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Commerzbank’s Carsten Fritsch reports that silver prices have reached a record $64.3 per ounce.

The Silver Institute predicts strong industrial demand for silver despite current volatility. Traders should prepare for potential pullbacks while considering long-term bullish strategies, as silver’s prospects in technology remain bright. – vtmarketsmy.com

Japanese Yen weakens against US Dollar and G10 currencies ahead of BoJ meeting

The Japanese Yen weakens against the US Dollar amid anticipated rate hikes by the Bank of Japan, leaving USD/JPY trading between 154-157. Traders are preparing for potential volatility following upcoming decisions. – vtmarketsmy.com

Oversupply concerns keep West Texas Intermediate crude oil prices under $60.00

WTI Crude Oil is struggling under $60 due to oversupply fears and geopolitical issues, with bearish momentum suggesting prices may drop further. Traders should consider put options to profit from declines. – vtmarketsmy.com

Gold surpasses $4,300 per ounce as Fed cuts rates by 25bps and Powell speaks

Gold prices jumped to over $4,300 an ounce after the Fed’s rate cut, signaling potential further easings due to labor market struggles. Future market turbulence is expected with leadership shifts ahead. – vtmarketsmy.com

Pound holds weekly gains despite slight decrease and mixed UK industrial data

The GBP/USD pair is poised for volatility due to crucial job data, inflation reports, and a Bank of England meeting. Traders might consider options strategies to capitalize on potential market shifts. – vtmarketsmy.com

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