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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.
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.
Optimistic forecasts on oil prices, nuclear talks with Iran, and upcoming OPEC+ meeting. How to trade oil these days?
OPEC-JMMC is holding a meeting on April 28 all day long.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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