Silver prices (XAG/USD) strengthened in European trading (August 26th), rebounding from the previous session's decline. This strengthening was largely driven by political uncertainty in the US, following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. This move sparked concerns about the Fed's independence and the direction of monetary policy, prompting investors to seek safe-haven assets like silver.
Beyond political factors, industrial demand for silver remains solid, particularly from the renewable energy sector. Recent data shows that Chinese solar cell exports surged more than 70% in the first half of this year, primarily to meet demand from India. The combination of monetary uncertainty and strong industrial demand has created short-term positive sentiment for this precious metal, although price volatility remains high.
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...
Silver prices (XAG/USD) have risen for three consecutive sessions and are hovering around $50.90/oz in Asia this morning. This "non-interest-bearing" metal is gaining traction as US economic uncertainty heightens expectations of a Fed interest rate...
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 conductivity. Meanwhile, silver supply remains limited...
The US dollar strengthened slightly for the first time in a week. The trigger: the high probability that the US shutdown will end soon, so the market is hoping for economic data releases (such as NFP, CPI, etc.) to resume. The Bloomberg Dollar Spot...
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate...
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...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...