By FXEmpire.com

Analysis and Recommendations:

Silver climbed in today’s session as most of the metal pack and the precious metals did. Silver is trading at 26.758 adding 0.034.

The strength of the Dollar Index limited the rise in silver, when the dollar is strong it makes purchasing the dollar based commodity high.

Silver followed gold today, as it bounced up and down between gains and losses holding fairly close to its open. Gold is currently up 5.85 trading at 1572.55.

There was little in the way of eco data and the news flow was as expected, the EU summit, Greece, Spain and Italy, along with bickering between Germany and the EU.

There should be little action here for the next day or so.

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.

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

Date

Time

Currency

Event

Previous

Jun 26

8:30

GBP

Public Sector Net Borrowing

-18.8B

13:00

USD

S&P/CS Composite-20 HPI y/y

-2.6%

14:00

USD

CB Consumer Confidence

64.9

Jun 27

All Day

EUR

German Prelim CPI m/m

-0.2%

8:30

GBP

BBA Mortgage Approvals

32.4K

10:00

GBP

CBI Realized Sales

21

12:30

USD

Durable Goods Orders m/m

0.2%

14:00

USD

Pending Home Sales m/m

-5.5%

14:30

USD

Crude Oil Inventories

Jun 28

7:55

EUR

German Unemployment Change

0K

8:30

GBP

Current Account

-8.5B

8:30

GBP

BOE Credit Conditions Survey

8:30

GBP

Final GDP q/q

-0.3%

12:30

USD

Unemployment Claims

12:30

USD

Final GDP q/q

1.9%

23:01

GBP

GfK Consumer Confidence

-29

Jun 29

29th-4th

EUR

German Retail Sales m/m

0.6%

6:45

EUR

French Consumer Spending m/m

0.6%

7:00

CHF

KOF Economic Barometer

0.81

8:00

EUR

M3 Money Supply y/y

2.5%

9:00

EUR

CPI Flash Estimate y/y

2.4%

12:30

USD

Core PCE Price Index m/m

0.1%

12:30

USD

Personal Spending m/m

0.3%

13:45

USD

Chicago PMI

52.7

13:55

USD

Revised UoM Consumer Sentiment

74.1

Click here to read Silver Technical Analysis.

Originally posted here