Silver prices extended their gains for a third session on Monday (5/12). The precious metal was supported by news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at about $2.1 billion, according to Reuters. Meanwhile, geopolitical tensions continued to provide support for silver. India warned Pakistan of potential retaliation for recent ceasefire violations, a claim denied by the Pakistani military. Source: Newsmaker.id
Gold prices continued to decline in early European session on Monday (12/5), pressured by the strengthening US Dollar. This was accompanied by optimism in US-China trade talks in Geneva, Switzerland, over the weekend that dragged the precious metal lower. The US and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said they had reached a "significant consensus".Source: Newsmaker.id(ads)
Silver (XAG/USD) prices continued to decline to trade around $32.20 per troy ounce during European trading hours on Monday (5/12). The precious metal received support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at around $2.1 billion, according to Reuters. Source: Newsmaker.id