Silver price pulled back last week; today’s it’s rebounding.
The silver futures contract lost 1.60% on Friday, March 21, as it extended its Thursday’s pullback despite gold prices remaining relatively close to their record highs. Last week, silver pulled back from its Tuesday’s local high of $35.00. It was the highest since late October. In October, the market was the highest since 2012.
Today, silver is rebounding, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.7% higher, as it is trading along the $33.70 level. What about the other precious metals? Gold is 1.3% higher, platinum is 0.5% lower and palladium is 0.6% higher. So, the main precious metals’ prices are higher this morning.
Today, we will get the key Flash Manufacturing PMI and Flash Services PMI numbers at 9:45 a.m., among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Monday, March 24
- 4:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
- 4:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
- 5:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
- 5:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI
- 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
- 1:45 p.m. U.S. - FOMC Member Bostic Speech
- 2:00 p.m. U.K. - BOE Governor Bailey Speech
- 3:10 p.m. U.S. - FOMC Member Barr Speech
Tuesday, March 25
- 5:00 a.m. Eurozone - German ifo Business Climate
- 8:40 a.m. U.S. - FOMC Member Kugler Speech
- 9:00 a.m. U.S. - S&P/CS Composite-20 HPI y/y, HPI m/m
- 9:05 a.m. U.S. - FOMC Member Williams Speech
- 10:00 a.m. U.S. - CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index
- 8:30 p.m. - Australia - CPI y/y
Paul Rejczak
Stock Trading Strategist