Here is the gist of Silver Institute Report available in both English and Hindi . SILVER SUPPLY- SILVER DEMAND- MARKET AND PRICE OUTLOOK- SILVER DEMAND- PRIMARY SILVER PRODUCTION COSTS- The key points from the data are: RESERVES AND RESOURCES- BULLION TRADE- GLOBAL SILVERWARE DEMAND- Content source: Silver Institute
Aluminum prices jumped nearly two and half percent yesterday. That was the biggest single day gain after 16 February 2023. Prices sparked to the eight week high after stronger-than-expected GDP data from China data released. Which boosted optimism over a demand recovery in the country, although fears of rising U.S.
Dollar retreated nearly 0.37% against its major peers. Currency dropped to the day’s low after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. Gold and Silver prices gained more than 0.51% .Copper prices up by 0.10%, Aluminum up by 2.49%, ZINC and Lead down
Crude oil retreated nearly 2% yesterday pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in northern oil exports from the Turkish port of Ceyhan after they were halted last month. Further, today prices traded slightly down as upbeat Chinese economic data
Dollar strengthened more than half percent yesterday. It bounced from the one-year low after strong earnings from some of Wall Street’s banking. Giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve. Friday saw the release of a strong set of first-quarter 2023
Gold prices made a historical high yesterday. Prices jumped more than 1.50%. As more signs of slowing economic growth fed into safe haven demand for the yellow metal. Yellow metals rose abruptly, as after the U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after weak
Precious metals had a speculative trade yesterday. Where, yellow metal made a new high and Silver witnessed its biggest single day gain after 17 March 2023. Both metals rise abruptly, as after U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after another round of weak
Crude oil prices witnessed a speculative jump yesterday. Prices jumped by 6.66%. Headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Oil prices rose abruptly after OPEC+ plans to cut more production jolted markets the previous day. With investors’
Crude oil prices witnessed a speculative upside move yesterday. It jumped 6.66%, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent crude was up 7.03%, at $79.73 a barrel after touching its highest since March 7 at $79.89.
This week, the US monthly jobs report will have an important trigger for the market. Further, OPEC meets and central banks in Australia and New Zealand are to deliver their latest interest rate decisions which also hold some volatility. Last week, Bullion prices extended its recent gain. Gold rose by
