Silver extends its consolidation, as it remains weaker than gold.
The silver futures contract lost 0.07% on Monday, April 21, as it extended a consolidation despite new record highs in gold price. Silver remains relatively weaker than gold. The ptevious Monday, it rebounded from a new local low of $27.55. On March 28, silver reached the highest since 2012.
Today, silver is moving sideways again, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.1% higher, as it is trading along the $32.60 level. What about the other precious metals? Gold is 1.2% higher, platinum is 0.8% higher and palladium is 1.2% higher. So, the main precious metals’ prices are higher this morning.
Today, we will get the Richmond Manufacturing Index release 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).
Tuesday, April 22
- 9:00 a.m. U.S. - FOMC Member Jefferson Speech
- 9:30 a.m. U.S. - FOMC Member Harker Speech
- 10:00 a.m. U.S. - Richmond Manufacturing Index
- 10:00 a.m. Eurozone - ECB President Lagarde Speech
- 1:40 p.m. U.S. - FOMC Member Kashkari Speech
- 6:00 p.m. U.S. - FOMC Member Kugler Speech
- All Day - IMF Meetings
Wednesday, April 23
- 3:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
- 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
- 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
- 4:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI
- 9:00 a.m. U.S. - FOMC Member Goolsbee Speech
- 9:35 a.m. U.S. - FOMC Member Waller Speech
- 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
- 10:00 a.m. U.S. - New Home Sales
- 1:15 p.m. U.K. - BOE Governor Bailey Speech
- 2:00 p.m. U.S. - Beige Book
- 6:30 p.m. U.S. - FOMC Member Hammack Speech
- All Day - IMF Meetings
Paul Rejczak
Stock Trading Strategist