Silver Dec '24 (SIZ24)
Silver Futures Market News and Commentary
The dollar index (DXY00) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally in stocks, reducing liquidity demand for the dollar. Also, Friday’s -1% fall in WTI crude oil to a 5-week low lowers inflation expectations and could prompt the Fed to ease monetary policy, a bearish factor for the dollar. Losses in the dollar were limited on Friday after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years. Fed comments on Friday were mixed for the dollar.
The US May MNI Chicago PMI rose +13.5 to 62.7, stronger than expectations of 50.3 and the strongest pace of expansion in 4.25 years.
San Francisco Fed President Mary Daly said Fed interest rate policy is in a good place and that she’s “cautiously optimistic” about the US economy, noting that “there’s no urgency to make an adjustment” to interest rates.
Kansas City Fed President Jeff Schmid said, “With inflation ru... Read more
ONE44 Analytics · 1 hour ago
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Barchart · Fri May 29, 2:38PM CDT
The best days of the gold trade are firmly in the rearview mirror.
Barchart · Fri May 29, 2:36PM CDT
The dollar index (DXY00 ) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally...
Barchart · Fri May 29, 9:37AM CDT
The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest...
Blue Line Futures · Fri May 29, 6:30AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 670)
Barchart · Thu May 28, 2:33PM CDT
The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected...
Barchart · Sun May 31, 2:00PM CDT
Sandisk stock is surging after Barclays highlighted the company’s aggressive long-term AI memory contracts and structurally stronger earnings outlook....
Barchart · Sun May 31, 1:52PM CDT
While S&P Global has underperformed relative to its peers over the past year, Wall Street analysts maintain a bullish outlook on its prospects.
Barchart · Sun May 31, 1:01PM CDT
While ServiceNow has lagged behind the technology sector over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects....
Barchart · Sun May 31, 1:00PM CDT
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Barchart · Sun May 31, 12:00PM CDT
Markets face a big week focused almost entirely on labor market assessment as comprehensive employment data builds toward Friday's May jobs report at 8:30am...
Barchart · Sun May 31, 12:00PM CDT
Wolfspeed suffered a sharp 13% selloff on May 27, following broader semiconductor weakness. This pushed shares to steep discounts despite recent leadership...
Barchart · Sun May 31, 11:00AM CDT
KO stock is a the perfect example of Buffett's forever stock.
Barchart · Sun May 31, 11:00AM CDT
While AMZN stock is no longer cheap after its recent run, Amazon’s expanding AI opportunity and multiple high-growth businesses support its investment...
