silver price forecast and outlook
Gold and silver haven’t done much on Thursday. Their little movement coincided with the slow movement in the forex market. Bernanke’s testimony in Senate didn’t offer much additional insight as to the Fed’s future steps regarding tapering QE3. In the…
Gold and silver prices changed direction and declined on Wednesday. Their fall coincided with the appreciation of the US dollar against leading currencies including Euro and Canadian dollar. IN his testimony in front of Congress, Bernanke reminded that the Fed…
The financial markets didn’t experience high volatility during yesterday. Gold and silver markets also remained relatively poised as all eyes will be towards the upcoming testimony of Bernanke in the House. This testimony could have a strong effect on precious…
Precious metals prices rallied on Monday and thus continued their general upward trend from last week. In the U.S, retail sales slightly increased again by 0.6% during June. This news may have slightly contributed to the rally of U.S equity…
During last week, gold and silver changed direction and rallied along with other commodities prices. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. The recent publication of the minutes of…
Gold and silver spiked during yesterday’s trading. The volume of trade also rose as the ramifications of Bernanke’s remarks may have contributed to the rally of not only precious metals prices but also equities. The current expectations are that the…
The high volatility in the financial markets including forex and commodities during yesterday’s trading may have stemmed, in part, by the recent publication of the minutes of the FOMC meeting and Bernanke’s speech. The dovish remarks of Bernanke may have…
The prices of gold and silver rose again for the second consecutive day. Will this upward trend continue today? The minutes of the last FOMC meeting will come out and could stir up the precious metals markets if the minutes…
Precious metals prices changed direction and following their sharp tumble on Friday, they bounced back on Monday. Will their rally persist? The recent rally of precious metals came in a slow business day as volume of trade wasn’t high. The…
During the previous week, gold and silver prices continued their downward trend even though they have started the week on a positive note. Their fall coincided with the weakness of leading currencies such as Euro and Aussie dollar that depreciated…