I've never seen the demand for precious metals even remotely close to what I'm seeing right now ever in 34 years not even close not by a million miles and I will stick to what I've been saying on your show for the past two years this Market will Define Itself by the inability to Source product When the Music Stops welcome to Silver News Daily your ultimate destination for all things precious metals if you're passionate about the glimmer of silver and the world of precious metals you're in the


right place by hitting that magical subscribe button you're joining a community of like-minded thinkers who see the potential of silver and precious metals shaping the future buckle up because we're diving head first into the latest news and updates US dollars [Music] let's just see some Chinese [Music] they are dancing [Music] even with external factors [Music] remember last week [Music] Direction [Music] this might just be the Golden Age as we wave a baited breath service recipient


but here's a little Insider tip they might just keep those interest rates steady with all this unfolding the US dollar s [Music] here [Music] juicy short besides the pivot you could be looking at some substantial shifts in the game especially if they prepare the markets for potential rate Cuts starting from the second quarter of 2024. all right let's pivot to our shining star silver as it tries to Edge closer to a significant moving average gold two hints and a steady climb you see there's


a major economic event on the horizon everyone's eyes and ears are tuned to the fall great decision and those much anticipated quarterly forecasts these aren't just numbers or percentages they provide us a peek into the minds of the big players giving insights into their thoughts on growth inflation and yes the ever important interest rates board on the street is that the fomp is holding their cards close to their chest the market feels that they might keep the rates unchanged letting the previous


rate hikes do their magic in the real world after all data-driven decision making is their Mantra you see Gold's reaction is like that of a finely tuned instrument resonating to the chords of the US dollar and U.S treasury yields the aftermath of the funk statement is sure to Ripple for these Waters add to that the rising oil prices and we have ourselves a thrilling narrative replete with inflation concerns and monetary maneuvering Gold's Behavior recently has been intriguing it's been testing the


waters around the 200-day simple moving average for those new to the lingo think of it as Gold's performance track record over the past 200 days this gives us a glimpse of its trajectory showing patterns of Peaks and troughs for now gold seems to be in this dance of making slightly lower highs yet also higher lows it's like a balancing act and it's holding a pivotal position right in the face of a narrowing range let's keep our eyes on this space the story is unfolding and there's more to come from


the shimmering world of gold and silver just stay tuned to Silver News Daily and I promise Miss A Beat if you've been tracking the charts like I have you might have noticed something fascinating about silver lately did you catch it for the past month silver has been Treading Water maintaining a sort of tight sideways pattern but like the Calm before the storm the experts are hinting at an impending breakout One Direction or the other and given its historical performance Silver's volatility promises


us quite the show hang tight because this ride's about to get wild now let's scroll down memory lane for a moment remember the economic events of the past few months the geopolitical tensions the supply chain hiccups the inflation headlines all these factors like pieces of a jigsaw puzzle interlock to impact our beloved Metals gold and silver in the current climate silver is acting a bit like Gold's Shadow echoing its larger counterparts movements but often with Amplified reactions so all gold


might take a step silver often takes a leap enter industrial demand Universe silver isn't just a pretty face or a means of investment a massive chunk of Silver's demand stems from its industrial usage be an Electronics solar panels or even those antibacterial sucks you got last Christmas Silver's there working its magic and with Industries booming and Global markets expanding the demand for silver is poised to shoot up there's an old saying among Traders I own a rumors sell on the news Well


whispers are sprilling about potential mine shutdowns and Strikes in major silver producing regions if these rumors are even half true it could mean a dip in Supply and what happens when demand goes up but Supply dips Elementary my dear viewers prices are bound to react in potentially in a dramatic fashion are you starting to feel the excitement can you set the magnetic field initials [Music] yeah foreign [Music] 2024 we could witness the Federal Reserve doing about face and cutting rates once again if you've been around


the block a few times you'll know that this is music for the ears for gold enthusiasts I know Lionel you're wondering about the dollar gold as many of you seasoned viewers know as this intriguing dance with the US dollar but the dollar flexes its muscles gold tends to be a bit more reserved recent data indicates a slight dip in the Dollar's strength and if you're an avid watcher like I am this information is as golden as it gets months a day gold prices have been somewhat modest they've taken a


