Daily Silver News: April 4 – Silver: Back Below $32
Silver price sold off after tariff news; markets await jobs data, Powell.
The silver futures contract sold off by 7.73% on Thursday, April 3, as it retraced most of the recent advances following Trump’s tariff announcement. It was the lowest since late February, breaching the $32 level. Last Friday, silver reached the highest since 2012, however, it remained relatively weaker than gold.
Today, silver is extending its decline, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 1.5% lower, as it is trading below $32. What about the other precious metals? Gold is 0.9% higher, platinum is 1.2% lower and palladium is 1.3% lower. So, the main precious metals’ prices are mixed this morning.
Today, we will get the important monthly jobs data at 8:30 a.m., and the Fed Chair Powell speech at 11:25 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 4
- 8:30 a.m. U.S. - Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
- 8:30 a.m. Canada - Employment Change, Unemployment Rate
- 11:25 a.m. U.S. - Fed Chair Powell Speech
- 12:00 p.m. U.S. - FOMC Member Barr Speech
- 12:45 p.m. U.S. - FOMC Member Waller Speech
Monday, April 7
- 3:00 p.m. U.S. - Consumer Credit m/m
Paul Rejczak
Stock Trading Strategist