Silver futures jump one percent for second session

Economies.com
2017-07-11 17:10PM UTC

Silver futures rose nearly one percent in American trade away from the lowest since February 3, 2016 for the third consecutive session, following earlier data from the US, the world's largest economy. 

 

As of 06:05 GMT, silver futures due on September 15 rose 0.77% to $15.750 an ounce from the opening of $15.640, while the dollar index rose 0.15% to 95.88 from the opening of 96.02. 

 

Earlier US data showed an unexpected drop in the JOLTS job openings survey in May, while last week, data showed the economy created 222 thousand new jobs last month, while the unemployment rate rose to 4.4%, as average hourly earnings accelerated below expectations.

 

On another note, markets await Brainard's speech, while Fed Chair Janet Yellen is scheduled to testify about monetary policy tomorrow ahead of the House of Representatives Financial Services Committee, and on Thursday ahead of the Senate Banking Committee in Washington. 

 

Silver futures are rising this week after marking the fourth weekly loss in five, as prices hit 17-month lows last week after global central bank governors hinted at possible tightening of monetary policies later this year. 

Commodities News

Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...
Gold Analysis

Commodities

Gold price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Gold price resumes its negative trading clearly to approach our waited target at 2260.60$, and the ...