slight dip but hey it's still shining brighter by about six percent for this year analysts from a renowned Bank hint at a soft Landing scenario for the U.S economy suggesting that gold might experience a little turbulence but nothing too stormy now if the fonc the big players in the monetary game pivot to a neutral stance and give hints of potential rate cuts by the second quarter of 2024. we might see a whole new chapter in the gold Saga before I wrap up this section let me leave you with this tantalizing tidbit remember


every forecast every projection is but a signpost the true Thrill Is In the Journey as long as you're here with me and silver News Daily every turn in the road promises to be an adventure how are you my friends diving a bit deeper have you ever been curious about those key technical levels that experts always mention think of it as the pulse of gold a way for us to gauge its current health and future Direction goal's been acting like a mysterious character in a thriller novel circling around this


crucial point but here's the thing it's full momentum seems to be playing hard to get as we approach the middle of the week we've had a storm of economic data on the horizon everyone's talking about the fomc rape decision and the market is buzzing with speculation about what the forecast might reveal growth inflation interest rates the big Trifecta were all eager to decode from Whispers in the financial corridors there's a massive consensus suggesting the fonc will likely stay put on rates it seems


they're leaning towards a wait and see approach allowing past interest rate shifts to do their magic on the economy honestly it's a prune strategy and here's the juicy part Gold's expected reaction after the fomc's announcement both the value of the US dollar and the treasury yields are shaping up to beat major players in this narrative these three gold the dollar and yields always seem to be in this interconnected dance with each step influencing the other add to that the recent spike in oil prices


and the plot thickens putting renewed concerns of inflation back on the table for those of you who love chart talk Gold's been making moves brushing against a critical average often referred to as the 200-day simple moving average it's like watching an intricate dance Peaks valleys suspense anticipation currently resistance appears to be looting near 1937 supports seemingly established near 1915 and a subsequent more pronounced low around 1901 to wrap this up while these numbers and Trends are compelling as the


narrative they craft that truly captivates a tale of anticipation tenacity and the fascinating world of Economics remember as we continue this journey with silver News Daily it's not just about numbers but the story's passion and entry Behind These medals that make every moment captivating but here's a thought for all you silver enthusia is tuning in you might be thinking we've been chatting quite a bit about gold boat what's the C with silver well similar to its golden counterpart


the silver 2 is making its moves attempting to test an equally significant moving average these moving averages vote for gold and silver give us a snapshot and insight if you will into potential future Trends now while gold often takes the Limelight let's not forget that silver has its own set of advantages it's versatile widely used in Industries and like gold it's been a trusted store of value for centuries plus it has a unique charm a glitch that has caught the eye of many an investor


one thing that both gold and silver share is their reaction to Global events and this week is crucial with a lot hanging on the fomc raid decision and those evenly awaited quarterly forecasts we've touched on this earlier but it Bears repeating due to its significance this upcoming data is not just numbers on a screen it's a pulse on the Market's current thoughts and potential future movements the the fomc and its decisions has to widen influencing a plethora of assets their verdict could provide


valuable insight into the committee's thoughts on growth inflation and of course interest rates the anticipation is thick in the air and the outcome will undoubtedly shape the narrative for both gold and silver in the near future however amidst all this there's a silent player a US dollar its strength its movements are like the background music in this Saga it might not always be in your face but its influence is undeniable add to that the U.S treasury yields and you have a captivating dance


of Economics one that keeps us on our toes always eager to know the next step whether you're deeply invested in these medals or just starting your journey into the world of precious Commodities the twists and turns in their stories never cease to amaze stay tuned because in our next segment we'll delve even deeper into these narratives and the underlying currents that shape them alright dear friends as we approach the finale of today's enlightening Journey let's take a moment to absorb everything


we've covered both gold and silver those shimmering beacons of wealth and Trust have danced through history and continue to make waves in today's intricate Financial landscape from the federal reserve's decisions to global economic shifts these precious metals have stories that are intertwined with the very fabric of our financial World however as we Relish in the thrill of these tales and contemplate the potential moves it's vital to remember that investing always comes with its set


of risks while I even provide you with the latest updates and insights here on Silver News Daily always remember the importance of doing your own research and Consulting with a trusted financial advisor before making any investment decisions and hey if you found value in this video do consider hitting that subscribe button not only does it motivate me to continue sharing my passion for the gold silver and everything in between but it also ensures that you won't miss out on any of our future updates lastly for the


depths of my heart thank you for being a part of this journey with me investing isn't just about numbers it's about people's stories and the dreams we're all trying to achieve so until next time take care make informed choices and keep that passion for precious metals Burning Bright