Silver Fundamental Analysis July 12, 2012, Forecast

Analysis and Recommendations:

Silver is trading up at 26.962 after a severe fall yesterday. Precious metals as well as industrial metals are trading strong today. Silver rebounded slightly from yesterday decline, but was still weak in today’s session. Whereas gold has seen small gains and losses throughout the day with no real direction

The base metals complex traded on a positive on the back of weakness in the DX along with decline in LME inventories. Copper, the leader of the base metals group gained around 0.4 percent on account of decline in LME copper inventories by 0.4 percent which stood at 252,350 tonnes

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.

Economic Data July 11, 2012 actual v. forecast

 

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

Government Bond Auctions

Date  Time  Country 

Jul 12  09:10  Italy

Jul 12  09:30  UK

Jul 12  15:00  US

Jul 12  17:00  US

Jul 13  09:10  Italy

Jul 13  10:00  Belgium