The important economic indicators affecting the spot silver price are as follows: 1.
When the non-farm value decreases, the economy enters a depression;
2. Enterprises reduce production.
Bearish dollar, positive spot silver;
On the contrary, negative silver;
3, the current account of the United States trade, current account deficit widened, the country’s currency depreciated.
Bad for the dollar.
Positive spot silver;
And vice versa;
4. The U.S. trade deficit.
If the trade deficit expands, imports are greater than exports, negative dollar, positive spot silver on the contrary is negative spot silver;
5. CPI(Consumer Price Index).
CPI is rising, but economic growth is slow. When inflation rises and market demand for preservation is enhanced, spot silver is rising sharply because of anti-inflation and value-added preservation.
6. Unemployment rate.
The unemployment rate fell, representing the overall healthy development of the economy, positive dollar, bearish spot silver;
On the contrary, more silver;
7. New home sales.
Sales volume increase if less than expected, positive dollar, bearish spot silver;
And vice versa;
8. Durable goods orders.
An increase would indicate an improvement in the manufacturing sector, which would be positive for the dollar and negative for spot silver.
And vice versa;
9. Sheggin Consumer Confidence Index.
Rising consumer confidence, expected consumption growth, Fed will raise interest rates, positive dollar, negative spot silver;
On the contrary, positive silver;
10. Gross Domestic Product.
The higher the GDP, the better the economy, the higher the interest rate, the stronger the exchange rate and the weaker the silver price.
11. Industrial Production index.
A rise in the index, which indicates an improving economy, could lead to higher interest rates, which should be positive for the dollar and negative for spot silver.
On the contrary, it is more beneficial;
12. Purchasing Managers Index (PMI).
The PMI usually uses 50 percent as the cut-off point for economic strength: anything above that is interpreted as a sign of expansion.
Bullish dollar, bearish spot silver;
Below 50% is more positive spot silver;
13. Durable goods orders.
An increase in the number would indicate an improvement in manufacturing conditions, which would be positive for the dollar and negative for spot silver.
On the contrary, it is more profitable silver;
14. The jobs report.
A drop in the unemployment rate or a rise in non-farm payrolls would signal a pick-up in business conditions and likely higher interest rates, which would be positive for the dollar and negative for spot silver.
On the contrary, more spot silver;
15. Producer Price index (PPI).
PPI rise for the dollar mostly positive dollar, bearish spot silver;
And vice versa;
16. Retail Sales index.
If the index rises, it indicates an increase in personal consumption expenditures and economic conditions are improving. If interest rates are expected to rise, it is positive for the dollar and negative for spot silver.
On the contrary, more spot silver;
17. Energy inventory and utilization.
If the energy inventory will reduce the price will rise, Libullish spot silver;
If the United States energy efficiency is good, positive dollar, negative spot silver.