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Silver May '18 (SIK18)
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Silver Futures Market News and Commentary

Dollar Gains on Strong U.S. Economic News

The dollar index (DXY00) on Friday rose by +0.45% and posted a 3-week high. The dollar moved higher Friday after stronger-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment dampened speculation the Fed would begin cutting rates as soon as Q1. The dollar fell back from its best levels Friday after stocks recovered early losses and moved higher, curbing liquidity demand for the dollar. 

Friday’s U.S. economic news was hawkish for Fed policy and bullish for the dollar.  Nov nonfarm payrolls rose +199,000, stronger than expectations of +185,000.  Also, the Nov unemployment rate fell -0.2 to a 4-month low of 3.7%, showing a stronger labor market than expectations of no change at 3.9%.  In addition, the University of Michigan U.S. Dec consumer sentiment index rose +8.1 to a 4-month high of 69.4, stronger than expectations of 62.0.

The markets are discounting a 1% chance for a +25 bp rate hike at the next FOMC meeting on Dec 12-13 FOMC and a 0% chanc... 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
04/30/18
Expiration Date
05/29/18 (expired)

Seasonal Chart

Silver May '18
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Dec 5, 2023

View Chart Details
Commercials - Long / Short
40,974 (+687)
92,988 (+4,846)
Non-Commercials - Long / Short
63,241 (+361)
26,938 (-1,662)
Producers - Long / Short
4,714 (+1,242)
41,340 (+1,017)
Swap Dealers - Long / Short
33,328 (+283)
48,716 (+4,667)
Managed Money - Long / Short
43,852 (-1,752)
22,322 (+480)
Other Reportables - Long / Short
19,389 (+2,113)
4,616 (-2,142)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
15.995 +1.94%
on 05/01/18
16.725 -2.51%
on 05/11/18
-0.101 (-0.62%)
since 04/27/18
3-Month
15.995 +1.94%
on 05/01/18
17.360 -6.08%
on 04/19/18
-0.102 (-0.62%)
since 02/28/18
52-Week
15.685 +3.95%
on 07/07/17
18.385 -11.31%
on 09/08/17
-1.362 (-7.71%)
since 05/26/17

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Most Recent Stories

More News
Dollar Gains on Strong U.S. Economic News

The dollar index (DXY00 ) on Friday rose by +0.45% and posted a 3-week high. The dollar moved higher Friday after stronger-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment...

3 Gold Mining Stocks to Buy for More Upside

As gold futures solidify their footing above $2,000 an ounce, here's a look at three gold mining stocks that Wall Street expects to rally from current levels.

AEM : 51.24 (-2.42%)
GOLD : 16.79 (-2.50%)
NEM : 39.08 (-1.64%)
Stocks Rally as Soft-Landing Prospects Improve

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks...

Gold/Silver: Everything is Riding on this Number! - The Metals Minute w/ Phil Streible

Phil Streible with Blue Line Futures discusses Gold, Silver, Copper, Platinum, and other commodity topics.

Elliott Waves Video Ahead Of NFP

It will depend on actual US jobs data and revisions, but on yeilds weakness watch for kiwi strenght, but on yields strength watch euro weakness. Even if US yields will get some relief rally, I think this...

Dollar Slides as the Yen Soars on Possible BOJ Policy Shift

The dollar index (DXY00 ) on Thursday fell by -0.58%. Thursday’s main bearish factor for the dollar was a sharp rally in the yen to a 4-month high on speculation that the BOJ might soon exit its ultra-easy...

The Most Important Analogy for the Markets, Including Gold

Some say that war never changes, and to some aspects that’s true. But markets reactions to war are also remarkably similar.

Strength in Technology Stocks Lifts the Overall Market

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.16%. Stocks...

Dollar Recovers Early Losses as Stocks Fade

The dollar index (DXY00 ) on Wednesday rose by +0.12% and posted a 2-week high. On Wednesday, the dollar recovered from early losses and moved higher after stocks gave up an early advance and turned lower,...

Stocks Mixed as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. Stocks...

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 16.432
1st Resistance Point 16.368
Last Price 16.305s
1st Support Level 16.273
2nd Support Level 16.242
3rd Support Level N/A

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52-Week High 18.385
Fibonacci 61.8% 17.354
Fibonacci 50% 17.035
Fibonacci 38.2% 16.716
Last Price 16.305s
52-Week Low 15.685

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