Silver Jul '21 (SIN21)
Silver Futures Market News and Commentary
August gold (GCQ21) on Monday closed up +13.90 (+0.79%), and July silver (SIN21) closed up +0.056 (+0.22%).
Gold and silver prices on Monday closed moderately higher. A weaker dollar on Monday supported gains in metals prices, along with dovish global central bank comments. Bearish factors included a rally in U.S. stocks and strength in global bond yields.
Monday's U.S. economic data was supportive of gold but negative for industrial metals demand and silver prices. The May Chicago Fed national activity index rose +0.38 to 0.29, weaker than expectations of +0.70.
Dovish central bank comments on Monday were supportive of precious metals. St. Louis Fed President Bullard said the FOMC "is only now starting to talk about tapering, and it will take some time to get that organized and to get that running." Also, ECB Governing Council member Holzmann said projections for inflation to taper off beyond 2021 suggest there is "no occasion to raise interest rates" for now... Read more
- Precious Metals Close Moderately Higher on Dollar Weakness and Dovish Central Bank Comments
August gold (GCQ21 ) on Monday closed up +13.90 (+0.79%), and July silver (SIN21 ) closed up +0.056 (+0.22%). Gold and silver prices on Monday closed moderately...
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- Silver Declines But Remains Above Technical Support
The silver price slipped in the aftermath of the June FOMC meeting. However, the precious metal remains well above the critical support level at the July...
- Precious Metals Push Higher on Dollar Weakness and Dovish Central Bank Comments
August gold (GCQ21 ) this morning is up +16.80 (+0.95%), and July silver (SIN21 ) is up +0.091 (+0.35%). Gold and silver prices this morning are moderately...
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