ONLINE FOREX BROKER
In 2010-2013, silver was above $30. Now, it's time to get back! For the first time during the last seven years, silver rises to $30 in a spectacular leap from $25 to $30 in just three days!
Among the possible reasons, observers are mentioning the echo of the situation around Reddit that moved a lot of other assets as well.
That doesn't mean it's going to be an upward march as continuous as a decade ago, though. Therefore, watch further news and apply usual analysis: very likely, the bullish trend got exhausted - at least, in the mid-term.
Also, don't forget you can trade silver in FBS Trader: as you can see in the image below, the charts there are as nice as in MetaTrader, but possibly much simpler to observe.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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