Silver is advancing as gold reaches new record highs above $3,300 mark.
The silver futures contract gained 0.40% on Tuesday, April 15, as it fluctuated following its last week’s advances. However, silver remianed relatively weaker than gold, moving along the $32 level. Last Monday, it rebounded from a new local low of $27.55. On March 28, silver reached the highest since 2012, however, remaining relatively weaker than gold.
Today, silver is moving higher after gold, 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 $32.90 level. What about the other precious metals? Gold is 2.3% higher, platinum is 0.3% higher and palladium is 0.2% lower. So, the main precious metals’ prices are higher this morning.
Today, we will get the important Retail Sales number at 8:30, and a speech from the Fed Chair Powell at 1:30 p.m., among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Wednesday, April 16
- 2:00 a.m. U.K. - CPI y/y
- 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
- 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
- 9:45 a.m. Canada - BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate
- 10:00 a.m. U.S. - Business Inventories m/m, NAHB Housing Market Index
- 10:30 a.m. Canada - BOC Press Conference
- 12:00 p.m. U.S. - FOMC Member Hammack Speech
- 1:30 p.m. U.S. - Fed Chair Powell Speech
- 4:00 p.m. U.S. - TIC Long-Term Purchases
- 7:00 p.m. U.S. - FOMC Member Schmid Speech
- 9:30 p.m. Australia - Employment Change, Unemployment Rate
Thursday, April 17
- 8:15 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
- 8:30 a.m. U.S. - Unemployment Claims, Philly Fed Manufacturing Index, Building Permits, Housing Starts
- 8:45 a.m. Eurozone - ECB Press Conference
- 11:45 a.m. U.S. - FOMC Member Barr Speech
- All Day, Australia - Bank Holiday
Paul Rejczak
Stock Trading Strategist