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Silver May '24 (SIK24)

32.203s +0.232 (+0.73%) 05/29/24 [COMEX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Wed, May 29th, 2024
Day Low
32.203
Day High
32.203
Open 0.000
Previous Close 31.971 31.971
Volume 0 0
Open Interest 26 26
Stochastic %K 80.79% 80.79%
Weighted Alpha +42.41 +42.41
5-Day Change +0.335 (+1.05%) +0.335 (+1.05%)
52-Week Range 21.400 - 32.500 21.400 - 32.500
  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
  • MAX
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Silver Futures Market News and Commentary

Dollar Gains and Gold Posts a Record High on Tariff Concerns

The dollar index (DXY00) Monday rose by +0.17%.  The dollar on Monday recovered from a 1-week low and turned higher as US tariff concerns roiled global equity markets and boosted safe-haven demand for the dollar.  The dollar extended its gains after the March MNI Chicago PMI unexpectedly rose to a 16-month high.  Gains in the dollar were limited due to concerns that US tariffs would derail economic growth. 

The US March MNI Chicago PMI unexpectedly rose +2.1 to a 16-month high of 47.6, stronger than expectations of a decline to 45.0.

The US Dallas Fed March manufacturing activity outlook survey unexpectedly fell -8.0 to an 8-month low of -16.3, weaker than expectations of an increase to -5.0.

Richmond Fed President Barkin said it would take time before policymakers have a clearer idea on how President Trump's tariff policies might affect their interest rate decisions, and they would need confidence that inflation will move down before lowering interest rates again.... 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
$13,200/12,000
First Notice Date
04/30/24
Expiration Date
05/29/24 (expired)

Seasonal Chart

Silver May '24
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Mar 25, 2025

View Chart Details
Commercials - Long / Short
32,304 (+825)
113,009 (-125)
Non-Commercials - Long / Short
85,712 (-1,889)
24,762 (-541)
Producers - Long / Short
3,615 (+529)
41,209 (+1,051)
Swap Dealers - Long / Short
23,378 (+335)
66,489 (-1,137)
Managed Money - Long / Short
59,841 (-2,901)
14,449 (+1,195)
Other Reportables - Long / Short
25,871 (+1,012)
10,313 (-1,736)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
26.035 +23.69%
on 05/02/24
Period Open: 27.373
32.500 -0.91%
on 05/21/24
+4.830 (+17.65%)
since 04/29/24
3-Month
22.710 +41.80%
on 03/01/24
Period Open: 22.885
32.500 -0.91%
on 05/21/24
+9.318 (+40.72%)
since 02/29/24
52-Week
21.400 +50.48%
on 10/04/23
Period Open: 24.403
32.500 -0.91%
on 05/21/24
+7.800 (+31.96%)
since 05/26/23

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Most Recent Stories

More News
One Quarter in the Books for 2025 - What’s Next for Stocks and Commodities?

As the Q1 stocks and commodities markets have been controlled by tariff news, traders try to find opportunities to invest in.

Dollar Gains and Gold Posts a Record High on Tariff Concerns

The dollar index (DXY00 ) Monday rose by +0.17%. The dollar on Monday recovered from a 1-week low and turned higher as US tariff concerns roiled global equity markets and boosted safe-haven demand for...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
Dollar Firms and Gold Soars to a Record High as Equity Markets Tumble

The dollar index (DXY00 ) today is up by +0.27%. The dollar today recovered from a 1-week low and turned higher as the slump in equity markets fueled liquidity demand for the dollar. The dollar extended...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
Copper Weighs in on Silver's Rally - S&P Price Targets

Phil Streible breaks down the latest in precious metals as copper’s strength fuels silver’s rally. Plus, key S&P price targets to watch in today’s Metals Minute—tune in!

Looking to Buy July Silver Futures? Here Are the Levels to Watch for the Safe-Haven Play.

With safe-haven demand supporting the silver market, the precious metal could present a significant buying opportunity.

SIN25 : 35.220 (+0.82%)
GCN25 : 3,184.0 (+0.68%)
Dollar Declines on Weak US Economic News

The dollar index (DXY00 ) Friday fell by -0.29%. The dollar gave up an early advance Friday and turned lower after the University of Michigan March US consumer sentiment index was revised downward to...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
Dollar Turns Lower as US Consumer Sentiment Falls

The dollar index (DXY00 ) today is down by -0.32%. The dollar gave up an early advance today and turned lower after the University of Michigan March US consumer sentiment index was revised downward to...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
Precious Metals Breakout! - Silver Squeeze Underway?

