The PM’s volatility was on full display on May 11, with silver, gold and mining stocks plunging fiercely. While more economic concern should arise in the 2nd half of 2023.
PMI
Silver Technical Analysis: consolidation Zone $20.20-20.85
Silver Technical Analysis: Silver price is displaying a consolidation formed in a range of $20.20-20.85 after a sheer perpendicular downside on an hourly scale. The asset looks vulnerable as the 20-period Exponential Moving Average (EMA) at $20.70 is acting as a barricade for the Silver price.
China Manufacturing Rose in June Amid Global Upturn
Gold Silver Reports — China’s official factory gauge rose, adding to evidence that the world’s 2nd-largest economy maintained its momentum in the 2nd quarter as a pickup in global trade helped fill company order-books.