silver price forecast and outlook
Yesterday the markets in the U.S were closed but the forex markets experienced high volatility mainly in Europe following the ECB and BOE rate decisions. These central banks left their cash rates unchanged but they presented guidelines for future low…
The precious metals continue to seek direction: Yesterday the prices of silver and gold bounced back and thus changed direction again. Their rally coincided with the rise of other commodities including oil. The recent U.S reports gave a mixed signal…
Gold and silver prices changed direction and fell yesterday. The U.S economy continues to show signs of progress as new factory orders rose by 2.1% during May. In Australia, the Reserve Bank of Australia left its policy unchanged and the…
The prices of gold and silver tumbled down in the past couple of weeks to their lowest levels in years. Looking forward, will gold and silver bounce back? Let’s analyze the upcoming events that may stir up the gold and…
Gold and silver prices continued to rise for the second consecutive business day after precious metals had plummeted in the past couple of weeks. Their rally was despite the news of the U.S manufacturing PMI report for June, in which…
During last week, gold and silver continued to trade down. The weakness of precious metals coincided with the depreciation of leading currencies against the USD. Following the recent FOMC meeting, in which it was hinted the Fed may taper QE3…
The high volatility in precious metals markets eased down during June after the high movement they have had during May. The recent publication of the minutes of the FOMC meeting from back in June and Bernanke’s testimony in Congress rekindled…
The leading energy commodities such as oil bounced back last week while other commodities including gold silver and natural gas continued to trade down during last week. Will leading commodities continue to trade down? In the forthcoming week several reports,…
Precious metals markets continued to show weakness and both gold and silver were traded down again during last week. Their fall coincided with the decline of leading currencies against the USD. All eyes are towards the next FOMC meeting that…
The prices of precious metals slipped again yesterday. Gold has almost fallen below $1,200 mark and silver is getting closer to the $18 mark. The positive news from the U.S regarding its economic progress may have contributed to the rally…