Silver price slides over 2% to near $35.85 during European trading hours on Friday. The white metal faces a sharp selling pressure due to improvement in trade relations between the United States (US) and China and no signs of Israel-Iran truce violation.
During the European trading session, a spokesperson from the Chinese Ministry of Commerce confirmed that Beijing has agreed to expedite exports to rare earths to the US, while Washington will revoke non-tariff barriers.
Meanwhile, an increase in Federal Reserve (Fed) dovish bets due to tensions between Donald Trump and Chair Jerome Powell regarding the monetary policy stance has failed to offer support to the Silver price. Fed dovish bets escalate as investors expect Trump's preferred Powell's successor will support his economic agenda.
Silver price when this news was released -198% or traded at $35.88/ Tozz.
Source: Newsmaker.id
Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivi...
Gold prices held above $4,100/oz on Tuesday (November 11) during the Asian session. This was supported by increasing expectations of a Fed interest rate cut following a series of weak US economic data...
Silver prices rose as risk sentiment improved in the market after signs emerged that the US government shutdown was nearing an end. These hopes pushed the US dollar slightly lower and increased intere...
Gold prices rose to $4,050 per ounce on Monday (November 10), driven by increased demand for safe-haven assets amid political uncertainty in the US. Investors are still awaiting a final agreement to e...
Silver prices rose on Friday (November 7th) due to a combination of two main factors: strong industrial demand, particularly from the technology and renewable energy sectors, and a worsening supply de...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could end the longest US government shutdown in history. With more than 1,000 flights canceled on...
Gold shed gains as traders weighed the prospect of an end to the US government shutdown and weak jobs data. The record-breaking 42-day government shutdown is set to end soon after the Senate passed a stopgap funding measure supported by eight...
Crude oil prices rose as signs of a weakening crude market were offset by soaring premiums for fuels like gasoline and diesel. West Texas Intermediate crude rose as much as 1.5% to $61 a barrel, posting a third straight day of gains. In addition...
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Global stock markets rallied at the start of the week amid growing optimism that the US government shutdown will soon end. S&P 500 futures rose...
China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of...