Silver slipped below last week’s 58.46 low to touch 58.39 even as Treasury yields and the Dollar fell, while the Gold/Silver ratio accelerated toward 71—a divergence suggesting Silver’s weakness is no longer just about rates, with a decisive channel break opening the door to the psychological $50 level.
The post Silver Breaks Support Despite Lower Yields. Is $50 Back in Sight? appeared first on ActionForex.
Markets Markets largely erased yesterday’s modest losses, a session marked by broad-based but limited directional moves. Core bonds eked out a small win with yields easing by less than 2 bps in Europe and the Read more…
In focus today In the US, the most important data release of the week will be the September CPI, released this afternoon. We forecast headline inflation at 0.5% m/m SA, 3.6% y/y (prior: 0.6% m/m, Read more…
China’s exports surged well beyond expectations in September, reinforcing the strength of its external sector even as domestic demand continued to lag. In USD terms, exports accelerated from 25.0% yoy in August to 36.3% in Read more…