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Where Next For Silver Futures?
Following a strong rally over recent weeks, silver prices have stalled for now into a test of the 32.5698 level highs. The market has been well-supported via the breakout moves we’ve seen in gold as traders react to the shifting Fed landscape. On the back of the Fed’s half-point cut this month, the market is now expecting at least a further .5% of easing ahead of year end. Pricing for a deeper .5% November cut was seen falling back below the 50% mark yesterday as weekly unemployment claims improved and durable goods came in above forecasts also. US Inflation Data Due Looking ahead today, focus will be on the ... (full story)
