By FXEmpire.com
Analysis and Recommendations:
Silver is trading at 28.353 down just a couple of cents. Silver followed cues from gold in a quiet day, with US markets closed for a long holiday. Volume was extremely light along with news flows. Silver had climbed higher on the weakness of the USD, but by late in the session the DI has picked up momentum again and silver moved to hover between gains and losses at its close from Friday.
Markets are expected to remain quiet until some eco data begins to be released starting on Wednesday.Also markets will focus on Greece and Spain in the upcoming days.
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 .
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Previous |
|
|
May 29 |
All Day |
EUR |
German Prelim CPI m/m |
0.2% |
|
10:00 |
GBP |
CBI Realized Sales |
-6 |
|
|
13:00 |
USD |
S&P/CS Composite-20 HPI y/y |
-3.5% |
|
|
14:00 |
USD |
CB Consumer Confidence |
69.2 |
|
|
May 30 |
7:00 |
CHF |
KOF Economic Barometer |
0.40 |
|
8:00 |
EUR |
M3 Money Supply y/y |
3.2% |
|
|
8:30 |
GBP |
Net Lending to Individuals m/m |
1.4B |
|
|
14:00 |
USD |
Pending Home Sales m/m |
4.1% |
|
|
23:01 |
GBP |
GfK Consumer Confidence |
-31 |
Click here for further Silver Forecast.
Originally posted here
