Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,358.20	-3.50	-0.26%
WTI Crude •10 mins	64.18	-0.42	-0.65%
Gasoline •6 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	68.24	-0.38	-0.55%
Natural Gas • 10 mins	2.976	+0.032	+1.09%
Heating Oil • 7 hours	2.310	+0.015	+0.63%

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Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

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Hi Ho Silver

By Erik Swarts - Dec 05, 2012, 6:03 AM CST

The rubber band that is the US dollar index continues to extend from its late November hinge.

2011 SPX versus 2012 UUP
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Considering that weakness in silver has preceded major pivots lower in the euro - dollar bears would be wise to heed its call and take shelter for an early winter slumber. I am indeed biased here, but can appreciate the symmetry of their respective retracements. Both silver and the USDX exceeded mirrors of their 61.8% retracement levels. The bottom line though is that silver continues to hold prescience to risk appetites.

Silver Daily Chart
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