Commodity Prices

Gold •354 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,286.30	+21.80	+1.72%
WTI Crude •10 mins	74.07	+0.23	+0.31%
Gasoline •10 mins	2.333	+0.003	+0.14%
Ethanol •354 days	2.161	+0.000	+0.00%
Silver •354 days	30.82	+1.16	+3.92%

Silver • 354 days	30.82	+1.16	+3.92%
Copper • 354 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	77.27	+0.26	+0.34%
Natural Gas • 10 mins	3.802	-0.045	-1.17%
Heating Oil • 10 mins	2.540	-0.002	-0.09%

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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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