Silver prices held its recent advance to around $31 per ounce on Wednesday, hovering at an over one-week high as markets anticipate that the US Federal Reserve will cut interest rates again at its December meeting.
Currently, markets are pricing in a 75% probability of a 25 basis point rate cut this month. Investors are now focused on upcoming US jobs data and remarks from Fed Chair Jerome Powell later this week for more clarity on the Fed's monetary policy path.
Silver and other precious metals also benefited from increased safe-haven demand following South Korea's failed martial law declaration and ongoing violence in the Middle East. Additionally, speculation is mounting that China could announce more stimulus measures during key political meetings this month, which could further boost demand in the world's largest consumer of metals.
Source: Trading Economics
Metals are under pressure Friday, with silver falling more than 5%, the most in six months, after a record-breaking run in recent weeks. The pullback follows a rebound in Treasury yields, supported by...
Silver hovered all-time highs above $54 per ounce on Friday and was poised to gain about 8% for the week, supported by tightening global supply and strong safe-haven demand. Markets were rattled after...
Silver held around $53 per ounce on Thursday, holding close to record highs hit earlier in the week as a global supply crunch fueled a historic rally. Tightness was most acute in the London market, wh...
Silver climbed back above $52 per ounce on Wednesday, holding close to record highs hit in the prior session as a global supply crunch fueled a historic rally. Tightness was most acute in the London m...
Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices cl...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P...
Oil prices posted a slight increase on Friday (October 17th), but were close to a weekly loss of nearly 3% after the International Energy Agency (IEA) forecast a widening oversupply, and U.S. President Donald Trump and Russian President Vladimir...
Gold prices (XAU/USD) fell 2% after hitting a record high of $4,379 on Friday (October 17th), falling below $4,250, triggered by comments by US President Donald Trump that triple-digit tariffs against China were unsustainable. At the time of...
Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting...
US President Donald Trump said he spoke with Russian President Vladimir Putin, a day before meeting with Ukrainian leader Volodymyr Zelenskiy. "This...
Wall Street stocks fell on Thursday (October 16th), losing earlier gains as resurgent credit concerns and ongoing US-China trade tensions weighed on...
European stocks fell as investors digested the latest earnings reports and awaited the outcome of a no-confidence vote in France. Nestlé SA jumped...