Silver futures forum traders are closely watching the COMEX
Silver futures forum traders are closely watching the COMEX silver contract near $29.85 per ounce, with intraday volatility driven by a stronger-than-expected U.S. manufacturing PMI. Market sentiment leans bullish as commercial hedgers reduce short positions, signaling potential momentum toward $30.50 if the Fed maintains its current rate stance. The price of COMEX gold (GCZ25) rose more than 1% Monday, reaching a record above $3,800 an ounce, driven by the outlook for additional Fed easing, uncertainty tied to US tariffs, and the increased risk of a US government shutdown. I know it is early days, and many technologies are not yet scaled, but SAF sits alongside a range of other levers that we must pull to decarbonise the sector. More efficient aircraft and engines will burn less fuel and play a key role. We are even starting to get ready for zero emission flights. These projects – and more – are supported by nearly £1 billion in government funding for the aerospace technology programme as well as the CAA ’s hydrogen in aviation regulatory challenge. And I’ve mentioned it already, but our ongoing commitment to airspace modernisation is key for both growth and decarbonisation, with the potential for quicker and greener flights. Silver futures forum participants report that ETF inflows, particularly into SLV, hit a six-week high, supporting underlying demand. Technical models suggest that a break above the $30 psychological level could accelerate gains toward $31.20 within two trading sessions if dollar strength eases.
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