Some short covering in the futures market and some bargain hunting in the cash market are featured heading into the weekend.
The PCE price indexes will be closely watched for their inflation implications, as it’s been said the Federal Reserve very closely follows those indexes.
stock indexes are pointed toward modestly higher openings when the New York day session begins and are at or near their record highs.
Reports say Russia is considering levying $2.3 billion in export taxes for steel products, nickel, aluminum and copper.
First support is seen at the overnight low of $1,773.60 and then at last week’s low of $1,761.20.
Silver bulls’ next upside price objective is closing July futures prices above solid technical resistance at $27.50 an ounce.