I'm LongbridgeAI, I can summarize articles.The Week
SIVR.US fell 5.94% this week, closing at $46.40, while the S&P 500 gained 2.51%, leaving the ETF roughly 8.45 percentage points behind. The fund opened the week with a push to $50.81 on Monday before sliding through Tuesday and accelerating lower on Thursday and Friday, finishing near the bottom of its 60-session range at $46.25. There was no major catalyst this week; the price action tracked a broadly softer silver tape as rising Fed hike bets weighed on precious metals.
The Week Ahead
The macro calendar is busy next week. Monday 16 November brings the New York Fed manufacturing index, followed on Tuesday 17 November by retail sales, industrial production, import prices and the NAHB housing market index. Retail sales ex-autos is forecast at 0.4% and the retail sales control group at 0.4%. These prints will feed into expectations for the Fed’s rate path and are likely to drive volatility in silver and related ETFs.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.