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Silver Feb '21 (SIG21)

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Silver Futures Market News and Commentary

Dollar Little Changed as Oil Prices Fall Back

The dollar index (DXY00) today is unchanged.  The dollar index is being undercut today as oil prices fell back by about -3%.  Also, the 10-year T-note yield is down by about -3 bp after posting a new 1.5-year high earlier in the session.  The dollar has underlying safe-haven support as the market is braced for a possible expansion of US military attacks on Iran, which President Trump said he is considering.

The dollar has safe-haven demand after the Iran-backed Houthis on Thursday launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea.  President Trump responded by saying he will hold Iran responsible for the Houthi attacks and telling Axios in an interview on Thursday that he is considering a "massive attack" that would be "bigger than ever before" and is "close to making a decision on it."

The Houthis have vowed to blockade shipping linke... Read more

US dollar background by Iluhanos via iStock
Dollar Little Changed as Oil Prices Fall Back

The dollar index (DXY00 ) today is unchanged. The dollar index is being undercut today as oil prices fell back by about -3%. Also, the 10-year T-note...

Gold bar graph by Lemonsoup14 via Shutterstock
Gold & Silver Dip Buyers Step In! Silver Eyes $59, Gold Targets $4,100 | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 708)

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

The dollar index (DXY00 ) on Thursday rose by +0.35%. The dollar found support from strong US interest rate differentials, as the 10-year T-note yield...

Forex by bigjom jom via Shutterstock
Why is the Dollar Index a Mirage?

While the U.S. dollar index measures the U.S. currency against other leading world reserve currencies, it can be a useless metric when all index components...

US dollar background by Iluhanos via iStock
Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...

Shinny gold bullion by Million Photos via Shutterstock
Gold & Silver Decline Overnight! Is the Precious Metals Rally OVER? Cotton on My Radar | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)

Before You Chase SMCI’s SpaceX Rally, Remember This Rocket Has Misfired Before

Investors should wait for the upcoming earnings report before jumping in on the margin improvement and SpaceX hype.

Sugar Prices Close Mildly Higher Ahead of the Weekend

October NY world sugar #11 (SBV26 ) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26 ) closed up +1.00 (0.22%). Sugar prices...

Cocoa Prices Recover Ahead of the Weekend

September ICE NY cocoa (CCU26 ) on Friday closed up +75 (+1.41%), and September ICE London cocoa #7 (CAU26 ) closed up +49 (+1.23%). Cocoa prices on Friday...

Coffee Prices Rebound Higher After This Week’s Sell-off

September arabica coffee (KCU26 ) on Friday closed up +4.40 (+1.42%), and September ICE robusta coffee (RMU26 ) closed up +49 (+1.32%). Coffee prices rebounded...

A $1.6 Billion Reason Salesforce (CRM) Stock Is Up Today

Salesforce stock soars on a $1.6 billion contract from the U.S. Department of Veterans Affairs (VA). Here’s what the deal really means for CRM shares....

Nvidia’s Rivals Are Coming for Its Crown, But the Smartest AI Bet Sits Further Down the Tech Stack

Hyperscalers are building custom AI chips to cut their reliance on Nvidia. But whoever wins, every chip still runs through the same handful of companies,...

Alphabet Just Dropped a $94 Billion Surprise for SpaceX Stock. How to Play SPCX from Here.

Alphabet's $94 billion SpaceX stake highlights strong long-term confidence, while lockup restrictions may help limit near-term selling pressure.

Truist Just Upgraded PayPal Stock. Here's Why.

PayPal stock inches higher as Truist upgrades the fintech firm to "Hold." Here’s what made analyst Matthew Coad lift his rating on PYPL shares.

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