Silver prices surged above $33.50 per ounce on Thursday, advancing for a fourth consecutive session as mounting concerns over the US fiscal outlook weighed on the dollar and boosted demand for safe-haven assets.
Investor sentiment deteriorated after President Donald Trump's proposed tax bill was projected to add over $3 trillion to the already substantial US debt load, raising fears of financial instability.
A weak 20-year Treasury bond auction further fueled expectations that investors are rotating out of US assets, adding momentum to precious metals. In addition to safe-haven buying, industrial demand for silver remains robust particularly from the solar energy sector.
Recent data showed China's wind and solar capacity surged to nearly 1,500 GW in the first quarter of 2025, driven by a 60 GW increase in photovoltaic installations. Meanwhile, solar power output in Europe jumped 30% YoY during the same period, reinforcing the bullish case for silver.
Source: Trading Economi
Silver prices (XAG/USD) reversed their decline on Wednesday (January 7th) after three sessions of surges. Silver fell around 2.5% to around US$79.27 per troy ounce in the latest trading session, marki...
The silver market remains firmly focused on the fundamentals that support today's high prices. Despite some corrections in recent days, the underlying structure of the silver market remains tight due ...
Silver rose to around $79 per ounce on Tuesday, marking a third consecutive session of gains and moving toward record levels. The US attack on Venezuela and the capture of President Nicolas Maduro add...
Silver prices strengthened today, January 2, 2026, as investor interest increased at the start of the year. Market sentiment was driven by persistently high global uncertainty, leading silver to regai...
Silver prices traded steadily on Wednesday, December 31, 2025, as the year draws to a close. Price movements tended to be limited as many investors opted to hold off amid low liquidity and a relativel...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...