The COMEX spot price on silver is below $26.00/toz, but it is still higher than it had been just two weeks ago.
Whether it goes higher (or lower) depends upon the Bureau of Labor Statistics inflation report on Wednesday of the US consumer price index. It is expected to remain the same as in March, 5%.
Here's the current COMEX silver spot price:
We are currently feeling the force of sky-high inflation in our everyday lives.
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| Above, Dallas Love Field Airport terminal. Photo by Armand Vaquer. |
It has impacted us with price rises on food, housing, utilities and goods & services. Right now, there's no end in sight.
It is also impacting the U.S. travel industry.
TravelPulse has posted an article on how inflation is impacting the cost of traveling in the U.S.
They begin it with:
New data showed inflation in the United States has risen at the fastest rate since 1981, and the travel and tourism industries have already felt the force of the changes.
According to the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) rose 8.5 percent in March year-over-year and 7.9 percent in February, the fastest jump registered since December 1981.
In an infographic from Yahoo Finance, the Federal Reserve revealed prices over the last year have increased for several travel-related industries, including hotel rooms (25.1 percent), rental cars (23.4 percent), restaurants (6.9 percent) and recreation (4.8 percent).
To read more, go here.
Ever notice how the Democrats haven't bragged about how great a job His Fraudulency Joe Biden has been doing?
Well, there's many good reasons for that and the Bureau of Labor Statistics has provided another reason of why Biden is doing a crappy job.
From Yahoo! Finance:
U.S. consumer price increases quickened in March, underscoring ongoing inflationary pressures as supply chain disruptions and shortages lingered across the economy.
The Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI) rose 8.5% in March compared to the same month last year, according to the latest report released Tuesday. That marked the fastest rise since December 1981. This followed a 7.9% annual increase in February. Heading into the report, consensus economists were looking for an 8.4% jump for March, according to Bloomberg data.
To read more, go here.
