Silver Mar '24 (SIH24)
Silver Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.20 (+0.20%), recovering from early losses tied to the dovish US CPI report and reduced expectations for a Fed rate hike. The dollar rebounded higher as T-note prices closed just mildly higher, weighed down by the fact that Wednesday's 10-year T-note auction produced the highest yield since the 2007 financial crisis. Investors have demanded higher Treasury yields, partially due to Fed Chair Warsh's reduced guidance and uncertainty about the Fed's inflation-fighting resolve.
Wednesday's July US CPI report was exactly in line with market expectations. On a year-on-year basis, the July CPI eased to +3.4% y/y from June's +3.5%, and the core CPI eased to +2.5% from June's +2.6%. On a month-on-month basis, the July CPI rose +0.1% m/m, and the core CPI rose +0.2% m/m.
The July core CPI report of +2.5% y/y matched the 5.5-year low posted earlier this year but remained above the Fed's 2% inflation target. The nominal CPI remain... Read more
Barchart · Wed Aug 12, 3:13PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.20 (+0.20%), recovering from early losses tied to the dovish US CPI report and reduced expectations for...
Barchart · Wed Aug 12, 9:23AM CDT
The dollar index (DXY00 ) is down -0.08% as expectations for a Fed rate hike eased on today’s favorable CPI report. The dollar was also undercut by...
Blue Line Futures · Wed Aug 12, 6:08AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 721)
Barchart · Tue Aug 11, 2:33PM CDT
The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high,...
Barchart · Tue Aug 11, 2:00PM CDT
After falling 29.7% from the late January 2026 record high to the June 30, 2026, low, gold has been trading at the low end of the 2026 trading range around...
Klarenbach Research · Tue Aug 11, 12:44PM CDT
Gold prices rally to retest the 200-day moving average following a 29% decline. Analysis of technical resistance levels and commodity market trends.
Barchart · 24 minutes ago
Target appointed Chandhu Nair as its first chief artificial intelligence officer, effective Aug. 24, as the retailer expands its use of AI across inventory,...
Barchart · 1 hour ago
Live cattle futures posted $2.00 to $2.97 losses across the board. There were no deliveries issued against August futures on Wednesday. Cash trade has...
Barchart · 1 hour ago
Cotton futures saw strength on Wednesday, with contracts 8 to 48 points higher, as December was the lone holdout, down a tick. Crude oil was down just...
Barchart · 1 hour ago
Corn futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Spillover gains...
Barchart · 1 hour ago
Lean hog futures closed the midweek session with contracts 22 to 95 cent gains, as soon to expire August was down 20 cents. USDA’s national base hog...
Barchart · 1 hour ago
Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was...
Barchart · 1 hour ago
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board...
Barchart · Wed Aug 12, 4:11PM CDT
SpaceX just joined the hyperscaler club, helping push projected 2027 AI capex to $1.15 trillion. That could fuel another wave of demand for chips, memory,...