{"id":130785,"date":"2024-09-04T09:18:01","date_gmt":"2024-09-04T09:18:01","guid":{"rendered":"https:\/\/kinesis.money\/?p=130785"},"modified":"2024-09-04T09:18:06","modified_gmt":"2024-09-04T09:18:06","slug":"silver-slips-soft-data","status":"publish","type":"post","link":"https:\/\/kinesis.money\/tr\/market-analysis\/silver-news\/silver-slips-soft-data\/","title":{"rendered":"Silver Price News: Silver Slips on Soft Data"},"content":{"rendered":"\n

This morning, silver is trading down below $28\/toz on recent economic data that reaffirms a weak growth outlook. August Manufacturing PMIs for China, Japan, Australia and the Eurozone released on Monday, were all somewhat better than expected. However, with readings of 50.4, 49.8, 48.5 and 45.8 respectively the overall picture remained one of weak manufacturing activity.\u00a0 A subsequent, disappointing US ISM Manufacturing PMI print for August (47.2) was barely improved from July\u2019s seven-month low.<\/p>\n\n\n

\n
\"kinesis
Kinesis silver (KAG) price – $\/oz – on Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n

We would also note that copper \u2013 arguably a more economically sensitive metal than silver – has also performed poorly in recent days and is now trading close to the \u2018growth scare\u2019 levels of a month ago and c. 20% down from its May peak. In response, markets have edged up their bets for a 0.5% in the Fed Fund Rate on 18 September.<\/p>\n\n\n\n

Accordingly, silver\u2019s immediate technical position appears challenging. The metal is currently testing support at the 50% retracement of the 7 August-26 August low\/high at $28.32\/toz and there is only tentative oblique descending support at $27.86\/toz. With the standard MACD line now descended below the signal line, momentum is not supportive, increasing the probability that ascending major oblique support at $27.07\/toz and major horizontal support at $26.20 will come into play.<\/p>\n\n\n\n

To the upside, we see proximate resistance from the 20-day Simple Moving Average, currently at $28.75\/toz and the 38.2% Fibonacci Retracement of the 7 August-26 August low\/high at $28.76\/toz. Beyond this lies major horizontal resistance at $29.00\/toz, the 50-day Simple Moving Average at $29.12\/toz and oblique minor resistance at $29.15\/toz. Further resistance is indicated at $29.77\/toz (major horizontal), $30.03\/toz (descending minor oblique), $31.01\/toz (ascending minor oblique), $31.19\/toz (descending major oblique) and $32.06 (major horizontal).<\/p>\n\n\n\n

Significant events for silver investors going forward includes Australian Q2 GDP Growth on 4 September and German July Factory Orders on 5 September.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Mike<\/a> is a market strategist and media commentator with 30 years of experience analysing precious metals markets.\u00a0\u00a0\u00a0He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy.\u00a0\u00a0\u00a0During this time, he covered the gold, silver, platinum and palladium markets.<\/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.<\/em><\/p>\n

Read our Editorial Guidelines\u00a0here.<\/a><\/em><\/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":"

This morning, silver is trading down below $28\/toz on recent economic data that reaffirms a weak growth outlook. August Manufacturing PMIs for China, Japan, Australia and the Eurozone released on Monday, were all somewhat better than expected. However, with readings of 50.4, 49.8, 48.5 and 45.8 respectively the overall picture remained one of weak manufacturing […]<\/p>\n","protected":false},"author":51,"featured_media":130816,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[214],"tags":[],"class_list":["post-130785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silver-news"],"acf":[],"yoast_head":"\nSilver Price News: Silver Slips on Soft Data - Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Price News: Silver Slips on Soft Data\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-04T09:18:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-04T09:18:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Ingram\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Ingram\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/\"},\"author\":{\"name\":\"Mike Ingram\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"headline\":\"Silver Price News: Silver Slips on Soft Data\",\"datePublished\":\"2024-09-04T09:18:01+00:00\",\"dateModified\":\"2024-09-04T09:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/\"},\"wordCount\":310,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg\",\"articleSection\":[\"Silver News\"],\"inLanguage\":\"tr\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/\",\"name\":\"Silver Price News: Silver Slips on Soft Data - Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg\",\"datePublished\":\"2024-09-04T09:18:01+00:00\",\"dateModified\":\"2024-09-04T09:18:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"description\":\"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg\",\"width\":960,\"height\":529,\"caption\":\"silver news feature image\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-slips-soft-data\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/tr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Price News: Silver Slips on Soft Data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"tr\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\",\"name\":\"Mike Ingram\",\"description\":\"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.\",\"url\":\"https:\\\/\\\/kinesis.money\\\/tr\\\/author\\\/mikeingram\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silver Price News: Silver Slips on Soft Data - Kinesis","description":"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"tr_TR","og_type":"article","og_title":"Silver Price News: Silver Slips on Soft Data","og_description":"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.","og_url":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/","og_site_name":"Kinesis","article_published_time":"2024-09-04T09:18:01+00:00","article_modified_time":"2024-09-04T09:18:06+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","type":"image\/jpeg"}],"author":"Mike Ingram","twitter_card":"summary_large_image","twitter_description":"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.","twitter_misc":{"Yazan:":"Mike Ingram","Tahmini okuma s\u00fcresi":"3 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/"},"author":{"name":"Mike Ingram","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"headline":"Silver Price News: Silver Slips on Soft Data","datePublished":"2024-09-04T09:18:01+00:00","dateModified":"2024-09-04T09:18:06+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/"},"wordCount":310,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","articleSection":["Silver News"],"inLanguage":"tr","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/","url":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/","name":"Silver Price News: Silver Slips on Soft Data - Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","datePublished":"2024-09-04T09:18:01+00:00","dateModified":"2024-09-04T09:18:06+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"description":"Discover Kinesis' silver news analysis for today, Wednesday 4th of September 2024, from leading precious metals analyst Mike Ingram.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/"]}]},{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","width":960,"height":529,"caption":"silver news feature image"},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-slips-soft-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/tr\/"},{"@type":"ListItem","position":2,"name":"Silver Price News: Silver Slips on Soft Data"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"tr"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61","name":"Mike Ingram","description":"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.","url":"https:\/\/kinesis.money\/tr\/author\/mikeingram\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-feature-image-silver-price-news-silver-slips-on-soft-data.jpg","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-square-silver2-mon.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/130785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/comments?post=130785"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/130785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media\/130816"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media?parent=130785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/categories?post=130785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/tags?post=130785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}