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Silver May '24 (SIK24)

32.203s +0.232 (+0.73%) 05/29/24 [COMEX]
N/A x N/A N/A x N/A
underlying price ()
Overview for Wed, May 29th, 2024
Day Low
32.203
Day High
32.203
Open 0.000
Previous Close 31.971 31.971
Volume 0 0
Open Interest 26 26
Stochastic %K 80.79% 80.79%
Weighted Alpha +42.41 +42.41
5-Day Change +0.335 (+1.05%) +0.335 (+1.05%)
52-Week Range 21.400 - 32.500 21.400 - 32.500
  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
  • MAX
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Silver Futures Market News and Commentary

Dollar Moves Higher as President Trump Eases Criticism of Fed Chair Powell

The dollar index (DXY00) on Friday rose by +0.30%.  The dollar rose Friday on comments made late Thursday from President Trump that firing Fed Chair Powell wasn’t necessary, easing concerns around the Fed’s independence that could spark foreign investors to shun dollar assets.  On the negative side was Friday’s report on US Jun capital goods new orders nondefense ex-aircraft & parts that unexpectedly declined.  Also, Friday’s rally in the S&P 500 to a new all-time high curbed liquidity demand for the dollar.

US Jun capital goods new orders nondefense ex-aircraft & parts unexpectedly fell -0.7% m/m, weaker than expectations of a +0.1% m/m increase. 

President Trump downplayed his clash with Fed Chair Powell, stating that there was “no tension” between them and that he simply wants to see interest rates lowered.

Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 64% at the following meeting on Septe... 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
$16,500/15,000
First Notice Date
04/30/24
Expiration Date
05/29/24 (expired)

Seasonal Chart

Silver May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Jul 22, 2025

View Chart Details
Commercials - Long / Short
36,803 (+1,337)
116,030 (+916)
Non-Commercials - Long / Short
85,678 (+656)
25,058 (-516)
Producers - Long / Short
5,089 (+946)
34,916 (+404)
Swap Dealers - Long / Short
27,795 (+557)
77,195 (+678)
Managed Money - Long / Short
60,294 (+528)
16,280 (-280)
Other Reportables - Long / Short
25,384 (+128)
8,778 (-236)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
26.035 +23.69%
on 05/02/24
Period Open: 27.373
32.500 -0.91%
on 05/21/24
+4.830 (+17.65%)
since 04/29/24
3-Month
22.710 +41.80%
on 03/01/24
Period Open: 22.885
32.500 -0.91%
on 05/21/24
+9.318 (+40.72%)
since 02/29/24
52-Week
21.400 +50.48%
on 10/04/23
Period Open: 24.403
32.500 -0.91%
on 05/21/24
+7.800 (+31.96%)
since 05/26/23

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Most Recent Stories

More News
Dollar Moves Higher as President Trump Eases Criticism of Fed Chair Powell

The dollar index (DXY00 ) on Friday rose by +0.30%. The dollar rose Friday on comments made late Thursday from President Trump that firing Fed Chair Powell wasn’t necessary, easing concerns around the...

DXY00 : 97.645s (+0.28%)
GCQ25 : 3,335.6s (-1.12%)
SIU25 : 38.365s (-2.19%)
^USDJPY : 147.667 (+0.46%)
^EURUSD : 1.17424 (-0.05%)
Walsh Pure Metals - Pure Hedge Division

A look at metal seasonals & technicals + options trading opportunities.

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Why are Precious Metals declining? Silver ETF Flows Surge

Why are precious metals declining—even as silver ETF flows surge? Phil Streible breaks it down in today’s Metals Minute.

Dollar Gains as President Trump Downplays Rift with Fed Chair Powell

The dollar index (DXY00 ) today is up by +0.35%. The dollar is climbing today on comments made late Thursday from President Trump that firing Fed Chair Powell wasn't necessary, easing concerns around...

DXY00 : 97.645s (+0.28%)
GCQ25 : 3,335.6s (-1.12%)
SIU25 : 38.365s (-2.19%)
^USDJPY : 147.667 (+0.46%)
^EURUSD : 1.17424 (-0.05%)
Dollar Edges Higher with T-Note Yields

The dollar index (DXY00 ) on Thursday rose by +0.19%. The dollar recovered from a 2.5-week low and moved higher as T-note yield rose after weekly jobless claims unexpectedly fell to a 3-month low, a sign...

DXY00 : 97.645s (+0.28%)
GCQ25 : 3,335.6s (-1.12%)
SIU25 : 38.365s (-2.19%)
^USDJPY : 147.667 (+0.46%)
^EURUSD : 1.17424 (-0.05%)
Dollar Pressured by Signs of Slower US Manufacturing Activity

The dollar index (DXY00 ) today is slightly lower by -0.03%. The dollar gave up an early advance and dropped to a 2.5-week low on today's weaker-than-expected US PMI and new home sales reports. The dollar...

DXY00 : 97.645s (+0.28%)
GCQ25 : 3,335.6s (-1.12%)
SIU25 : 38.365s (-2.19%)
^USDJPY : 147.667 (+0.46%)
^EURUSD : 1.17424 (-0.05%)
Walsh Pure Metals - Pure Hedge Division

An update on Gold, Silver, Copper, and Platinum. And some Options trading strategies.

Possible EU-US Trade Deal Weighs on the Dollar

The dollar index (DXY00 ) on Wednesday fell by -0.18%. The dollar gave up an early advance Wednesday and fell to a 2-week low. Improved prospects for an EU trade agreement with the US boosted the euro...

DXY00 : 97.645s (+0.28%)
GCQ25 : 3,335.6s (-1.12%)
SIU25 : 38.365s (-2.19%)
^USDJPY : 147.667 (+0.46%)
^EURUSD : 1.17424 (-0.05%)
As Silver Scores a Nearly 14-Year High, New Records Could Be Just Around the Corner for Precious Metals

Gold and silver could both hit new record highs before the Labor Day holiday in the U.S.

GCQ25 : 3,335.6s (-1.12%)
HGU25 : 5.7850s (-0.28%)
GCQ25 : 3,335.6s (-1.12%)
HGU25 : 5.7850s (-0.28%)
ESU25 : 6,425.00s (+0.37%)
SIU25 : 38.365s (-2.19%)
SIU25 : 38.365s (-2.19%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 32.203
2nd Resistance Point 32.203
1st Resistance Point 32.203
Last Price 32.203s
1st Support Level 32.203
2nd Support Level 32.203
3rd Support Level 32.203

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52-Week High 32.500
Last Price 32.203s
Fibonacci 61.8% 28.260
Fibonacci 50% 26.950
Fibonacci 38.2% 25.640
52-Week Low 21.400

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