silver price forecast and outlook
Even though last week was short, the NFP report came out on Friday and surprised analysts – only 126K jobs were added, which was well below market estimates. This news is likely to resonate in the markets on Monday and…
The recent developments in the financial markets including a weaker U.S. dollar and lower interest kept the price of iShares Silver Trust (SLV) up. But as the silver market remains soft, do silver producers matter when it comes to the…
Even though the oil market has experienced high volatility, this hasn’t translated to sharp movement in precious metals prices. The U.S. GDP report came slightly short and Yellen’s testimony didn’t offer any big headlines, which left the bullion market to…
The financial markets shifted focus from Yellen to Yemen, which kept the high volatility mainly over the rising tensions in the Middle East. This week, the main report will to be released is the NF payroll. Other U.S. reports include:…
The bullion market got some positive news from the FOMC: The expected cash rate by the end of 2015 and 2016 – based on the dot plot – was revised down. This provided backwind for interest rates to come down,…
The FOMC’s latest meeting provided additional volatility to the financial markets as the tone was slightly more dovish than expected. The aftermath of this meeting is likely to further linger in the financial markets in the coming days. On this…
The recent FOMC meeting brought some short term optimism for the silver market mainly for iShares Silver Trust (SLV) as the FOMC appeared this time less hawkish than in previous meetings. Let’s review the latest statement, economic data and the…
Silver and gold followed major currencies such as the Euro and Japanese yen and declined again as the USD continued to pick up. This week’s FOMC meeting could bring gold and silver to a new year low if the FOMC…
The U.S. dollar continued to rally mostly against the Euro as the ECB commenced its QE program and the previous NFP report raised the market expectations for a rate hike this year by the FOMC. This week, the FOMC meeting…
The prices of precious metals took another beating especially after the NFP payroll report was released on Friday and exceeded market expectations. The JOLTS, retail sales, PPI and consumer sentiment are the main U.S. reports to be released this week.…