silver price forecast and outlook
During the previous week, gold and silver didn’t do much, which brings recent weeks’ rally to a halt. I think the low trading volume and the anticipation of the next FOMC meeting could eventually lead to a reversal in the…
Last week, leading commodities prices mostly increased, while the USD mostly depreciated against leading currencies. The slow movement in the forex and commodities markets might pick up as we are exiting the summer slowdown. In the upcoming week several reports…
Gold and silver fell again for the second consecutive day. Their recent descent coincided with the fall of other leading risk currencies against the USD. In the U.S, jobless claims weekly update showed a decline of 6k in initial claims…
The prices of silver and gold changed direction and slipped on Wednesday. Their recent decline coincided with the changes in the forex markets. The recent developments in the Middle East including Syria and Egypt may have contributed to the strengthening…
The precious metals market is reheating: The prices of silver and gold sharply rose yesterday. Their rally didn’t coincide with the developments in the forex markets. But the drop in the U.S stock market including the S&P500 may have contributed…
Gold and silver didn’t do much on Monday and gold slightly declined, while silver rose again. Their small movement coincides with the developments in the forex markets as the US didn’t move much against leading currencies. In U.S, the core…
During last week, gold and silver rose again. Their ongoing recovery resulted in gold reaching its highest level since early June; silver is at its highest since early May. Despite the recent rally of gold and silver, their recovery didn’t…
Major commodities including gold, silver and natural gas rallied again during last week. Equities markets also made a bit of comeback as major indexes including the S&P500 rose. In the forex market, however, there was a mixed trend as the…
Following the publication of the recent FOMC meeting minutes, the prices of gold and silver didn’t do much in the past couple of days. The prices of gold and silver inched up yesterday. The U.S jobless claims report came out…
The much anticipated publication of the minutes of the recent FOMC meeting didn’t amount to more than a storm in a teacup: The minutes didn’t offer any additional insight about the Fed’s next move and the wording remained ambiguous. Basically,…