News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • BoJ Governor Kuroda: - ETF purchases goal is to lower risk premium - ETF purchases not intended to raise stock prices - BBG
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
  • Crude oil prices are underpinned by an unexpected fall in US crude inventories, as well as a softening US Dollar. The API reported a substantial 5.27-million-barrel draw in crude inventories, far larger than the baseline forecast of a 0.43-million-barrel rise.
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.41% Gold: -0.19% Silver: -0.51% View the performance of all markets via
  • (Sentiment Weekly) Canadian Dollar, Crude Oil Forecast: Will USD/CAD, WTI Fall as Long Bets Rise? (plus recording of today's webinar on IG Client Sentiment within the article below)
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇬🇧GBP: -0.02% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.14% 🇳🇿NZD: -0.14% 🇨🇦CAD: -0.16% View the performance of all markets via
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:
  • China's Ministry of Industry and Information Technology releases measures aimed at accelerating the reduction of steel output - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.47%. See the summary chart below and full details and charts on DailyFX:
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:
Silver Prices are Flat before FOMC

Silver Prices are Flat before FOMC

Alejandro Zambrano, Market Analyst

Talking Points

  • Activity is low ahead of crucial Fed rate meeting.
  • Silver prices remain trapped between last week’s low of $15.16 and this week’s high of $15.83.
  • FOMC: focus will probably be on hints of an April or June rate hike.

Trading is muted ahead of today’s Fed rate meeting and silver prices remain trapped between last week’s low of $15.16 and this week’s high of $15.83.

Key U.S. data will likely be the Inflation Report and Industrial Production figures which are on deck today and may trigger volatility, potentially creating a break to the current silver price range of $15.16-$15.83.

If this is not enough, then the Fed rate meeting outcome at 18:00 GMT, or the following press conference at 18:30 GMT may well do the trick.

Per the Fed funds’ futures contract, there is only a 2% likelihood that the Fed will raise rates, while 93 out of 97 economists in a Bloomberg poll expect them to remain unchanged at 0.5%.

Instead traders will scrutinize the statement and the press conference for hints of an April or June rate hike. The Fed funds’ futures are giving a 25.1% likelihood of a rate hike in April, followed by a 53.6% probability in June.

If last week’s low of $15.16 holds as a support, then silver may try to recuperate the last 48 hours of losses and possibly reach the high of $15.83. On a successful slide below last week’s low of $15.16, prices may reach the March 3 low of $14.87 followed by the January 29 low of $14.63.

See the DailyFX Analysts' 1Q forecasts for the Dollar, Euro, Pound, Equities and Gold

Silver Prices | FXCM: XAG/USD

Please add a description for the image.

Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

Struggling with Trading? Join a London Seminar

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.