Today it’s all about the Fed. Silver prices are moving higher in pre-FOMC action today as investors square positions ahead of the announcement and shorts cover some positions. In addition, renewed worries over emerging markets currencies are rattling markets this morning. Overnight, the central bank of Turkey raised its key lending rate by more than…

Gold and silver made an end-of-week rally that has really surprised the marketplace. Though many investors were hoping for a bullish week for metals, the early parts of this most recent 5-day session did not bode well for either metal. That all began to change early in the day on Thursday when gold shot up…

Silver prices are trading flat this morning as equities and the dollar also trade sideways to begin the day. This week is very light data-wise due to it being shortened by the Martin Luther King Jr. Holiday on Monday. Tomorrow will be the only meaningful day of the week from a data perspective, and investors…

Investors began this latest 5-day trading session hoping that gold and silver would be able to build upon last week’s gains in the wake of a weak employment report for December. While things were looking up on Monday, a fresh batch of US economic data as well as upbeat earnings reports from many major companies…

Silver prices are lower this morning as a stronger dollar and stronger equities take their toll on precious metals. Like it or not, the economy is continuing to show signs of strength even in light of last Friday’s disappointing non-farm payrolls data. Yesterday’s retail sales data along with today’s jump in the Empire State Manufacturing…

Gold and silver are looking like they’re going to end the first full week of January on a positive note thanks to some weaker than expected employment data from this past December. While this week was full of economic data from around the world, no report or piece of data was more important than today’s…

Silver prices are under a bit of pressure this morning as better-than-expected data continues to bolster the case for more tapering by the Fed and also gives the US Dollar index a boost. This morning, the ADP employment report showed a gain of 238,000 jobs while consensus estimates were for a gain of 205,000. This…

Gold and silver posted some decent gains yesterday and are on their way to doing the same early today. In the early parts of Friday gold is already up slightly while silver is hovering around even. Physical buying in conjunction with portfolio rebalancing are the two main reasons we have seen precious metals make gains…

Gold and silver are wrapping up the week a little higher than where they began it but still not in any sort of favorable position. Thanks to Christmas falling on Wednesday trading volumes were light all week and are expected to remain light until the latter stages of next week. With the New Years holiday…

Gold and silver have had a week of ups and downs before and after the Fed finally decided to taper their monthly bond-buying by about $10 billion. While a tapering announcement was more or less expected to take place this week, investors were unsure as to how severe the QE reduction would be. Though there…

Silver prices are trading slightly higher this morning as investors await the much anticipated FOMC announcement later this afternoon. Markets could remain stagnant before the announcement with the potential for some erratic trade as final position squaring ahead of the Fed takes place. In addition, it is anyone’s guess at this point as to whether…

Gold and silver are hovering at about even on Friday after what has been a week of ups and downs. Though there were not as many economic reports released this week as there were last week, investors had plenty to keep them busy. Next week’s FOMC policy meeting has been the number one topic of…

Silver prices are trading slightly higher this morning while gold trades just below the flat line. To see these markets take a bit of a breather after recent price action should come as no surprise. Silver has been climbing steadily the last few sessions, and has cleared its 9 and 20 day EMA’s. This could…

Gold fell to another 5-month low in the early parts of Friday, but quickly bounced back thanks to more bargain hunting buying. Today’s employment report for November was the most highly anticipated piece of economic data released this week, and it lived up to expectations. Now, with plenty of economic data for investors to mull…

Silver prices are clawing their way back this morning following losses the last two days of trading to start the week. As of this post, silver is trading up about $.24 even with a stronger dollar index. Higher crude oil prices and weaker stocks are also likely contributing to silver’s early upside today. Today is…

In the early hours of Friday gold and silver have both made marginal gains largely attributed to a slightly weaker US Dollar. As Americans recover from the Thanksgiving holiday that took place yesterday, it is expected that Friday will be a mostly quiet day as far as trading is concerned. As we bring November to…

Silver prices are trading relatively flat ahead of the Thanksgiving holiday. Silver is currently trading up about a nickel as of this post in what appears to be directionless trade. While many traders and investors have already started their turkey day time off, the markets will get a fair amount of data to digest today….

Gold and silver did not fare any better this week than last week as the bearish FOMC minutes ended up putting even more downward pressure on gold and silver. Apart from all the talk regarding US monetary policy, some downbeat economic data out of China was yet another factor working against the spot values of…

Silver prices are trading moderately lower this morning as stocks move higher to start a data rich trading day. Last night, outgoing Fed chief Ben Bernanke also gave a speech in which the chairman discussed ongoing monetary policy and why the Fed should remain very accommodating for the foreseeable future. Markets today will have a…

Gold and silver had a lackluster week as there were few economic news stories able to move gold or silver either way. With that being said, gold and silver did manage one day of respite this week, though the gains made hardly make up for the string of losses posted by gold and silver over…

Silver prices are trading slightly lower this morning in uneventful trade thus far. Today is light in terms of economic data and perhaps the biggest single event of the day will be a town hall meeting that Ben Bernanke is participating in later this evening. There was simply not much to report from the overnight…

Gold and silver posted substantial losses this week in the wake of the latest European Central Bank meeting and some stronger than expected US economic data. Gold is now sitting at a 3-week low and has fell under $1,300. The US Dollar has been rallying all week long at the expense of the euro currency….

Silver prices are trading modestly higher on Wednesday as a weaker dollar and short covering drive the metal higher. The metal has traded in a very tight range the last two sessions following last week’s losses as investors await further inputs. Thus far this week, the market has gotten the latest readings on factory orders…

Gold and silver finished the last week of October in unimpressive fashion as a bearish statement by the Fed has prompted an upswing by the US Dollar. The main news story this week was the FOMC meeting which took place between Tuesday and Wednesday. In other news, US economic reports as well as European inflation…

Silver prices are putting in a good showing thus far today with silver prices up over $.50 as of this post and above the $23 level.  There is likely some ongoing short covering in silver prices as well as fresh buying. In addition, there is some position squaring likely taking place ahead of this afternoon’s…