major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)

Silver Prices Headed for First Weekly Gain Since the Election

Silver

  • Buz Investors Silver Prices Headed for First Weekly Gain  The precious metal is trading at $17.15 per ounce at 10:40 GMT this morning, 0.29% higher from the New York close.
  • During the session, silver traded at a high of $17.17 per ounce and a low of $16.93 per ounce. In the New York session yesterday, silver fell 0.23% and closed at $17.10 per ounce,
  • During the session, silver traded at a high of $17.17 per ounce and a low of $16.93 per ounce. In the New York session yesterday, silver fell 0.23% and closed at $17.10 per ounce,tracking losses in gold prices. Immediate downside, the first support level is seen at $16.97 per ounce, while on the upside, the first resistance level is at $17.28 per ounce.

Silver Prices Headed for First Weekly Gain

Buz Investors Silver Prices Headed for First Weekly Gain The precious metal is trading at $17.15 per ounce at 10:40 GMT this morning, 0.29% higher from the New York close. During the session, silver traded at a high of $17.17 per ounce and a low of $16.93 per ounce

Silver Prices Headed for First Weekly Gain   Silver prices slipped Friday morning, but were on track to book solid weekly gains as investors look ahead to an upcoming meeting of the Federal Reserve.

READ  Gold pause above key support as US bond yields retrace

March silver futures were down 10 cents, or 0.6%, to $17.00 a troy ounce at 7:55 am ET. The metal was down as much as 1% earlier in the day. Silver is on track for a weekly gain of around 3%, as prices rebounded from nearly six-month lows. That would mark the metal’s first weekly gain since before the November 8 presidential election.

Other Stories Buz Traders share

Silver Prices Headed for First Weekly Gain

The US dollar was back on the offensive Friday, reaching its highest level since 2003, as investors pre-positioned ahead of the Federal Reserve policy meeting December 13-14. The  dollar index, a broad-based measure of the US currency, rose 0.5% to 101.55.

The dollar has now gained in three consecutive sessions, offsetting a previous slump that sent the currency to three-week lows.

READ  $XAUUSD Gold increased 0.20 USD/t oz. or 0.02%

Traders believe there is a 95% likelihood the Fed raises interest rates on Wednesday, data from CME Group show. The probability of a second rate hike by May stands at roughly one-quarter.

 




Click here for reuse options!
Copyright 2016 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account