silver price forecast and outlook
The latest positive news from the U.S labor market – the NF payroll showed 248K jobs added during September and August numbers were revised up to 180K – was enough to drag down the prices of gold and silver to…
Following the better than expected NF payroll report, in which the USD rallied, while precious metals took a nose dive, this week the U.S JOLTS report will complete the NF payroll report; this report may offer another data point about…
Shares Silver Trust (SLV) resumed its downward trend last week as the silver ETF lost 1.7% of its value. This week’s non-farm payroll report and ECB rate decision could play a role in the direction of SLV in particular and…
The bullion market didn’t perform well again last week: Silver lost 1.7% off its value, while the price of gold inched down by 0.1%. As a result, the gold to silver ratio rose again by 1.6% to around the 70…
The weakness in the bullion market and the recovery of US dollar continued last week. This week, we have a lot of news items that could push around the foreign exchange and commodities markets. In the U.S we have the…
The weakness in the gold market has also reflected in the fall in the price of SPDR Gold (GLD) – the ETF lost 5% during September. Will GLD recover from its recent fall? Let’s review the latest developments related to…
The silver market cooled down again last week. Last week’s FOMC meeting may have provided the fuel to drag down the price of silver to its lowest level in recent years. Also, let’s examine the latest developments in the silver…
Gold and silver took another tumble as both bullion prices: For gold, it reached its lowest level since the beginning of the year; silver came down below $18 for the first time since August 2010! The latest FOMC meeting had…
Following the FOMC meeting the commodities markets took a beating as oil, gold and silver tumbled down. These losses coincided with the recovery of USD against leading currencies such as Euro and Yen and the rally of U.S equities. On…
The weakness of the silver market in the past couple of years calls into question the profitability of some of Silver Wheaton’s (SLW) streaming contracts. Let’s examine the company’s streaming agreement with Hudbay (HBM) from back in September 2012 for…