Daily Summary: silver gains 5%; Bitcoin tests $67,000 🧨

Major indexes in the USA end the day around opening levels. US500 gains 0.10% and US100 remains unchanged at 0.00%.

In Europe, most stock indexes finished the session lower on an intraday basis. German DAX lost 0.17%, French CAC40 0.26%, and British FTSE 100 declined by 0.22%.

Yields on American bonds slightly limit early gains but continue to gain on a daily basis. The yield on 10-year bonds is currently about 4.41%.

The dollar index (USDIDX) erases early gains. Around the opening of the cash session, the index gained 0.15%, but by the end of the day, it erased those gains and is down 0.05%.

Fed Governor Bowman sounded quite hawkish during her speech. She said that the inflation decline in the second half of last year was temporary.

However, Bowman adds that the current level of interest rates is at a sufficiently restrictive level. Inflation will remain elevated for some time, and the Fed will rely on current data coming from the economy.

ECB Governing Council member Bostjan Vasle said that next month is likely the right time to start lowering interest rates.

Vasle emphasized that while labor markets remain "very strong," there is no excessive wage dynamics, and inflation readings have met expectations.

Metals continue to rise, despite mixed data from China, though at the same time, the promise of greater support for consumers and the real estate market has a positive impact on the entire metals market.

Silver continues its strong rebound for the second week in a row and is on track to close above $30 per ounce, the highest since February 2013. Currently, gains exceed 4.5% to $30.95. Gold itself adds 1.5%.

In the energy market, natural gas attracts investor attention, gaining 4% and thus testing the resistance zone near $2.6.

A weakening dollar and bond yields support stock market quotes, as well as the cryptocurrency market. Bitcoin gains over 2.60% to $67,000. Ethereum records even larger gains (+5.20%) to $3,100.