(XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply

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Summary:

  • The Dollar indexes negative correlation with the Price of Silver.
  • Lumber futures prices are unlikely to fall.

Silver Price vs the Dollar Index - Investing in Silver falls as interest rates rise, with the Federal Reserve's hawkish outlook

In the past few days the price of silver has seen a steady decline, this decline comes despite concerns of rising inflation. Investing in Silver falls as interest rates rise, with the Federal Reserve's hawkish outlook and therefore, U.S bond yields expecting to see future increases, the price of Silver is likely going to see further decreases. In the coming days and weeks, we should watch the dollar index, which has a strong negative correlation with the price of Silver.

XAGUSD | Price Of Silver

Price of Silver Chart


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Lumber Futures Looking Positive

Since the market opened this morning, the price of Lumber futures have increased by more than 6% and over the past week the price has shown an overall upward price trend. For now, the rise in prices is a direct reaction to the increase in home building plans increasing in the U.S as summer looms. For the price of Lumber futures to fall significantly, the demand for the product will need to decrease or the supply will need to increase.

What Is Lumber?

Random Length Lumber Futures Price Chart


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Corn is facing problems due to the weather conditions in Brazil and the delay of corn crop planting in China

Corn Futures have increased in price to the highest since mid 2012 due to the tightening of supply and strengthening of demand. The supply of corn is facing problems due to the weather conditions in Brazil and the delay of corn crop planting in China amidst the Lockdown rules are setting up the world for losses in production. These issues along with the fears and uncertainty around the supply the world is already facing as a result of the Russia-Ukraine conflict, is driving the price of Corn upward.

Corn Price | Soft Commodities | Corn Futures

Mini-Corn Futures Price Chart

Sources: Finance.yahoo.com, tradingeconomics.com

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Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.