Forex

At more than $ 18 an ounce, the white precious metal is now trading at its highest level in several years. There are also indications that silver could run well in the coming weeks and months - better than gold, if possible.

A look at the numbers shows: Already in recent weeks, the silver price stock market chart rose at a faster pace than the gold price stock market chart show. Thus, both precious metals have increased by around 20 percent since the beginning of the year. Looking at the period from the end of June this year onwards, however, silver has risen by just under 20 percent, while gold has seen a plus of just 7 to 8 percent in this shortened perspective.

The euro has barely moved on Friday before new labor market data from the US. At noon, the common currency cost $ 1.1030, slightly less than the morning. The European Central Bank (ECB) had set the reference rate at $ 1.1058 on Thursday afternoon.

China eased its monetary policy on Friday. The central bank of the People's Republic lowered by 0.5 points to 13.0 percent the rate at which banks must hold deposits. At the same time, she reiterated that she wanted to refrain from a strong monetary easing. This should have anticipated anticipated criticism from the US. The US government accuses China of intentionally weakening the national currency yuan in order to gain competitive advantages.

Its like in a Casino with the oilprice, but what do you think about that?

The API reported a massive cut in US crude oil inventories on Tuesday and last week. The stocks in the important camp Cushing should have fallen sharply. Actually, it was the biggest, weekly mining since June. If the EIA also reports a similar reduction in stocks this afternoon, the oil price should once again benefit from this.