By FXEmpire.com

Analysis and Recommendations:

Silver is trading at 29.08 adding 0.59 in a strong day of trading. Silver matched gold’s movements today, as gold added 0.53% or 8.55 at this time.

Silver holdings of iShares silver trust, the largest ETF backed by the metal, increased to 9,696.23 tons, as on June 12. The dollar index, which measures the US unit against a basket of six major, edged down to 82.386, compared with 82.529 in Monday’s late North American trading.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data for June 13, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Jun. 13

00:00

JPY

BoJ Governor Shirakawa Speaks

01:30

AUD

Westpac Consumer Sentiment

0.30%

0.80%

06:30

EUR

French CPI (MoM)

-0.1%

0.2%

0.1%

07:00

EUR

German CPI (MoM)

-0.2%

-0.2%

-0.2%

07:00

EUR

German CPI (YoY)

1.9%

1.9%

1.9%

08:15

CHF

PPI (MoM)

-0.2%

-0.2%

-0.1%

10:00

EUR

Industrial Production (MoM)

-0.8%

-1.0%

-0.1%

13:30

USD

Core PPI (MoM)

0.2%

0.2%

0.2%

13:30

USD

Core Retail Sales (MoM)

-0.4%

0.0%

-0.3%

13:30

USD

PPI (MoM)

-1.0%

-0.6%

-0.2%

13:30

USD

Retail Sales (MoM)

-0.2%

-0.2%

-0.2%

13:30

USD

PPI (YoY)

0.7%

1.1%

1.9%

13:30

USD

Core PPI (YoY)

2.7%

2.8%

2.7%

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Forecast

Previous

Jun 14

7:30

CHF

Libor Rate

7:30

CHF

SNB Monetary Policy Assessment

7:30

CHF

SNB Press Conference

8:00

CHF

SNB Financial Stability Report

8:00

EUR

ECB Monthly Bulletin

9:00

EUR

CPI y/y

2.4%

12:30

USD

Unemployment Claims

377K

12:30

USD

CPI m/m

0.0%

12:30

USD

Current Account

-124B

Jun 15

8:30

GBP

Trade Balance

-8.6B

12:30

USD

Empire State Manufacturing Index

17.1

13:00

USD

TIC Long-Term Purchases

36.2B

13:15

USD

Capacity Utilization Rate

79.2%

13:15

USD

Industrial Production m/m

1.1%

13:55

USD

Prelim UoM Consumer Sentiment

79.3

Government Bond Auctions

Date Time Country

Jun 14 09:10 Italy

Jun 14 09:30 UK

Jun 14 15:00 US

Jun 14 17:00 US

Click here a current Silver Chart.

Originally posted here