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Silver Fundamental Analysis December 31, 2012, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 02:00 UTC

Analysis and Recommendations: Silver followed gold to trade down today, after breaking above the 30.00 price silver slipped to 29.962 as industrial metals

Silver Fundamental Analysis December 31, 2012, Forecast

Silver Fundamental Analysis December 31, 2012, Forecast
Silver Fundamental Analysis December 31, 2012, Forecast
Analysis and Recommendations:

Silver followed gold to trade down today, after breaking above the 30.00 price silver slipped to 29.962 as industrial metals remained in on the positive side, while precious metals declined as US lawmakers continue to bicker and argue with little progress. President Obama summoned congressional leaders to the White House to help move negotiations forward.

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.

Markets will have a shortened day on Monday December 31st and most are closed on Tuesday January 1, 2013. Our analysis will be published as markets close on Monday and there will be no analysis on Tuesday. I want to wish all of my readers a happy and healthy new year. I hope you continue reading our analysis next year.  

Economic Data December 28, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 28

 

EUR

 

 

French Consumer Spending (MoM) 

0.2%

 

0.1% 

 

-0.1% 

   

 

 

EUR

 

 

French GDP (QoQ) 

0.1%

 

0.2% 

 

0.2% 

 

 

 

 

SEK

 

 

Swedish Retail Sales (MoM) 

0.30%

 

0.20% 

 

-1.80% 

   

 

 

EUR

 

 

Italian 10-Year BTP Auction 

4.48%

 

 

 

4.45% 

 

 

 

 

USD

 

 

Chicago PMI 

51.6 

 

51.0 

 

50.4 

 

 

 

 

USD

 

 

Pending Home Sales (MoM) 

 1.7%

 

1.0% 

 

5.2% 

 

 

 

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

Date

Time

Country

Event

Forecast

Previous

Jan. 01

01:00

CNY

Chinese Manufacturing PMI 

 

50.60 

Jan. 02

00:00

EUR

German CPI (MoM) 

0.7% 

-0.1% 

 

00:00

EUR

German CPI (YoY) 

1.9% 

1.9% 

 

08:00

CHF

KOF Leading Indicators 

1.38 

1.50 

 

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