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April 18, 2023
Silver is on a 4 day downtrend Today is looking a bit better: CME Silver trades at $25.12 per troy ounce, after ending yesterday at $25.09.
United States Building Permits (Mar) is next.
The CME Silver future's state is reflected by market data as United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion. United States NY Empire State Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
Meanwhile, mixed performances are seen in other Metals as Gold added 0.18% to its value, now trading at $2,010.7.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to -2.46 million while previous data was 597,000; data will be released tomorrow at 14:30 UTC. United States Building Permits (Mar) is expected today at 12:30 UTC.
The commodity has been trending positively for about a month. The past 6 months have been positive for the CME Silver future as it appreciated 33.61%, having traded as low as $17.67.
