Silver Fundamental Analysis December 25, 2012, Forecast

Analysis and Recommendations:

Silver is trading at 30.120 down by 0.83 following the metals pack as it did not pay attention to gold which is on the upside but swinging between small gains and losses today. Silver reacted more sharply to the decline in the metals pack as US lawmakers have not been successful in reaching a accord to deal with the US Fiscal Cliff which weighs heavily on the commodities markets. With traders out of the market on holiday, most commodities are range bound and are expected to remain that way throughout the week. There is limited data and news flow so the focus will be US lawmakers who are on break for the holidays.

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 24, 2012 actual v. forecast

There were no top tier economic events on Monday as global markets closed early for the Christmas holiday. Japanese markets are closed all day for a regional holiday.

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

Global markets are closed for the Christmas Holiday; many will reopen on Wednesday while some countries are out for additional days. There is no eco data on the calendar for December 25^th. We will not print any fundamental analysis on Christmas day and will return on December 26^th. I would like to wish all of my readers an enjoyable holiday season.

Government Bond Auction

Date Time Country 

Dec 26 01:30 Japan 

Dec 27 10:10 Italy  

Dec 28 10:10 Italy