Read more
3:12 PM · 29 August 2023

⏫⏫SILVER gains 1.7%!

SILVER
Commodities
-
-

US data released today turned out to be a disappointment - JOLTS figures are below 9 million, and Conference Board consumer sentiment for August has dropped well below expectations and the previous level. This is a kind of data the Fed would want to see when deciding to keep interest rates unchanged.

Powell maintained the same tone as before during his recent speech at Jackson Hole, emphasizing the need to wait for more data, including JOLTS. These data are coming out weak, which sets the stage for a lackluster Non-Farm Payrolls (NFP) reading for August. We will get to know this data this Friday.

We are observing significant increases in bond prices (TNOTE) following release of US data today, leading to a decrease in yields. The dollar is reacting to this, and EURUSD is now clearly trading above 1.0800. Gold has quickly risen back above $1930 per ounce, while silver is approaching the $25 per ounce mark. Silver experienced a strong upward surge last week and has risen by over 10% from its recent low. The $25 per ounce range is a local peak from mid-July.

Source: xStation5

 

14 November 2025, 6:39 PM

Wheat drops amid higher than expected WASDE report

14 November 2025, 4:28 PM

3 markets to watch next week (14.11.2025)

14 November 2025, 4:10 PM

NATGAS slightly gains after the EIA inventories change report

14 November 2025, 12:44 PM

🚩Cocoa and coffee futures decline sharply amid US South America trade deals 📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits