Silver World Kim to bring you the latest interpretation of the precious metals market today: First look at the international market news, in Friday, the United States released a number of economic data. At the end of the March, the U.S. University of Michigan consumer Confidence index was 80.0, expected to be 80.5, before the value of 79.9. The United States University of Michigan March expected end value of 70.0, expected 70.2, the former value of 69.4. Both figures were the lowest since November last year, but are still in the market's expectation. In addition, the US Department of Commerce's February core PCE index rose 1.1% per cent, but remains a small gap from the Fed's 2% inflation target. Silver World Kim Analysis that the data and the previous market expectations of the difference is not too big, so did not bring greater volatility in the international capital market. As of the end of Friday, the International spot gold and silver prices are slightly upward trend. Silver World Kim Analysis points out that the main factor in future decision of gold and silver prices will be the United States economic data, so investors still need to continue to pay attention to fundamentals. From the technical panel, the day-line level of gold and silver recently appeared in the band of the callback. Take spot silver as an example, from February 24 to create an annual high of 4364, after 24 trading days, the closing price in Friday closed at 3916, callback 448 points, the range of 10.27%. From the details, Silver World Kim analysis points out that in the continuous correction of the K-line combination, spot silver March 26 close and March 27 closing price of all 3903 yuan, the prices are exactly the same, which formed a typical type of counterattack, or dating line form, Then March 28 Spot silver figure on the Yang line continued, this form may be important changes in the market, Silver World Rong Kim to remind you can improve attention.
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