Silver May '21 (SIK21)
Silver Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.12% and just below last Friday's 13-month high. The dollar erased early losses today and moved higher after the euro declined when ECB President Lagarde pushed back against any additional tightening of monetary policy by the ECB due to the US-Iran war. The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this year. In addition, higher T-note yields today have strengthened the dollar's interest rate differentials and are supportive of the dollar.
The dollar initially moved lower today on reduced safe-haven demand after Iran said there had been "major progress" in overnight discussions with the US over a peace deal. Also, strength in stock today has curbed liquidity demand for the dollar.
Iran said there had been "major progress" in all-night discussions with the US over a peace deal following the interim agreement last week that led to a 60-day ceasefire extension and I... Read more
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I'm not generally a big proponent of investing in gold. But here's how I would recommend playing the precious metal now.
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The dollar index (DXY00 ) today is up by +0.12% and just below last Friday's 13-month high. The dollar erased early losses today and moved higher after...
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Cotton futures are trading with losses of 130 points in July on Monday, with other contracts down 20 to 25 points. Crude oil is down another $2.94/bbl...
Barchart · 22 minutes ago
Live cattle futures are trading with 45 to 95 cent gains on Monday. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder...
Barchart · 22 minutes ago
Lean hog futures are mixed, with July down 22 cents and other contacts 15 to 35 points higher. USDA’s national base hog price was not reported on Monday...
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Corn futures are trading with 3 to 5 ¼ cents losses in most contracts on Monday. The CmdtyView national average Cash Corn price is down 5 cents at $3.82...
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