Daily Silver News: February 27 – Silver Price Moves Sideways

Paul-Rejczak Paul Rejczak Feb 27, 2025

Silver is fluctuating after its recent declines, remianing near the $32 level.

The silver futures contract gained 2.35% on Wednesday, February 26, as it retraced its Tuesday’s decline of 2.4%. On Tuesday, silver accelerated its short-term downtrend following a sell-off in stocks. It was the lowest since late January. Recently, silver has been pulling back despite gold moving sideways in a consolidation. The previous Friday, silver was the highest since late October. On January 27, it rebounded from a local low of $30.03.

In late October, silver reversed the uptrend, selling off from the October 22-23 new long-term high of $35.07. The market was the highest since 2012.

Today, silver is pulling back slightly following a decline in gold prices, as we can see on the daily chart (the chart includes today’s intraday data):

Daily Silver News: February 27 – Silver Price Moves Sideways - Image 1

The silver price is 0.5% lower, as it is trading slightly above $32. What about the other precious metals? Gold is 1.2% lower, platinum is 1.3% higher and palladium is unchanged and palladium is 0.8% lower. So, the main precious metals’ prices are lower this morning.

Yesterday’s New Home Sales release has been lower than expected at 657,000. Today, we will get the Preliminary GDP and Unemployment Claims releases at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).

Thursday, February 27

  • 3:00 a.m. Eurozone - Spanish Flash CPI y/y
  • 8:30 a.m. U.S. - Preliminary GDP q/q, Unemployment Claims, Durable Goods Orders m/m,
  • Core Durable Goods Orders m/m, Preliminary GDP Price Index q/q
  • 9:15 a.m. U.S. - FOMC Member Schmid Speech
  • 10:00 a.m. U.S. - Pending Home Sales m/m, FOMC Member Barr Speech
  • 11:45 a.m. U.S. - FOMC Member Bowman Speech
  • 1:15 p.m. U.S. - FOMC Member Hammack Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech
  • 6:30 p.m. Japan - Tokyo Core CPI y/y
  • All Day - G20 Meetings

Friday, February 28

  • 8:30 a.m. U.S. - Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 8:30 a.m. Canada - GDP m/m
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - Manufacturing PMI, Non-Manufacturing PMI
  • 10:15 p.m. U.S. - FOMC Member Goolsbee Speech
  • All Day, Eurozone - German Preliminary CPI m/m

Paul Rejczak
Stock Trading Strategist