silver price forecast and outlook
During last week gold and silver moved in an unclear trend. Last week, Jobless claims slipped by 12k to reach 346k; U.S retail sales rose by 0.6%; PPI bounced back in May by 0.5%. These reports may have contributed to…
Leading commodities such as oil, gold and silver rallied during last week. Leading currencies including Euro, Japanese yen and Aussie dollar appreciated against the USD last week. Will commodities continue to trade up this week? This forthcoming week several reports,…
Precious metals continue to zigzag and gold and silver rates declined yesterday after they rallied a day earlier. Conversely, leading currencies such Euro and Aussie dollar rose against the USD yesterday. In the U.S, retail sales slightly increased by 0.6%;…
Gold and silver prices continue to seek direction as both precious metals bounced back yesterday. Their rally coincided with the fall of U.S equity markets. On the other hand, leading currencies including the Euro and Aussie dollar rallied against the…
Gold and silver prices changed direction and slipped yesterday. In the forex market the big movement came from Asia as the Japanese yen sharply strengthened following Bank of Japan’s recent monetary policy meeting. The Bank decided to keep its policy…
Precious metals market cooled down last week with renewed speculations of the Fed tapering its current asset purchase program as the U.S economy is slowly recovering (or at least appears to recover). The week started with both gold and silver…
During the beginning of the week gold and silver rallied only to tumble down on Friday. In Europe, ECB and BOE kept its cash rate unchanged. This news may have contributed to the rally of not only the Euro but…
The recent “non decision” of ECB President, in which he decided to keep the ECB’s cash rate unchanged helped pull up the “risk related currencies” including the Euro and Aussie dollar. BOE also left its policy unchanged. In the U.S…
The equity markets tumbled down for the second consecutive day. The fall in stock markets may have contributed to rally of precious metals prices. Their rally came despite the sharp depreciation of “risk related currencies” such as the Aussie dollar.…
The prices of gold and silver changed direction and slipped on Tuesday. Their fall coincided with the depreciation of “risk related currencies” such as the Aussie dollar. Yesterday, Reserve Bank of Australia left its rate unchanged at 2.75% but left…