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Silver Micro Dec '23 (SOZ23)

24.375s +0.231 (+0.96%) 12/27/23 [COMEX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Wed, Dec 27th, 2023
Day Low
24.335
Day High
24.375
Open 24.335
Previous Close 24.144 24.144
Volume 4 4
Open Interest 297 297
Relative Strength 56.80% 56.80%
Weighted Alpha -0.39 -0.39
5-Day Change +0.335 (+1.39%) +0.335 (+1.39%)
52-Week Range 20.665 - 26.955 20.665 - 26.955
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Silver Micro Futures Market News and Commentary

Dollar Continues Lower on US Rate-Cut Expectations

The dollar index (DXY00) on Wednesday fell by -0.26%, adding to Tuesday's loss of -0.43%.  The dollar index continued lower on increased expectations for Fed rate cuts through year-end.  The dollar was also undercut by weaker dollar interest rate differentials, with the 10-year T-note yield falling by -5 bp.

Treasury Secretary Scott Bessent said on Wednesday that interest rates are "too constrictive" and that rates "should probably be 150, 175 basis points lower." He added, "There's a very good chance of a 50 basis point cut.  We could go into a series of rate cuts here, starting with a 50 basis point rate cut in September." The Fed is currently targeting the federal funds rate in the range of 4.25%-4.50% and the effective rate is currently at 4.33%. 

The markets have started to think about the chances for a -50 basis point rate cut in September, based on Monday's largely benign CPI report and the fact that the US labor market is slowing, with average monthly payroll gro... Read more

Contract Specifications

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Contract
E-Micro Silver
Contract Size
1,000 troy ounces
Tick Size
$0.005 per troy ounce ($5.00 per contract) (Settlement $0.001)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 12:25p.m.) CST
Exchange
COMEX
Point Value
$1,000
Margin/Maintenance
$3,300/3,000
First Notice Date
11/30/23
Expiration Date
12/27/23 (expired)

Seasonal Chart

Silver Micro Dec '23
Average Price Chart for 5 Prior Dec Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
22.580 +7.95%
on 12/13/23
Period Open: 24.681
25.945 -6.05%
on 12/04/23
-0.306 (-1.24%)
since 11/27/23
3-Month
20.845 +16.93%
on 10/04/23
Period Open: 22.724
25.945 -6.05%
on 12/04/23
+1.651 (+7.27%)
since 09/27/23
52-Week
20.665 +17.95%
on 03/08/23
Period Open: 25.068
26.955 -9.57%
on 05/05/23
-0.693 (-2.76%)
since 12/27/22

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Most Recent Stories

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Dollar Continues Lower on US Rate-Cut Expectations

The dollar index (DXY00 ) on Wednesday fell by -0.26%, adding to Tuesday's loss of -0.43%. The dollar index continued lower on increased expectations for Fed rate cuts through year-end. The dollar was...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.267 (-0.08%)
^EURUSD : 1.17079 (+0.03%)
Where Are Gold and Silver Prices Headed Next? The Bull and Bear Cases.

A quick, no-fluff take on precious metals markets today.

$DXY : 97.84 (-0.27%)
GCZ25 : 3,407.4 (-0.03%)
ESU25 : 6,487.75 (-0.02%)
SIU25 : 38.570 (-0.08%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
DXU25 : 97.662s (-0.27%)
V2Y00 : 4.240 (-1.17%)
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Precious Metals Jump on Weaker Dollar & Yields! Key Levels

Precious metals jump as the dollar and yields slip—Phil Streible maps out the key levels to watch in today’s Metals Minute.

Dollar Continues Lower on US Rate-Cut Expectations

The dollar index (DXY00 ) today is down -0.35%, adding to Tuesday's loss of -0.43%. The dollar index has continued lower on increased expectations for Fed rate cuts through year-end. The dollar is also...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.267 (-0.08%)
^EURUSD : 1.17079 (+0.03%)
Dollar Falls as CPI Report Boosts Chances of a Fed Rate Cut

The dollar index (DXY00 ) on Tuesday fell by -0.43% due to the increased chances of a Fed rate cut after the CPI report. The market boosted the chances for a Fed rate cut at the September meeting to 96%...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.267 (-0.08%)
^EURUSD : 1.17079 (+0.03%)
Will Palladium’s Rally Continue?

NYMEX palladium futures broke out on the upside in July when they moved over the October 2024 technical resistance level. While palladium futures have pulled back from their July high, the trend remains...

