Silver extends its consolidation as markets are cautios amid tariff developments.
The silver futures contract lost 1.46% on Friday, April 25, as it fluctuated following its Wednesday’s advance. Recently, silver has been relatively weaker than gold. In early april, it rebounded from a new local low of $27.55. On March 28, silver reached the highest since 2012.
Today, silver is moving sideways, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.1% lower, as it is trading along the $33.00 level. What about the other precious metals? Gold is 0.1% higher, platinum is 0.9% higher and palladium is 0.4% higher. So, the main precious metals’ prices are mixed this morning.
Today, we won’t get any new important economic data.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Monday, April 28
- All Day, Canada - Federal Election
- All Day, Japan – Bank Holiday
Tuesday, April 29
- 8:30 a.m. U.S. - Goods Trade Balance, Preliminary Wholesale Inventories m/m
- 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y, HPI m/m
- 10:00 a.m. U.S. - JOLTS Job Openings, CB Consumer Confidence
- 9:30 p.m. Australia - CPI q/q, CPI y/y, Trimmed Mean CPI q/q
- 9:30 p.m. China - Manufacturing PMI, Non-Manufacturing PMI
Paul Rejczak
Stock Trading Strategist