Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.are modestly up in early U.S. trading but hit a record high of $2,150.
The key outside markets today see the U.S. dollar index weaker. Nymex crude oil prices are up a bit and trading around $98.00 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching 4.143%. May silver futures prices hit a two-month high early on today. The silver bulls have the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at last week’s low of $22.47. First resistance is seen at today’s high of $24.455 and then at $25.00. Next support is seen at today’s low of $23.845 and then at $23.50.
has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.
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