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May 20th Early Week Silver Market Update

Gold and silver finished the day in slightly elevated positions, but they still did not manage too much in the way of gains on the day. Investors were exhibiting more of a risk-off posture today and that translated into some increased interest in the purchase of physical gold and silver.

The investing world has really begun to forget about the crisis in Ukraine as there have been very few new developments over the past week or so. In fact, the only development there is to speak of is with regard to Russian president Vladimir Putin calling upon his troops stationed along the Ukrainian border to withdraw and return home. For the first time in the past month or more, the Russian leader made a concerted effort to peacefully resolve the ongoing crisis in Ukraine. With that in mind, however, Ukraine still has a long way to go before things are back to normal, so to speak.

Light Week of US Economic Data

The investing world has thus far been devoid of any groundbreaking US economic news this week, and it is expected that it will stay this way throughout the duration of the week. In fact, the only piece of data investors are at all concerned about this week will come on Wednesday in the form of the minutes from the FOMC's latest meeting. While the minutes are very much a key piece of information for investors, most are expecting that they will emit nothing more than a positive outlook on the US economy, the likes of which we have heard over and over again from Fed chairperson Janet Yellen. Currently, investors are both preparing for the continued tapering of Quantitative Easing as well as the expectation that interest rates will remain at current levels for the foreseeable future.

In other news from around the world, there are growing concerns with regard to the economies of both Italy and Spain. Bond yields have been on the rise as of late and are beginning to become a real concern for some market analysts. In all, recent economic activity from Europe is only lending more credence to the belief that the ECB will implement some sort of monetary stimulus measure at their upcoming meeting in June. If the ECB decides to implement fresh monetary stimulus, many signs are pointing towards it having a somewhat negative affect on the spot values of metals. The reason for this is simple, stimulus will drive the value of the euro currency down which will, in turn, cause the USD to make large gains. The Dollar making gains will almost inevitably drive down the spot value of gold, or at least this is what droves of market analysts think at present. While all this speculation is fine and good,

Posted in Market Updates

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