Silver has reversed its gains and now trades lower on the day, breaking below $46.00 on the spot market.
The dollar is making a comeback as profit-taking intensifies in oil (-$1.09 at $111.18) as well, now at 1.4560 support in EUR/USD.
Silver turns south
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- Silver
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- EIA weekly crude oil inventories +3939K vs -1040K expected
- USDCAD remains above moving averages but lower on the day
- Fed nominee Miran advances nomination along party lines
- US July wholesale sales +1.4% vs +0.2% expected
- The USDCHF keeps the sellers bias, but with work to do.
- Trump is out with the usual rant about Powell not cutting rates
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