US Treasury proceeds remained stable on Friday when investors assessed the impact of recent inflation data and developments for trade policy. Although the bond market is not yet prices in aggressive tariff reductions, further signs of economic weakness can lower the proceeds to support gold and silver prices.
Silver Outlook: Further profit possible, but data for retail sales add uncertainty
The outbreak of Silver above $ 32.65 is technically important and the next upward target is close to $ 34.87. However, the withdrawal of Friday under $ 33.00 suggests that economic data will play a key role in determining the next step.
If weaker consumer expenditure calls their concern about economic growth, traders can start prices in a more Dovish Fed posture, which could weigh on Treasury yields and silver. Conversely, if the inflation pressure continues to exist and the Fed retains its cautious approach, Silver could see further consolidation before resuming his upward trend.
For the time being, silver remains in a bullish position, but the volatility in the short term is probably if traders digest the impact of delaying the sale of the retail trade and digesting the expectations of the shifting rate.
More information in our economic calendar.