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April 25, 2023
Silver has been losing ground for 10 days, shedding a total of 3% of its value. More of the same today: the CME Silver future is down to $25.19 per troy ounce, after ending yesterday at $25.31. Overall, a 0.48% loss or 12.1 cents today.
United States Building Permits is next today at 13:30 UTC.
Though Silver has been dropping, other Metals have been performing better: having closed the previous session at $1,999.8, Gold is up 0.2% today to currently trade at around $2,003.8.
Looking ahead, ongoing depreciation may be prolonged as United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of -0.1%; data will be released tomorrow at 12:30 UTC.
In addition, United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.
Furthermore, United States Building Permits is scheduled for today at 13:30 UTC.
The commodity has been trending positively for about a month. Over the past 12 days, Silver has retreated 2.52% from a noteworthy peak of $25.96.
