Further increases in Silver prices could indicate a growing bullish momentum. However, the alignment of Trump's policy news still shows no strong directional trend in the short-term price movement.Silver prices may face potential upside, the influence of concerns about Trump's policy changes has raised concerns among market players which could potentially increase Silver purchases for Second Safe Haven facilities to strengthen again.Until this news was released, the price of silver was at $ 30,133 Source:Newsmaker23
Gold (XAU/USD) prices continued their uptrend for the fourth straight day and rose to a four-week peak, around the $2,678-2,679 area during the early European session on Friday (10/1). Ongoing geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war and a generally weaker risk tone, turned out to be key factors supporting the precious metal as a safe haven. Source: Newsmaker.id
Silver prices remained above $30 an ounce on Friday (10/1), nearing a three-week high as market participants weighed the Fed's cautious stance on interest rate cuts. Meanwhile, the Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants nervous, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy technology and electronics, has further boosted silver's value. Silver prices at the time of this news release +0.7% or are at...