PAU25 : 1,146.00 (+1.30%)
PALL : 103.55 (+0.70%)
Dollar Trades Lower as CPI Report Boosts Chances of a Fed Rate Cut

The dollar index (DXY00 ) is down -0.28% today due to the increased chances of a Fed rate cut after today's CPI report. The market boosted the chances for a Fed rate cut at the September meeting to 96%...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.267 (-0.08%)
^EURUSD : 1.17079 (+0.03%)
ETF Gold Demand Highest Since 2023! CPI & ETHR in Focus

Gold ETF demand hits its highest level since 2023! With CPI data and ETHR in focus, Phil Streible breaks down the drivers in today’s Metals Minute.

Dollar Moves Higher Ahead of US CPI Report

The dollar index (DXY00 ) on Monday rose by +0.36% to a 1-week high. The dollar moved higher Monday as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.4 (-0.03%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.267 (-0.08%)
^EURUSD : 1.17079 (+0.03%)
Dollar Gains on Euro Weakness

The dollar index (DXY00 ) today is up by +0.38% at a 1-week high. The dollar is moving higher today as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Dollar Pressured by Expectations of a More Dovish Fed

The dollar index (DXY00 ) on Friday fell by -0.20%. The dollar moved lower on Friday but remained above Thursday's 1.5-week low. The dollar was under pressure after President Trump late Thursday nominated...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Can Gold Reach Another New High in Q3 2025?

Gold reached another new record peak in Q2 2025, marking the seventh consecutive quarterly high for the precious metal that is the world’s oldest store of value. While the price remains below the Q2...

IAUM : 33.49 (+0.36%)
GLTR : 142.26 (+0.85%)
BAR : 33.12 (+0.33%)
SGOL : 32.03 (+0.34%)
GCZ25 : 3,407.8 (-0.01%)
AAAU : 33.17 (+0.33%)
IAU : 63.29 (+0.30%)
GLD : 309.21 (+0.30%)
GLDM : 66.49 (+0.33%)
Bitcoin Continues to Hold All the Key Levels on Setbacks, Fibonacci

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

^BTCUSDT : 122,930.02 (+0.01%)
GBTC : 96.60 (+2.70%)
BITO : 22.27 (+2.72%)
Dollar Slips on President Trump's Nomination for Fed Governor

The dollar index (DXY00 ) today is down by -0.22%. The dollar is weaker today but remains above Thursday's 1.5-week low. The dollar is being undercut today from strength in stocks, which reduces liquidity...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Reports of Waller as New Fed Chair Seen as Dollar-Supportive

The dollar index (DXY00 ) on Thursday rose by +0.23%. The dollar recovered from a 1.5-week low today and turned higher on reports that President Trump was seen as favoring Fed Governor Waller to be the...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Dollar Pushes Higher After US Labor Cost Report

The dollar index (DXY00 ) today is up by +0.19%. The dollar recovered from a 1.5-week low today and turned higher as short covering emerged after the US unit labor cost report was slightly stronger than...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Precious Metals Surge Overnight! $40 Next Stop for Silver?

Precious metals surge overnight—could $40 be the next stop for silver? Phil Streible breaks down the momentum in today’s Metals Minute.

Dollar Falls on Dovish Fed Comments

The dollar index (DXY00 ) on Wednesday fell by -0.61% to a 1-week low. Hawkish comments from ECB Governing Council member Holzmann on Wednesday boosted EUR/USD to a 1-week high, undercutting the dollar,...

DXY00 : 97.840s (-0.26%)
GCZ25 : 3,407.8 (-0.01%)
SIU25 : 38.570 (-0.08%)
^USDJPY : 147.266 (-0.08%)
^EURUSD : 1.17078 (+0.02%)
Have Metals Gone Softs?

Though the situation continues to evolve, the question remains as to if the Metals sector has become the new Softs, meaning record highs are on the horizon over the coming years.

KCU25 : 319.60s (+1.41%)
OJU25 : 245.20s (-3.33%)
HGY00 : 4.5000s (+1.67%)
GCY00 : 3,357.92 (+0.06%)
PLV25 : 1,348.3 (+0.41%)
CCU25 : 8,566s (-2.58%)
SIY00 : 38.5365 (+0.07%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 24.428
2nd Resistance Point 24.402
1st Resistance Point 24.388
Last Price 24.375s
1st Support Level 24.348
2nd Support Level 24.322
3rd Support Level 24.308

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52-Week High 26.955
Fibonacci 61.8% 24.552
Last Price 24.375s
Fibonacci 50% 23.810
Fibonacci 38.2% 23.068
52-Week Low 20.665

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