Commodity Prices

Gold •664 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,949.40	-9.40	-0.48%
WTI Crude •11 mins	99.74	-0.19	-0.19%
Gasoline •2 hours	3.554	-0.006	-0.17%
Ethanol •664 days	2.161	+0.000	+0.00%
Silver •664 days	30.82	+1.16	+3.92%

Silver • 664 days	30.82	+1.16	+3.92%
Copper • 664 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.69	+0.43	+0.39%
Natural Gas • 11 mins	2.678	-0.013	-0.48%
Heating Oil • 17 mins	3.972	+0.001	+0.02%

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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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