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Silver sprints higher, gains more than 5%
forexlive115d ago

Silver sprints higher, gains more than 5%

Silver is up nearly 6% as it looks to break out of a recent range.These are the best levels since the crushing rout on January 30. Notably, that was the final trading day of January and this is the final trading day of February. The chart suddenly looks more promising as it breaks above the early February highs.This will mark the 10th consecutive month of gains in silver as it benefits both from the USD debasement trade along with industrial electrification demand.The gains are impressive today given that we had so much volatility last month and what looked like a blow-off top. Instead, silver steadied early in February and is now marching back higher. That suggests insatiable demand for silver and previous metals. Gold prices were lower earlier but have turned around and are up $50 to $5236 in what will be the all-time highest weekly close for gold (if it holds).Today's US PPI report raised some fresh questions about the Fed's ability to cut rates. In addition, oil prices are up 3% today in a move that will add further inflation pressure to the March pipeline data (and beyond). The oil move is highly conditional on what happens in Iran so keep a close eye on that.Should the US get significantly involved in Iran -- particularly if it looks like it be an operation for many months -- then I would expect further large bids in gold and precious metals. "The idea that we’re going to be in a Middle Eastern war for years with no end in sight -- there is no chance that will happen," Vance told the Post. He described the range of options as strikes that would "ensure Iran isn’t going to get a nuclear weapon" or actions that could lead to a diplomatic solution.Just now, US Secretary of State Marco Rubio announced a March 2-3 trip to Tel Aviv and that looks like a sign that nothing is imminent, though with war nothing is certain. This article was written by Adam Button at investinglive.com.

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Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Short Interest Up 1,137.3% in February
themarketsdaily115d ago

Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Short Interest Up 1,137.3% in February

Global X AgTech & Food Innovation ETF (NASDAQ:KROP – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,885 shares, an increase of 1,137.3% from the January 29th total of 314 shares. Based on an average daily [...]

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NetApp (NASDAQ:NTAP) Issues Q4 2026 Earnings Guidance
themarketsdaily115d ago

NetApp (NASDAQ:NTAP) Issues Q4 2026 Earnings Guidance

NetApp (NASDAQ:NTAP – Get Free Report) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.210-2.310 for the period, compared to the consensus estimate of 2.080. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. NetApp also [...]

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Anteris Technologies Global (NASDAQ:AVR) Releases Earnings Results
themarketsdaily115d ago

Anteris Technologies Global (NASDAQ:AVR) Releases Earnings Results

Anteris Technologies Global (NASDAQ:AVR – Get Free Report) announced its earnings results on Thursday. The company reported ($0.75) EPS for the quarter, FiscalAI reports. Anteris Technologies Global had a negative net margin of 3,944.93% and a negative return on equity of 252.71%. The business had revenue of $0.31 million during the quarter. Anteris Technologies Global [...]

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iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Increase in Short Interest
themarketsdaily115d ago

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Increase in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 469,399 shares, a growth of 1,296.9% from the January 29th total of 33,603 shares. Based on an average daily trading volume, of 114,940 shares, [...]

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Amarin (NASDAQ:AMRN) Posts Earnings Results, Beats Estimates By $1.28 EPS
themarketsdaily115d ago

Amarin (NASDAQ:AMRN) Posts Earnings Results, Beats Estimates By $1.28 EPS

Amarin (NASDAQ:AMRN – Get Free Report) issued its earnings results on Wednesday. The biopharmaceutical company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.27) by $1.28, FiscalAI reports. Amarin had a negative return on equity of 5.44% and a negative net margin of 18.16%.The firm had revenue of $49.22 [...]

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Producer Inflation Jumps More Than Expected: Is The Fed's Rate-Cut Plan Now In Trouble?
benzinga115d ago

Producer Inflation Jumps More Than Expected: Is The Fed's Rate-Cut Plan Now In Trouble?

The Producer Price Index delivered an upside surprise across the board in January, reviving concerns that price pressures remain sticky and complicating the Federal Reserve's rate-cut timeline.The Bureau of Labor Statistics reported Friday that headline producer prices rose 0.5% month over month in January, above the 0.3% consensus forecast and accelerating from December’s 0.4% pace. On a year-over-year basis, the PPI increased 2.9%, well above expectations of 2.6%, though slightly below December's 3.0%.Core PPI, which excludes food and energy, jumped 0.8% in January — the highest print since July 2025 — sharply outpacing expectations of 0.3%.On an annual basis, core producer prices rose 3.6%, again above the 3.0% forecast and up from 3.3% previously.Services Are The ProblemThe producer inflation impulse came from services. Final demand services surged 0.8% in January, the largest gain since July 2025.More than 20% of that increase came from a 14.4% jump in margins for professional and commercial equipment wholesaling. Meanwhile, goods prices fell 0.3%, the biggest ...Full story available on Benzinga.com

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