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United States New Home Sales (MoM) came in at 0.743M, above forecasts (0.692M) in April

Silver Price Forecast: XAG/USD trades almost flat around $33, outlook remains firm

Silver price (XAG/USD) wobbles in a tight range around $33.00 during North American trading hours on Friday. The white metal remains almost flat despite a substantial weakness in the US Dollar (USD).
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DXY: Weak sentiment on the day – OCBC

Overnight, US Dollar (USD) bounced after prelim PMIs surprised to the upside. But gains were retraced in the morning, alongside the pullback in UST yields. DXY was last seen at 99.40, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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