Can Gold, Silver Maintain Momentum?

ng.investing.com/analysis/can-gold-silver-maintain-momentum-160898

By Fawad Razaqzada | Mar 31, 2023 12:24

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XAU/USD

-0.28%

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XAG/USD

-0.75%

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Gold

-0.54%

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Silver

-0.96%

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Gold and silver have had a great month so far. With risk appetite improving noticeably in the last week or so, silver, which is more of a risk-sensitive commodity, has outperformed the yellow metal.

Both previous metals have been supported by falling interest rate expectations, a weakening US dollar, some safe-haven demand, as well as strong physical demand from China. All these factors are boosting the silver price outlook.

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Central Banks

Interest Rates

Next Meeting

CBN

18.50%

Jul 25, 2023

BOE

4.50%

Jun 22, 2023

ECB

3.75%

Jun 15, 2023

FED

5.25%

Jun 14, 2023

SNB

1.50%

Jun 22, 2023

RBA

3.85%

Jun 06, 2023

BOC

4.50%

Jun 07, 2023

RBNZ

5.50%

Jul 12, 2023

BOJ

-0.10%

Jun 16, 2023

CBR

7.50%

Jun 09, 2023

RBI

6.50%

Jun 08, 2023

PBOC

3.65%

BCB

13.75%

Jun 21, 2023

NSE 30	2,019.83	-2.10	-0.10%
NSE All Share	55,822.82	+14.57	+0.03%
US 30	33,800.5	+37.7	+0.11%
US 500	4,283.1	+0.7	+0.02%
FTSE 100	7,641.62	+34.34	+0.45%
DAX	16,086.75	+35.52	+0.22%
South Africa Top 40	71,746.24	-247.03	-0.34%

Brent Oil	77.37	+1.24	+1.63%
Crude Oil WTI	72.97	+1.23	+1.71%
Gold	1,959.05	-10.55	-0.54%
Silver	23.520	-0.227	-0.96%
Copper	3.7115	-0.0195	-0.52%
London Cocoa	2,337.00	0.00	0.00%
London Wheat	171.10	+2.25	+1.33%

Nigeria 10Y	14.334	-0.001	0.00%
Nigeria 2Y	11.448	-0.003	0.00%
U.K. 10Y	4.2520	+0.0950	+2.29%
Germany 10Y	2.3735	+0.0655	+2.84%
U.S. 10Y	3.749	+0.061	+1.67%
U.S. 5Y	3.909	+0.067	+1.73%
U.S. 2Y	4.574	+0.077	+1.72%

Access Bank	10.00	+0.00	+0.00%
Zenith Bank	28.60	-0.80	-2.71%
UBA	9.45	-0.45	-4.59%
FBN Holdings	13.75	+0.25	+1.79%
Guaranty Trust Holding	28.35	-0.65	-2.24%
Sterling Bank	2.090	-0.170	-7.56%
Dangote Cement	275.20	-14.80	-5.10%

Can Gold, Silver Maintain Momentum?

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