Silver price (XAG/USD) falls to near $29.60 in a thin trading volume session following holidays on Christmas and Boxing Day on Friday. The white metal is under pressure even though tensions in the Middle East region between Israel and Iran have escalated.
On Thursday, Israel launched missiles at the Iran-backed Houthis military and bombed Yemini airport. After the air assault, Israeli Prime Minister Benjamin Netanyahu said in an interview with an Israeli TV station of the Houthis, "We are just getting started with them". Israel retaliated to last week's air assault by Iran.
Historically, heightened geopolitical tensions improve the demand for safe-haven assets, such as Silver.
Meanwhile, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, oscillates in a tight range above the key support of 108.00. 10-year US Treasury yields rise to near 4.61%. Higher yields on interest-bearing assets elevate the opportunity cost of non-yielding assets, making them an expensive bet for investors.
US bond yields remain firm on expectations that the Federal Reserve (Fed) will deliver fewer interest rate cuts in 2025. The Fed is expected to slow down the policy-easing cycle amid confidence in the United States (US) economic outlook.(Cay) Newsmaker23
Source: Fxstreet
Silver (XAG/USD) weakened on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidated below the psychological $49 level. The precious met...
Silver slipped to around $48.6 per ounce on Friday and was on track to lose over 6% for the week, as profit-taking swept through the market amid concerns that the metal may have entered overvalued ter...
Silver climbed above $49 per ounce on Thursday, recouping some losses from earlier in the week as mounting global trade and geopolitical tensions boosted demand for safe-haven assets. Reports indicat...
Silver rose above $49 per ounce on Wednesday, recouping some losses after tumbling around 7% in the previous session as a wave of profit-taking gripped the market following this year's strong rally. ...
Silver dropped more than 5% below $50 per ounce on Tuesday, retreating further from record highs reached last week, as investors locked in profits following a sharp rally driven by macroeconomic and p...
Three major US indexes closed at new record highs after a lower-than-expected inflation report raised the possibility of a Federal Reserve interest rate cut later this year and prompted investors to shift to riskier assets. The S&P 500 rose...
Oil prices fell on Friday (October 24th) as skepticism crept into the market regarding the Trump administration's commitment to sanctions against Russia's two largest oil companies related to the war in Ukraine. Brent crude futures closed 5 cents,...
Gold prices pared losses on Friday (October 24) after slightly lower-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the precious metal is still expected to post its first...
Following the final October meeting (October 28–29, 2025), the FOMC calendar still lists December 9–10, 2025. This means the Fed could technically...
Asia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China's President Xi Jinping were set to hold...
US stocks rebounded, with the three major indexes closing near record highs on Thursday (October 23rd). The S&P 500 rose 0.6%, the Dow Jones...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data...