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Silver Jul '23 (SIN23)
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Silver Futures Market News and Commentary

Stocks Mixed as Bond Rout Eases

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 down -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.42%.

Stocks this morning are mixed, with the Dow Jones Industrials falling to a 4-month low.  Lower bond yields today have temporarily eased interest rate concerns and support stocks.  T-note yields fell after September's monthly ADP employment report showed fewer jobs than expected, a dovish factor for Fed policy.  Stock indexes fell back from their best levels as energy stocks declined after crude prices tumbled more than -3% to a 3-week low.  Also, the stronger-than-expected Sep ISM services and Aug factory orders reports lifted T-note yields from their lowest levels and weighed on stocks.

The U.S. Sep ADP employment change rose +89,000, weaker than expectations of +150,000 and the smallest increase in over 2-1/2 years.

The U.S. Sep ISM services index fell -0.9 to 53.6, str... 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
06/30/23
Expiration Date
07/27/23 (expired)

Seasonal Chart

Silver Jul '23
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Sep 26, 2023

View Chart Details
Commercials - Long / Short
40,346 (-571)
73,426 (+2,722)
Non-Commercials - Long / Short
51,539 (+840)
31,434 (-4,034)
Producers - Long / Short
3,583 (-434)
31,776 (-43)
Swap Dealers - Long / Short
32,350 (-528)
37,237 (+2,374)
Managed Money - Long / Short
32,719 (+19)
27,452 (-3,894)
Other Reportables - Long / Short
18,820 (+821)
3,982 (-140)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
22.295 +8.71%
on 06/29/23
25.280 -4.13%
on 07/20/23
+1.276 (+5.56%)
since 06/27/23
3-Month
22.140 +9.47%
on 06/23/23
26.435 -8.32%
on 05/05/23
-0.973 (-3.86%)
since 04/27/23
52-Week
17.900 +35.40%
on 09/01/22
26.435 -8.32%
on 05/05/23
+5.065 (+26.42%)
since 07/27/22

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Most Recent Stories

More News
3rd October, 2023: Scrap Gold, Silver and Platinum Prices Dipped on Index

In the Non-Hallmarked category, the 14 carat gold scrap prices went lower by $ 20.10 per Oz.

Top Kenyan Official Calls for Strict Enforcement of E-Waste Dumping Rules

As part of the efforts to curb e-waste, the country has partnered with the World Bank, Konza City and NEMA to establish a modern e-waste recycling plant in Konza City.

U8V23 : 33,044.50s (-0.02%)
Research Aims to Cut Emissions from Steelmaking Process

EPIXC focuses on developing technologies to replace fossil-fuel-based heating with electric power sources.

HVV23 : 691.00s (+0.73%)
THV23 : 390.00s (unch)
C-X23 : 374.00s (-0.27%)
V7X23 : 549.00s (-0.54%)
V5V23 : 700.00s (+1.16%)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Fire at Rusal Aluminum Smelter in Siberia Extinguished

According to the emergency officials, there were no casualties.

ALZ23 : 2,250.50s (-2.15%)
Q8Z23 : 2,289.25s (-1.44%)
R8V23 : 1,544.50s (unch)
ALPAUSY15.CM : 0.6939 (unch)
ALPAUSY51.CM : 0.4211 (-0.21%)
Tightening of EU Scrap Export Ban in Planning?

If the EU steel producers would focus on sustainable production of green DRI and also implement it, they would not have to use so much scrap.

Lundin Mining Says CEO to Step Down, Names Jack Lundin as Successor

His late father, Lukas H. Lundin, co-founded Lundin Mining.

Thyssenkrupp May Divest its Steel Unit by Year-End

The parties are expected to sign a deal by the end of this year, although spokespeople from both sides have declined to comment on the issue.

HVV23 : 691.00s (+0.73%)
THV23 : 390.00s (unch)
C-X23 : 374.00s (-0.27%)
V7X23 : 549.00s (-0.54%)
V5V23 : 700.00s (+1.16%)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Newmont Announced Top Executive Leadership Changes

She will also be in charge of incorporating Newcrest’s people and assets into Newmont, further to the completion of the acquisition deal.

Platinum (PL) Correction Remains In Progress

Platinum (PL) is still correcting cycle from 9.1.2022 low before the rally resumes. We also present an alternate view if the pivot at September 2022 low (796.8) fails. If it breaks below 796.8, it suggests...

BMRA Raised Red Flag Over Surge in Scrap Metal Theft Offences

Metal thefts can have huge impact on communities, warned the association.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 24.236
2nd Resistance Point 24.236
1st Resistance Point 24.236
Last Price 24.236s
1st Support Level 24.236
2nd Support Level 24.236
3rd Support Level 24.236

See More

52-Week High 26.435
Last Price 24.236s
Fibonacci 61.8% 23.175
Fibonacci 50% 22.167
Fibonacci 38.2% 21.160
52-Week Low 17.900

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