silver price forecast and outlook
The prices of gold and silver spiked during August to their highest levels in recent months. Looking forward, will gold and silver continue their upward trend? Let’s examine the latest developments that may affect the progress of gold (GLD) and…
The prices of gold and silver tumbled down on Tuesday; their recent decline coincided with the drop of the price of oil over 2%. Some suspect the developments in Syria have affected not only crude oil prices but also other…
Gold and silver started off the week with little movement as gold inched up while silver slipped. This low volatility may continue this week as the market waits for the FOMC’s monetary policy meeting, in which many expect the FOMC…
During last week, gold slightly fell while silver rallied. The market expectations for the next FOMC’s meeting keep gold and silver from forming a clear trend. Some analysts suspect the Fed will taper QE3 in September from $85 billion to…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…
Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…
The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…
The prices of gold and silver resumed their upward trend and rallied the first day of the month. The recent rise in precious metals prices coincided with the sharp rise of the Aussie dollar against the USD. In Australia, the…
Gold and silver rallied during most of July and August. But now that summer is over, will this recent recovery of precious metals hold up, or was it partly driven by light volumes of trade? In China, the final HSBC’s…
The precious metals market has heated up this summer as both gold and silver prices spiked during August. Will the recent rally hold up and keep bullion prices elevated or will gold and silver prices change direction and fall? Many…