{"id":125973,"date":"2024-07-01T09:24:27","date_gmt":"2024-07-01T09:24:27","guid":{"rendered":"https:\/\/kinesis.money\/?p=125973"},"modified":"2024-07-01T09:24:27","modified_gmt":"2024-07-01T09:24:27","slug":"silver-ticks-higher-inflation-slows","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pt-br\/market-analysis\/silver-news\/silver-ticks-higher-inflation-slows\/","title":{"rendered":"Silver Price News: Silver Ticks Higher As US Inflation Slows"},"content":{"rendered":"\n

Silver prices nudged higher on Friday, taking modest support from data showing that US inflation slowed in May.<\/p>\n\n\n\n

Prices were trading at $29.14 an ounce<\/a> by Friday afternoon, having briefly dropped as low as $28.86 an ounce in early trading. That compared with around $29.00 an ounce in late trades on Thursday, leaving silver prices moderately higher day-on-day.<\/p>\n\n\n\n

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KAG\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n\n\n\n

Gold prices followed a similar trading pattern on Friday, albeit closing flat day-on-day, providing little direction for silver.<\/p>\n\n\n\n

Data released on Friday afternoon showed that the US core PCE price index \u2013 the US Fed\u2019s preferred measure of inflation \u2013 increased by a marginal 0.1% in May compared with April. While the figure was in line with market expectations, it did highlight that inflation is slowing down, as it was the smallest monthly increase since November 2023.<\/p>\n\n\n\n

Inflation has been \u2018stickier\u2019 than expected so far in 2024, causing central banks to hold off from cutting interest rates and prompting the markets to scale back their bets on an easing of monetary policy until the autumn. US Fed officials have frequently underlined the need to see inflation coming down sustainably toward target levels before they can proceed with a more dovish stance on rates.<\/p>\n\n\n\n

In that context, the latest inflation figures were likely taken by the market as a sign that monetary easing is moving closer to materialising \u2013 which is a supportive element for precious metals prices.<\/p>\n\n\n\n

Looking ahead, the markets will be watching out for the June US ISM Manufacturing PMI figures on Monday. After a surprise drop in May, any further declines in US industrial activity could add pressure on the US Fed to slash interest rates. Tuesday\u2019s Euro Area inflation rate flash for June will also be of interest, as well as a planned speech by US Fed chair Jerome Powell and the latest monthly US jobs numbers.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Silver prices nudged higher on Friday, taking modest support from data showing that US inflation slowed in May.<\/p>\n","protected":false},"author":50,"featured_media":126000,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[91,214],"tags":[],"class_list":["post-125973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-silver-news"],"acf":[],"yoast_head":"\nSilver Price News: Silver Ticks Higher As US Inflation Slows | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Monday 1st of July 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" 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