver Investing

    iNVEZZ.com reported that the silver price fell in European trading Monday morning after enjoying substantial gains last week. The news outlet notes that the rally in the metal’s price “had probably got ahead of itself.”

    iNVEZZ.com reported that the silver price fell in European trading Monday morning after enjoying substantial gains last week. The news outlet notes that the rally in the metal’s price “had probably got ahead of itself.”

    The news that pushed up the silver price last week was of course the US Federal Reserve’s indication that it may raise interest rates in the next few months.

    As quoted in the market news:

    Silver for immediate delivery was down 0.13 percent to $16.69 per troy ounce as of 06:30 GMT today, with a daily trading range of $16.62 – $16.82. The precious metal added about 7.5 percent last week, reaching a four-week high of $16.89.

    ‘Both the RSI and MACD have turned bullish, and the ADX has provided further confirmation of the turn,” analysts at Scotiabank said in a note on Friday. “We now look to further gains above $17.00 with a focus on $17.30.’

    Meanwhile, silver futures for settlement in May, the most traded contract on the COMEX in New York, were down 1.27 percent at $16.680. The contract gained about eight percent last week, setting a four-week high of $16.890 on Friday.

    Click here to read the full iNVEZZ.com report.

    market newssilver futures
    The Conversation (0)

    Go Deeper

    AI Powered
    Silver bars and US$100 bills with a rising chart overlay.

    Silver Price Surges Above US$44 Following Fed Rate Decision

    Silver bars and US$100 bills with a rising chart overlay.

    Silver Price Surges Above US$40 for First Time Since 2011

    Latest News

    Apollo Silver Announces Upsize of Private Placement Offering

    Locksley Advances Multiple Antimony & REE Workstreams

    Locksley Resources Limited Advances Multiple Antimony and REE Workstreams

    Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants

    LaFleur Minerals Joins AGORACOM!

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES