JPMorgan Off the Hook, Silver Above $29
This week, a JPMorgan silver manipulation case was put to rest as silver rose for a close above $29.
Articles Tagged "federal reserve"
A Week of Brutal Price Action for Silver
Silver prices have been slashed over the past week.
Silver Rises on ECB News
After losses last week prompted by one central bank — the Federal Reserve — silver gained on news from the ECB, another central bank.
Silver Dives Day After FOMC News
Silver initially responded well to news from the Federal Open Market Committee meeting. However, a day later the market came under severe pressure.
Silver Prices Volatile but Range-Bound
Silver prices have been volatile intraday, but market pressure has kept a lid on any significant gains.
Silver Soars on Aggressive Fed Action
Silver prices rallied after the Federal Reserve announced a surprisingly aggressive new program.
Silver Happy with Central Bankers, Flirts with $33
Central bankers have provided silver with the support to rise to fresh highs.
Silver Stalls Ahead of Fed Event
Silver tried to rise above $31, but with the market awaiting news from the Fed it was unable to sustain that level.
Silver Over Gold, Regardless of Fed Moves
Usually valued at 12 to 16 times more than silver, gold is now worth about 50 times more than the white metal. That points to an increase for silver in the near future.
Silver Rises Above $28 Resistance, Then Falls
Silver started the week with a momentum that drove the metal above $28. But by the close of key central bank meetings support had faded and prices fell.
