At Fed Chairman Jerome Powell’s press conference, he did not assuage inflation worries, ostensibly saying the Fed really does not know how much or for how long inflationary pressures will be on the rise.
economic data released this morning did not impact the markets and is being overshadowed by the FOMC meeting amid traders and investors still buzzing about it.
Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00.
Silver bulls’ next upside price objective is closing July futures prices above solid technical resistance at $28.00 an ounce.