Analyst: White silver bounces to the critical test today

The analyst Giuseppe Dellamotta stated that since last Tuesday, the hopes for an agreement between the US and Iran have been boosted by a steady and steady increase in silver, further bolstered by weaker than expected non-farm employment reports. However, the momentum seems to be diminishing and may need to be sustained by today's United States CPI data. The CPI data were critical to September FOMC decision-making and to the speech given by Federal Reserve Chairman Walsh at the Jackson Hall workshop. The focus of the market will be on core CPI ring data, expected to be 0.2 per cent. If the data are higher than expected and may trigger short-term sales, traders will increase interest-rate bets. Conversely, if data were weak or even in line with expectations, the risks of the Fed ' s tightening policy should be further reduced and a new upward impetus provided to the bank. Kim Xian