Silver remains relatively weaker than gold; economic data, tariffs in focus.
The silver futures contract gained 1.13% on Thursday, April 10, as it slightly extended its rebound, remaining relatively weaker than the record-breaking gold. On Monday, it rebounded from a new local low of $27.545, and yesterday, it traded along 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 2.0% higher, as it is trading along the $31.40 level. What about the other precious metals? Gold is 1.9% higher, platinum is 1.3% higher and palladium is 0.8% higher. So, the main precious metals’ prices are higher this morning.
Yesterday’s Consumer Price Index release has been lower than expected at -0.1% month-over-month. Today, we will get the PPI release at 8:30 a.m., and the Preliminary UoM Consumer Sentiment number at 10:00 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
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
Monday, April 14
- 12:00 p.m. U.S. - FOMC Member Barkin Speech
- 6:00 p.m. U.S. - FOMC Member Harker Speech
- 7:40 p.m. U.S. - FOMC Member Bostic Speech
Paul Rejczak
Stock Trading Strategist