Silver prices rose slightly on Tuesday morning (August 12th) to around US$37.80 per ounce, up around 0.4% compared to the previous close. This increase occurred after a correction of more than 1.9% yesterday due to the strengthening US dollar and market uncertainty regarding precious metals tariff policies. Despite short-term pressures, the long-term outlook for silver is considered positive. HSBC even raised its projection for the average silver price in 2025 to US$35.14 per ounce, driven by rising gold prices, demand for safe-haven assets, and an estimated global supply deficit of 206...
Gold prices (XAU/USD) maintained their moderate intraday gains throughout the first half of the European session on Tuesday, albeit with less optimism as traders awaited the release of US consumer inflation figures. This important data will play a key role in influencing expectations regarding the Federal Reserve's (Fed) interest rate cut path, which in turn will boost the US Dollar (USD) and provide a significant boost to the non-yielding yellow metal. Source: Newsmaker.id
Silver prices (XAG/USD) strengthened after dropping about 2% in the previous session, trading around $37.80 per troy ounce during European trading hours on Tuesday (August 12th). Silver attracted buyers after US President Donald Trump announced on Monday evening that he would delay the implementation of massive tariffs on China for an additional 90 days. The decision came just hours before the previous agreement between the world's two largest economies was scheduled to expire. Source: Newsmaker.id