Silver extends gains to near 11-week high

Economies.com
2018-04-19 04:21AM UTC

Silver prices rose for the third straight session to near 11-week highs, as US treasury yields fell while gold prices eked out gains as well.

 

The International Monetary Fund has kept its global growth forecasts steady for this year and 2019, while noting that trade disputes could hurt confidence but not growth directly for the time being. 

 

Silver continues to muscle up after ten weeks of sideways trading, with the precious metal shrugging off a rise in Asian stocks today, and a recovery in the dollar index.

 

10-year US treasury yields rose to one-month highs yesterday before reversing lower in Asian trade today, underpinning the white metal. 

 

Silver inched up to $17.21 an ounce from the opening of $17.16, with a session-high at $17.24, and a low at $17.11. 

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price still confined – Forecast today – 29-3-2024
2024-03-29 06:16AM UTC
Natural Gas Price Forecast for Today - 29-3-2024 No news for natural gas price until this ...
Platinum Analysis

Commodities

Platinum price renews the positive action – Forecast today – 29-3-2024
2024-03-29 06:10AM UTC
Platinum Price Forecast for Today - 29-3-2024 Platinum price confirmed keeping the bullish ...
Copper Analysis

Commodities

Copper price gets the positive momentum – Forecast today – 29-3-2024
2024-03-29 06:09AM UTC
Copper Price Forecast for Today - 29-3-2024 Copper price repeated the positive stability ...