Silver is trading above $32 as markets await data, tariff news.
The silver futures contract gained 0.81% on Monday, April 14, as it slightly extended its recent advances, reaching above the $32 level. Silver kept advancing on a record-breaking in gold prices, retracing its early April sell-off. Last Monday, it rebounded from a new local low of $27.55. On March 28, silver reached the highest since 2012, however, remaining relatively weaker than gold.
Today, silver is higher again, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.4% higher, as it is trading along the $32.30 level. What about the other precious metals? Gold is 0.4% higher, platinum is 1.3% higher and palladium is 0.1% lower. So, the main precious metals’ prices are higher this morning.
Today, we will get the Empire State Manufacturing Index release at 8:30 a.m., among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Tuesday, April 15
- 2:00 a.m. U.K. - Claimant Count Change
- 5:00 a.m. Eurozone - German ZEW Economic Sentiment
- 8:30 a.m. U.S. - Empire State Manufacturing Index, Import Prices m/m
- 8:30 a.m. Canada - CPI m/m, Median CPI y/y, Trimmed CPI y/y, Common CPI y/y, Core CPI m/m
- 7:10 p.m. U.S. - FOMC Member Cook Speech
- 10:00 p.m. China - GDP q/y, Industrial Production y/y, Retail Sales y/y
Wednesday, April 16
- 2:00 a.m. U.K. - CPI y/y
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
- 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
- 9:45 a.m. Canada - BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate
- 10:00 a.m. U.S. - Business Inventories m/m, NAHB Housing Market Index
- 10:30 a.m. Canada - BOC Press Conference
- 12:00 p.m. U.S. - FOMC Member Hammack Speech
- 1:30 p.m. U.S. - Fed Chair Powell Speech
- 4:00 p.m. U.S. - TIC Long-Term Purchases
- 7:00 p.m. U.S. - FOMC Member Schmid Speech
- 9:30 p.m. Australia - Employment Change, Unemployment Rate
Paul Rejczak
Stock Trading Strategist