Precious metals surge as silver squeezes higher—momentum building or a breakout fake-out? Phil Streible breaks it all down in today’s Metals Minute—tune in!

Dollar Declines and Gold Jumps to a Record High on US Auto Tariffs

The dollar index (DXY00 ) Thursday fell by -0.21%. The dollar was under pressure Thursday due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
Dollar Falls as Tariffs Spark Growth Concerns

The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.885 (+0.79%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08204 (+0.05%)
New Price Targets & ETF Inflows Drive Gold to Record Highs!

New price targets and surging ETF inflows push gold to record highs! Phil Streible breaks down the key levels and what’s next in today’s Metals Minute—tune in!

What Do Goldilocks, Horseshoes, and Candlesticks Tell Us About Dr. Copper?

The copper market, an industrial economic indicator market, has been climbing higher, overshadowed by the safe-have gold market.

HGY00 : 5.0320s (-1.90%)
GCY00 : 3,143.83 (+0.64%)
HGK25 : 5.0885 (+1.08%)
Hawkish Fed Commentary and Weak Stocks Boost the Dollar

The dollar index (DXY00 ) Wednesday rose by +0.37% and posted a 3-week high. Hawkish Fed commentary Wednesday pushed T-note yields higher and boosted the dollar. Chicago Fed President Goolsbee, Minneapolis...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.880 (+0.78%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08205 (+0.05%)
Silver Analogies, Copper's FAKE Breakout, and Tariffs

Dr. Copper can have meaningful insights into the health of the economy. But what if the Dr. himself is sick?

Dollar Supported by Higher Bond Yields and Hawkish Fed Comments

The dollar index (DXY00 ) today is up by +0.19% on support from higher T-note yields. Also, hawkish comments today from Chicago Fed President Goolsbee boosted the dollar when he said the next Fed rate...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.880 (+0.78%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08205 (+0.05%)
Copper Record Highs! Is $3500 Gold Next? Silver $50?

Copper hits record highs—could $3,500 gold and $50 silver be next? Phil Streible breaks down the key levels and what to watch in today’s Metals Minute—tune in!

The Bull and Bear Cases for Gold and Silver Futures: How You Should Play Precious Metals Here

Long-term investors should still feel comfortable in gold and silver, but traders should remember that even bull markets can experience significant correctons.

$DXY : 104.10 (-0.11%)
CBK25 : 74.74s (+1.51%)
DXY00 : 104.098 (-0.11%)
CLK25 : 71.65 (+0.24%)
ZBM25 : 117-28 (+0.51%)
GCJ25 : 3,146.9 (+0.77%)
SIK25 : 34.880 (+0.78%)
DXM25 : 103.780 (-0.10%)
ZBM25 : 117-28 (+0.51%)
CAK25 : 6,198s (-0.97%)
Dollar Edges Lower on Waning US Consumer Confidence

The dollar index (DXY00 ) on Tuesday fell by -0.10%. The dollar Tuesday fell from a 2-1/2 week high and posted modest losses. The dollar is also under pressure on reports that US reciprocal tariffs scheduled...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.880 (+0.78%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08205 (+0.05%)
Gold to Bonds Ratio Hits Critical 2011 Resistance - Technical Warning Sign?

Don't ignore this powerful analogy.

Dollar Slips on Weakness in US Consumer Confidence

The dollar index (DXY00 ) today is down by -0.13%. The dollar today fell from a 2-1/2 week high and is moderately lower. Uncertainty over President Trump's tariff plans has sparked long liquidation in...

DXY00 : 104.098 (-0.11%)
GCM25 : 3,173.1 (+0.72%)
SIK25 : 34.880 (+0.78%)
^USDJPY : 149.593 (-0.25%)
^EURUSD : 1.08205 (+0.05%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 32.203
2nd Resistance Point 32.203
1st Resistance Point 32.203
Last Price 32.203s
1st Support Level 32.203
2nd Support Level 32.203
3rd Support Level 32.203

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52-Week High 32.500
Last Price 32.203s
Fibonacci 61.8% 28.260
Fibonacci 50% 26.950
Fibonacci 38.2% 25.640
52-Week Low 21.400

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