Silver prices jumped after the CPI data was released yesterday. Price rested from a low of 28,427 soaring high at 29,732.
Lower-than-expected CPI data may be a trigger for the weakening of the USD and a driver for precious metals, both gold and silver. The actual CPI data shows 0.3% with a forecast of 0.4%, a lower actual value has a negative impact the USD.
Silver forecasting analysts target $30 may be a psychological level, a break of this level could make a rally continuation. Yesterday's highest silver price was 29,788, a price still below the $30 level, which according to analysts is the psychological level of silver.
Lower-than-expected CPI data may be a trigger for the weakening of the USD and a driver for precious metals, both gold and silver. The actual CPI data shows 0.3% with a forecast of 0.4%, a lower actual value has a negative impact the USD.
Silver forecasting analysts target $30 may be a psychological level, a break of this level could make a rally continuation. Yesterday's highest silver price was 29,788, a price still below the $30 level, which according to analysts is the psychological level of silver.
