Silver strengthened to around $41.90 due to the impact of the Fed's interest rate cut. Lower interest rates lower the opportunity cost of holding silver, making it more attractive. Sentiment is also supported by global demand-particularly for solar panels (photovoltaics), which are largely driven by China-as well as purchases of silver ETFs by Saudi Arabian sovereign wealth funds and the prospect of a weakening US dollar.
However, silver's gains could be restrained if the appetite for safe havens wanes. Easing geopolitical tensions, such as hopes for progress in the Russia-Ukraine dialogue mentioned by US President Donald Trump and UK Prime Minister Keir Starmer, could potentially make investors more willing to take risks in other assets, potentially reducing demand for silver as a hedge.
At the time of this analysis's release, the price of silver was at $42,193.
Disclaimer:
This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Gold is currently correcting after initially surging following the Fed's 25 bps interest rate cut. Jerome Powell's "meeting-by-meeting" and less dovish statements have raised market doubts about the p...
Gold corrected after hitting a record $3,707/oz: The Fed's 25 bps cut is already priced in, Powell's tone is cautious, the USD strengthens, the bullish impulse subsides, and profit-taking takes hold. ...
Silver prices are rising again, as the US dollar rally begins to lose steam amid calmer risk sentiment.At the time of this analysis, silver prices were at $41,858 Source: Newsmaker.id...
Gold prices held around $3,650 per ounce on Thursday after falling in the previous session. The US dollar strengthened as the Fed cut interest rates by 25 bps as expected, but Chairman Jerome Powell e...
Gold prices (XAU/USD) have calmed after rallying to a record near $3,703 on Tuesday. On Wednesday evening, gold briefly fell to an intraday low of around $3,660 before stabilizing around $3,682. Profi...
The STOXX 50 and STOXX 600 hovered near the flatline on Friday as investors digested a week filled with monetary policy decisions. The Bank of Japan left interest rates unchanged as expected but surprised markets by announcing plans to begin...
Japanese shares fell on Friday after the BOJ kept short-term rates at 0.5% but revealed two dissenting votes for a hike and moved to sell its ETF and REIT holdings. The Nikkei 225 fell 0.58%, or 264.26 points, to end at 45,039.17. The BOJ will...
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, extending its losses for the third successive session. The AUD/USD pair remains subdued as the US Dollar gains support after the release of the United States (US) Weekly...
President Donald Trump said on Tuesday that the US and China have reached a deal on TikTok. The deal will transfer the assets of the ByteDance-owned...
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP),...
Bank Indonesia unexpectedly cut its benchmark interest rate by 25 bps to 4.75% at its September 2025 policy meeting, marking the third consecutive...
European stocks traded in a muted fashion Tuesday, awaiting news from the Federal Reserve policy meeting while digesting key regional economic...