Silver (XAG/USD) price attracted some buyers around $36.35 during the early European session on Thursday (6/26), supported by a weaker US Dollar (USD). Traders will take more cues from the final US Q1 GDP Growth Rate and Fed speeches due later on Thursday.
The greenback faced some selling pressure amid concerns about the future independence of the US Federal Reserve (Fed). This, in turn, provided some support to the USD-denominated commodity, as a weaker USD makes Silver cheaper for foreign buyers. US President Donald Trump said that he will pick a replacement for Fed Chair Jerome Powell in September or October.
Furthermore, rising demand for industrial purposes may contribute to the silver price rally. According to the Silver Institute, global silver demand is expected to hit a new record in 2025, led by industrial use in photovoltaics and electronics, as well as a recovery in silver jewelry and silverware.
Markets have priced in a rate cut at the Fed's next meeting in July to 25%, up from just 12% a week ago, and are pricing in a 64 basis point (bps) cut by the end of the year, up from around 46 bps last week, according to Reuters. Traders will take more cues from US GDP data due later on Thursday. Any surprise upside in the economic data could lift the US Dollar and weaken Silver prices in the near term. (alg)
Source: FXstreet
Silver fell below $48 per ounce on Tuesday, sliding for the third straight session, as investors weighed the outlook for Federal Reserve policy while assessing the impact of easing US-China trade tens...
Silver (XAG/USD) weakened on Tuesday to around $47.70 per ounce, down 1.10% on the day, after attempting to extend its recent rally beyond $49.50. Selling pressure increased as the US dollar (USD) str...
Silver prices stabilized around $48.8 per ounce on Monday (November 3rd) after experiencing high volatility last week. Investors are now focused on the Federal Reserve's policy outlook after the Fed c...
Silver climbed above $49 per ounce on Friday and was poised to finish the week slightly higher as rising market volatility lifted demand for safe-haven assets. Global stocks experienced sharp swings t...
Silver prices on October 30, 2025, showed stable movement despite market uncertainty. After several days of pressure, silver managed to recover slightly, moving around $23.50 per ounce this morning. T...
Employment at US companies rose in October, signaling stabilization in the labor market after two straight months of declines. Private-sector jobs increased by 42,000 after a revised 29,000 decline in the previous month, according to ADP Research...
American consumers struggling to access food assistance payments due to the government shutdown are unable to fill their shopping carts, and that's "hurtful," according to the company behind Stop & Shop and Food Lion grocery stores. The US...
Gold prices rose more than 1% on Wednesday (November 5), with a slight weakening of the US dollar and widespread risk-off sentiment boosting demand. Spot gold rose 0.8% to $3,966.54 per ounce as of 10:44 GMT. US gold futures for December delivery...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...