Silver Jul '19 (SIN19)Get Real-Time Futures
Silver Futures Market News and Commentary
Aug Comex gold (GCQ19) on Thursday closed up +4.8 (+0.34%) and Sep silver (SIU19) closed up +0.227 (+1.42%)h. Metals prices rallied Thursday with Aug gold at a 2-week high and Sep silver at a 5-month high. Gold prices received a boost Thursday on dovish comments from New York Fed President Williams that weakened the dollar after he said, "when you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress." That suggests Williams, an FOMC voter, will likely support a Fed rate cut at the July 30-31 FOMC meeting. Silver and industrial metals prices were boosted by Thursday's strong July Philadelphia Fed business outlook index, which jumped +21.5 to a 1-year high of 21.8, stronger than expectations of +4.7 to 5.0. Precious metal also found support Thursday on the outlook for easier central bank policies after a report that the ECB has been studying a potential revamp of its inflation goal, which could prompt the ECB to keep stimulus programs in place for longer. Ongoing trade and geopolitical tensions, along with last week's dovish comments from Fed Chair Powell, have sparked fund buying of precious metals as long gold positions in ETFs rose to a 6-year high Wednesday and long silver positions in ETFs rose to a 1-3/4 year high on Wednesday.
- The Trend Trader For Futures Trading on Friday, July 19, 2019
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Pricing in a 50-bp Cut - Blue Line Futures
The Dollar is slipping sharply after NY Fed President Williams comments about acting preemptively. This has lifted currencies against the Dollar, lets...
- Midday Market Minute
Equity markets retest the overnight low while Crude Oil slips sharply. Gold and Silver battle morning pullbacks to extend gains in bull-market type activity....
- I Remain Bullish Silver Prices
20 is in the cards
- Morning Express - Blue Line Futures
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- How to Successfully Trade Silver
In today's article, your Gold Enthusiast covers silver trading. Continue reading to find out "when to get in" and "when to get out."