Silver prices plunged more than 1.80% on Wednesday, which saw the grey metal hit an intraday peak of $32.48, before dipping below the $32.00 mark as risk aversion and traders booked profits amid uncertainty over US trade policyAs of this writing, Silver is at $31,775 Source: Newsmaker.id
US gold futures rose 0.4% to $2,917. After hitting a one-week low in the previous session, as rising uncertainty stemming from US President Donald Trump's tariff plans dampened risk appetite and boosted demand for bullion as a safe-haven asset. Trump's tariff concerns, which have led to a somewhat sluggish state of confidence in the US economy from a consumer mindset, have supported gold, said Kelvin Wong, senior market analyst, Asia Pacific, at OANDA. Until this news was released, the price of Gold was at $ 2,917 Note: This article is only an analysis and not a definitive reference....
Silver prices fell to around $31.60 an ounce on Wednesday, marking a fourth straight decline amid strong demand and supply uncertainty. Profit-taking also weighed on silver prices, although the metal is still up about 10% this year. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces per ounce, the second-highest production level in its 134-year history. On the demand side, purchases of U.S. silver coins fell 27% year-on-year in January to $3.50 an ounce per ounce, the lowest January demand since 2018....