Silver price rebounded on tariff news; markets await CPI data.
The silver futures contract gained 2.46% on Wednesday, April 9, as it advanced following tariff delay announcement. On Monday, it rebounded from a new local low of $27.545, and yesterday, it traded near the $31 level. The previous Friday, silver reached the highest since 2012, however, remaining relatively weaker than gold.
Today, silver is extending its rebound, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 1.0% higher, as it is trading along the $30.70 level. What about the other precious metals? Gold is 1.7% higher, platinum is 0.3% lower and palladium is 1.7% lower. So, the main precious metals’ prices are higher this morning.
Today, we will get the key Consumer Price Index release at 8:30 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Thursday, April 10
- 6:00 a.m. Australia - RBA Governor Bullock Speech
- 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, CPI y/y, Unemployment Claims
- 9:30 a.m. U.S. - FOMC Member Logan Speech
- 10:00 a.m. U.S. - FOMC Member Bowman Speech
- 12:00 p.m. U.S. - FOMC Member Goolsbee Speech, FOMC Member Harker Speech
- 1:01 p.m. U.S. - 30-y Bond Auction
- 2:00 p.m. U.S. - Federal Budget Balance
Friday, April 11
- 2:00 a.m. U.K. - GDP m/m
- 8:30 a.m. U.S. - PPI m/m, Core PPI m/m
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations, FOMC Member Musalem Speech
- 11:00 a.m. U.S. - FOMC Member Williams Speech
- All Day, Eurozone - Eurogroup Meetings
Paul Rejczak
Stock Trading Strategist