Silver price remains above $33, fluctuating after its Wednesday’s advance.
The silver futures contract lost 0.13% on Thursday, April 24, as it fluctuated following its Wednesday’s advance. Recently, silver has been relatively weaker than gold. The previous Monday, it rebounded from a new local low of $27.55. On March 28, silver reached highest since 2012.
Today, silver is extending its short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.7% lower, as it is trading along the $33.30 level. What about the other precious metals? Gold is 1.3% lower, platinum is 0.3% lower, and palladium is 1.5% lower. So, the main precious metals’ prices are lower this morning.
Yesterday’s Unemployment Claims release has been as expected at 222,000. Today, we will get the Revised 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 25
- 2:00 a.m. U.K. - Retail Sales m/m
- 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
- 10:00 a.m. U.S. - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
- All Day - IMF Meetings
Monday, April 28
- All Day, Canada - Federal Election
- All Day, Japan – Bank Holiday
Paul Rejczak
Stock Trading Strategist