Silver is rebounding as U.S. dollar weakens, gold advances.
The silver futures contract lost 0.01% on Monday, March 24, as it moved sideways following its last week’s pullback. It retreated from its Tuesday’s local high of $35.00. It was the highest since late October. In October, the market was the highest since 2012.
Today, silver is rebounding, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 1.2% higher, as it is trading along the $33.90 level. What about the other precious metals? Gold is 0.4% higher, platinum is 0.8% higher and palladium is 0.7% higher. So, the main precious metals’ prices are higher this morning.
Today, we will get the important CB Consumer Confidence release at 10:00 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, March 25
- 5:00 a.m. Eurozone - German ifo Business Climate
- 8:40 a.m. U.S. - FOMC Member Kugler Speech
- 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y, HPI m/m
- 9:05 a.m. U.S. - FOMC Member Williams Speech
- 10:00 a.m. U.S. - CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index
- 8:30 p.m. - Australia - CPI y/y
Wednesday, March 26
- 3:00 a.m. U.K. - CPI y/y
- 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 10:00 a.m. U.S. - FOMC Member Kashkari Speech
- 1:10 p.m. U.S. - FOMC Member Musalem Speech
- Tentative, U.K. - Annual Budget Release
Paul Rejczak
Stock Trading Strategist