| Silver Was Treading Water as 2015 Came to an End | |
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Precious Metals Are Happy to Say Goodbye to 2015 (Continued from Prior Part) Two-week low
Silver has been the worst-performing precious metal during the past five trading days. Silver lost about 2.9% on a five-day-trailing basis and 1.5% on a 30-day-trailing basis. Silver futures for March 2016 expiry lost 0.62% and closed at $13.8 per ounce. This is the lowest close silver has had in about two weeks. The trading volumes are also almost half what they were near the December Federal meeting. Silver has been range-bound from $13.8 to $14.4. However, the volatility for silver is around 23, which is way higher than that of gold.
Technical analysis
The open interest seen in gold and silver futures contracts is more on call than on put. Higher call open interest may suggest that the trades are looking up for these metals and that we could see a rebound in prices. The RSI (relative strength index), which measures undervaluation and overvaluation, is at 43, just as it is for gold. The sentiment in the precious metals market has been bearish since the start of December. The RSI level was trading close to 30, which gradually rose to 50 during the Federal Reserve meeting. Now it is down once again.
The current trading price for silver is at a 6.7% discount from its 100-day moving average price of $14.8. The lower RSI and discount from the 100-day moving average suggests undervaluation. A possible rebound in silver prices may also lift up stocks like Coeur Mining (CDE), Pan American Silver (PAAS), and Silver Wheaton (SLW). The ETFs that may also benefit from a rise in silver include the iShares Silver Trust (SLV) and the Global X Silver Miners ETF (SIL).
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Silver Wheaton
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PRODUCTEUR |
CODE : SLW.TO |
ISIN : CA8283361076 |
CUSIP : 828336107 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Wheaton est une société basée au Canada. Silver Wheaton est productrice d'argent, de cuivre, d'or, de plomb, de silica et de zinc au Canada, au Mexique, au Perou, au Portugal, en Grece et en Suede, en développement de projets d'argent, de cuivre, d'or et de zinc au Canada et au Chili, et détient divers projets d'exploration au Portugal et en Argentine. Ses principaux projets en production sont ZINKGRUVAN en Suede, KENO HILL (BELLEKENO) et MINTO MINE au Canada, SAN MARTIN - LUISMIN, PEÑASQUITO, LUISMIN et G-9 CAMPO MORADO au Mexique, YAULIYACU au Perou, STRATONI en Grece et NEVES-CORVO au Portugal, ses principaux projets en développement sont PASCUA LAMA au Chili et KUTCHO CREEK au Canada et ses principaux projets en exploration sont PROMOTORIO DURANGO et MONTOROS au Mexique, ALJUSTREL au Portugal et LOMA DE LA PLATA (NAVIDAD) en Argentine. Silver Wheaton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 12,6 milliards CA$ (9,2 milliards US$, 8,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 09 mars 2007 à 10,01 CA$, et son plus haut niveau récent le 15 mai 2017 à 28,53 CA$. Silver Wheaton possède 441 520 000 actions en circulation. |