The preferred measure of the Central Bank, the outbreak of the gold, showed an annual increase in core inflation by 2.8%. This lecture, in accordance with predictions, remains above the target of 2% of the FED, so that doubts are made about the probability of reductions in the short term. The higher inflation data reinforced the dollar and weighing the momentum of Silver on the way to the weekend.
Dollar Strength Caps Winints
Despite the strong profit earlier in the week, Silver had difficulty retaining Momentum on Friday as the US dollar progressed. The combination of increased inflation and the cautious prospects of the FED led traders to re -assess the expectations for interest rate letings, which in turn support the dollar. The rising treasury yield further strengthened this trend, making it more challenging for silver to extend its rally.
Gold, on the other hand, maintained his upward momentum and benefited from the constant demand for safe haven. The hesitation of Silver in the light of dollar strength suggests that the next step can depend on whether macro -economic conditions continue to support precious metals such as a cover against uncertainty.