Silver price continues its uptrend as gold reaches new record highs.
The silver futures contract gained 2.52% on Thursday, March 27, as it extended its advance, breaking above the $35 level. The market is following a record-breaking rally in gold prices; silver is the highest since 2012.
Today, silver is slightly extending its uptrend, as we can see on the daily chart (the chart includes today’s intraday data):
The silver price is 0.8% higher, as it is trading along the $35.40 level. What about the other precious metals? Gold is 0.7% higher, platinum is 0.1% lower and palladium is 0.7% higher. So, the main precious metals’ prices are higher this morning.
Today, we will get the important Core PCE Price Index release at 8:30 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).
Friday, March 28
- 3:00 a.m. U.K. - Retail Sales m/m
- 4:00 a.m. Eurozone - Spanish Flash CPI y/y
- 8:30 a.m. U.S. - Core PCE Price Index m/m, Personal Income m/m, Personal Spending m/m
- 8:30 a.m. Canada - GDP m/m
- 10:00 a.m. U.S - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
- 12:15 p.m. U.S. - FOMC Member Barr Speech
- 3:45 p.m. U.S. - FOMC Member Bostic Speech
Monday, March 31
- 9:45 a.m. U.S. - Chicago PMI
- 11:30 p.m. Australia - Cash Rate, RBA Rate Statement
- All Day, Eurozone - German Preliminary CPI m/m
Paul Rejczak
Stock Trading Strategist