Silver Fundamental Analysis July 20, 2012, Forecast

Analysis and Recommendations:

Silver added 0.293 to trade at 27.388 following on the heels of gold as industrial metals and precious metals witnessed gain on more positive attitudes. Base metals rose in LME as well as in Shanghai. LME copper gained the most in the base metal complex, rising around one per cent. Apart from an upbeat economic indicator from the US, expectation of aggressive monetary easing from China lifted prices. However, persisting worries over Euro Zone debt crisis capped gains.

Comments by the German Chancellor that the solution to the bloc’s problem was not yet in sight made investors to remain at guard.  Tracking gains in the international market, base metal complex in MCX too edged higher.

With the US dollar weakened on poor eco data and negative comments from Fed Chairman Bernanke, silver was able to enjoy a weakness.

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 19, 2012 actual v. forecast

 

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

Government Bond Auctions

Date  Time  Country 

Jul 23- n/a  UK

Jul 23  09:30  Germany

Jul 24  08:30  Netherlands

Jul 24  08:30  Spain 

Jul 24  15:30  Italy

Jul 24  17:00  US

Jul 25  09:30  Germany

Jul 25  15:30  Italy

Jul 25  17:00  US

Jul 26  00:30  Japan

Jul 26  09:10  Italy

Jul 27  09:10  Italy

Jul 27  17:00  US