Silver Fundamental Analysis December 20, 2012, Forecast

Analysis and Recommendations:

Silver is trading at 31.348 tumbling 32 cents as precious metals retreated along with industrial metals on disappointing housing starts in the US and mixed data out of Germany. Taking cues from rise in gold prices along with upside in the base metals complex, Spot silver prices also gained 0.1 percent today. Additionally, a weaker DX also acted as a positive factor for the white metal prices. The base metals pack traded on a positive note today on account of upbeat global market sentiments along with weakness in the DX. However, sharp upside in the prices was capped as a result of mixed LME inventories today. Copper, the leader of the base metals group traded on a mixed note the back of positive global market sentiments coupled with weakness in the DX

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 recent analysis and information in our  weekly reports.

Economic Data December 19, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 20 10:30 UK 

Dec 20 16:30 Italy  

Dec 20 18:00 US 

Dec 21 16:30 Italy