silver price forecast and outlook
Precious metals fell again during last week until Friday when the non-farm payroll report showed a gain of 209K in jobs – less than market expectations. Earlier this week, the FOMC decided to taper again its QE3 program and had…
Most leading commodities took a nose dive last week, while USD rallied against leading currencies. This week, BOJ, BOE, RBA and ECB will have a rate decision meeting, in the U.S several economic reports will come out including non-manufacturing PMI,…
The price of silver fell again last week. Will silver bounce back? This week several reports will be published that could move silver including: U.S GDP for the second quarter, personal spending expenditures, non-farm payroll and the FOMC will update…
Silver and gold resumed their downward trend during most of last week. The recovery of the USD against leading currencies may have contributed to the decline of precious metals. The lack of growth in the U.S equities and the drop…
This week, several U.S economic reports will be published including non-farm payroll, manufacturing PMI, GDP Q2 first estimate, pending home sales, and jobless claims. The FOMC will convene again for the fifth time this year to decide of any changes…
The silver market cooled down last week, despite the escalation in the relationship between U.S and Russia. Looking forward, what could bring back up silver? During last week, the price of silver declined by 2.7%. The silver ETF iShares Silver…
Silver and gold took a nosedive last week. Even the escalation in the relations between Russia and US wasn’t enough to pull up precious metals. The Chair of the FOMC Janet Yellen testified before Congress, in which she didn’t provide…
Oil prices recovered last week on account of the rise in tension between the U.S and Russia. Moreover, this news provided some backwind for gold and silver but it wasn’t enough to offset the huge selloffs in precious metals market…
The price of silver resumed its upward trend as it reached its highest level since mid-March 2014. This week Janet Yellen will testify in Congress. This testimony could impact the price of silver. During the previous week, silver rose by 1.5%.…
The gold and silver market heated up last week after they didn’t do much in the previous week. The minutes of the FOMC meeting may have partly contributed to the rally of precious metals by the end of last week:…