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Silver Price Forecast: Silver slips as US Dollar firms on strong PPI data
Silver (XAG/USD) edges lower on Thursday, snapping a two-day losing streak as stronger-than-expected US Producer Price Index (PPI) and upbeat Jobless Claims data bolster the US Dollar. At the time of writing, the metal is trading near $38.00 during the American session, down nearly 1.30% on the day. Earlier in the Asian session, XAG/USD struggled to sustain gains above $38.50, peaking at $38.74 — its highest level since July 25 — before sellers pushed prices lower. Meanwhile, the US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, is staging a modest recovery after ... (full story)
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The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month ...
From kitco.com | Aug 14, 2025
Market participants entered Thursday with heightened expectations following this week's encouraging Consumer Price Index data, which had rekindled optimism for monetary policy easing in the latter half of 2025. However, the Producer Price Index release delivered a sobering reminder that inflationary pressures remain persistent at the wholesale level, ...
From dailyforex.com | Aug 14, 2025
Silver has rallied quite nicely during the Wednesday trading session as we continue to see the US dollar struggle just a bit. Ultimately, this is a market that given enough time will probably try to get to higher levels, with the first area of interest as far as I can see being the $39 level as it is a large, round, psychologically significant figure. ...
