silver price forecast and outlook
The prices of gold and silver recovered again in the past week mainly by the end of the week following the recent decision from Beijing to slash the interest rate in order to deal with the economy’s sluggish growth rate…
The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…
The silver ETF iShares Silver Trust (SLV) bounced back following the latest deprecation of the U.S. dollar against leading currencies also contributed to the recovery of SLV. The recent lower than expected JOLTS report also provided some back-wind for bullion…
The recent rally of gold and silver coincided with the pull back in U.S. dollar. The latest JOTLS report didn’t meet market expectations but was still very good overall after considering the headlines. This week, the main even will be…
The recent non-farm payroll didn’t meet market expectations and led to a bounce in Shares Silver Trust (SLV). This silver ETF is still down by 2.6% since the beginning of month. Let’s review the relation between SLV and the progress…
Gold and silver bounced back on Friday following the release of the U.S. NF payroll report, which was slightly below expectations in terms of growth in number of jobs – 214K and not 230K as anticipated. Despite this rally, both…
The recent release of the NFP payroll report came a bit short than expected with 214K jobs added during October — nonetheless, this was enough to bring down the U.S. dollar and pull back up gold and silver. Looking forward,…
The recent decision of the FOMC to end QE3 didn’t come as a surprise. The hawkish tone in the statement provided the ammunition to shoot down Shares Silver Trust (SLV) — its price fell by 6.1% during last week. This…
The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…
The high volatility in the market following the FOMC and BOJ’s monetary policy meetings from last week could remain in the coming week. The main events of the week in the U.S. include NF payroll report, manufacturing PMI, factory orders…