Silver futures forecast market participants in silver futures

Market participants in silver futures forecast expect sideways consolidation as traders await the Federal Reserve’s rate guidance impacting precious metals valuations. The next time you shop Costco ( COST ), you may want to pick up some gold with that rotisserie chicken. Gold prices have been on a run lately, and what more convenient place can you find to buy a commodity? Silver is a precious metal in the commodities market – part investment asset, part industrial powerhouse. Its price responds to broad economic trends as well as demand from key sectors like electronics, solar, energy, and automotive manufacturing. Technical traders watching silver futures forecast identify $28.70 as key support; a break below may invite short-term bearish flows into the metals market.