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Silver Dec '22 (SIZ22)
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Silver Futures Market News and Commentary

Dollar Rallies on Higher Bond Yields and Weak Stocks

The dollar index (DXY00) on Tuesday rose by +0.20% and climbed to a 9-3/4 month high.   Hawkish comments from Minneapolis Fed President Kashkari Tuesday supported the dollar when he said he expects the Fed to raise interest rates again this year.  Also, weakness in the euro was bullish for the dollar after dovish ECB comments knocked EUR/USD down to a 6-1/2 month low.  In addition, higher T-note yields and a slump in stocks were positive for the dollar.  However, gains in the dollar were limited by weaker-than-expected U.S. new home sales and consumer confidence reports. 

Tuesday’s U.S. economic news was mixed for the dollar.  On the positive side, the Jul S&P CoreLogic composite-20 home price index unexpectedly rose +0.13% y/y, the first year-on-year increase in 5 months and stronger than expectations of a -0.10% y/y decline.  Also, the Sep Richmond Fed manufacturing survey rose +12 to a 17-month high of 5, stronger than expectations of no change at -7.

On the bearish s... Read more

Contract Specifications

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Contract
Silver 5,000-oz
Contract Size
5,000 troy ounces
Tick Size
$0.005 per troy ounce ($25.00 per contract) (Settlement $0.001)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 7:25a.m. - 12:25p.m.) (Settles 12:25p.m.) CST
Exchange
COMEX
Point Value
$5,000
Margin/Maintenance
$8,800/8,000
First Notice Date
11/30/22
Expiration Date
12/28/22 (expired)

Seasonal Chart

Silver Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 19, 2023

View Chart Details
Commercials - Long / Short
40,917 (+887)
70,704 (-1,366)
Non-Commercials - Long / Short
50,699 (-2,264)
35,468 (+538)
Producers - Long / Short
4,017 (+816)
31,819 (-692)
Swap Dealers - Long / Short
32,878 (+197)
34,863 (-548)
Managed Money - Long / Short
32,700 (+985)
31,346 (+199)
Other Reportables - Long / Short
17,999 (-3,249)
4,122 (+339)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
20.845 +13.52%
on 11/29/22
24.170 -2.10%
on 12/20/22
+2.748 (+13.14%)
since 11/28/22
3-Month
18.010 +31.39%
on 10/14/22
24.170 -2.10%
on 12/20/22
+4.783 (+25.33%)
since 09/28/22
52-Week
17.400 +35.99%
on 09/01/22
27.500 -13.95%
on 03/08/22
+0.362 (+1.55%)
since 12/28/21

More Silver Quotes

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Most Recent Stories

More News
AISI: U.S. Raw Steel Output Surged in the Latest Week

The production was 1.733 million NT during the week ended September 16, 2023.

HVV23 : 697.00s (-1.27%)
THV23 : 390.00s (unch)
C-V23 : 372.00s (unch)
V7X23 : 553.00s (-0.36%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
25th September, 2023: Chinese Scrap Metal Prices Dropped on Index

The prices of UBC and Zorba 90% INF recorded decline by CNY 50 per MT from the previous day.

Gold Price Premium Surged to Hit Record Level in China: WGC

However, the month of August marked significant surge in premiums, thus resulting in significant deviation from its mean values.

GCZ23 : 1,920.3 (+0.03%)
GRZ23 : 1,920.3 (+0.03%)
25th September, 2023: Scrap Gold, Silver and Platinum Prices Soared on Index

In the Hallmarked category, the 14 carat gold scrap prices were up by $ 7.01 per Oz.

Alcoa Corporation Declared Key Leadership Transition

The company will continue to remain focused on executing its strategies to create value, he said.

ALZ23 : 2,247.25 (-0.02%)
Q8Z23 : 2,245.00s (+0.49%)
R8V23 : 1,544.50s (unch)
ALPAUSY15.CM : 0.6939 (unch)
ALPAUSY51.CM : 0.4211 (-0.21%)
World Crude Steel Output Increased in August

The Asia and Oceania region recorded modest year-on-year rise in output by 3.50%.

HVV23 : 697.00s (-1.27%)
THV23 : 390.00s (unch)
C-V23 : 372.00s (unch)
V7X23 : 553.00s (-0.36%)
V5U23 : 714.50s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
DENR Opens First E-Waste Materials Recovery Facility Outside NCR

Teh said the proper management of e-waste could help mitigate the impact of climate change and address water pollution.

U8V23 : 33,082.00s (unch)
Dollar Rallies on Higher Bond Yields and Weak Stocks

The dollar index (DXY00 ) on Tuesday rose by +0.20% and climbed to a 9-3/4 month high. Hawkish comments from Minneapolis Fed President Kashkari Tuesday supported the dollar when he said he expects the...

DXY00 : 106.174 (-0.05%)
^EURUSD : 1.05692 (-0.02%)
^USDJPY : 148.888 (-0.13%)
GCZ23 : 1,920.3 (+0.03%)
SIZ23 : 23.075 (-0.52%)
Rising Copper Thefts Hit Infrastructure, Businesses

The most spectacular copper theft of all time in Germany, though, happened at copper manufacturing and recycling company Aurubis in August.

HGZ23 : 3.6495 (+0.01%)
HJU23 : 3.7139s (-0.13%)
QCZ23 : 3.6500 (+0.03%)
O9Z23 : 8,089.75s (-0.65%)
CUPAUSY2.CM : 2.7495 (-1.11%)
CUPAUSY6.CM : 2.4398 (+0.02%)
CUPAUSY1.CM : 2.8143 (unch)
Buy This Mining Stock Now for the Inevitable Copper Shortage

The decarbonization of the world’s power grids and auto fleets will drive up demand for copper, and investors should buy this top mining stock to take advantage as demand overwhelms supply.

FCX : 36.57 (-1.69%)
HGZ23 : 3.6495 (+0.01%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 24.487
2nd Resistance Point 24.291
1st Resistance Point 23.977
Last Price 23.663s
1st Support Level 23.467
2nd Support Level 23.271
3rd Support Level 22.957

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52-Week High 27.500
Last Price 23.663s
Fibonacci 61.8% 23.642
Fibonacci 50% 22.450
Fibonacci 38.2% 21.258
52-Week Low 17.400

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