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 because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Silver prices rose on Thursday (November 6th) as industrial demand from the technology and renewable energy sectors surged, mining supply failed to keep pace, and expectations of a Federal Reserve interest rate cut made non-yielding assets like silver more attractive. (alg) Source: Newsmaker.id
Gold is trading sideways around $3,980/oz, near a four-week low. The ADP data, which added 42,000 jobs, and the ISM Services PMI, which hit an eight-month high, have led the market to lower bets on a Fed rate cut, in line with Powell's hawkish tone and inflation remaining above target. At the same time, global risk appetite has improved, reducing interest in gold as a safe haven. In the short term, prices are likely to remain consolidative while awaiting new signals from Fed officials' comments and subsequent data releases. At the time of this analysis, the gold price was around...
Gold prices held around $3,940 per ounce on Wednesday, holding some of the previous session's decline and nearing their lowest level since early October. Expectations of a US interest rate cut faded after several Fed officials adopted a cautious stance, in line with Powell's hawkish tone last week, who suggested the latest cut could be the last this year. The probability of a December cut is now around 69%, down from 90% before the FOMC decision. Market focus shifts to the ADP private employment report as the official data release is delayed due to the federal government shutdown....
Silver prices were stable during the Asian session, pressured by a strengthening US dollar and global market restrictions. Silver was trading around $47.15 per ounce, with many investors choosing to wait for further economic data before making major decisions. Despite demand from the industrial sector, concerns about a further global market downturn and a strengthening dollar have made it difficult for silver to strengthen.However, silver remains attractive to some investors seeking a safe haven amid geopolitical tensions and economic shutdowns. Some analysts see potential for a rebound in...
Oil prices fell on Tuesday, with Brent crude falling 0.2% to $64.74 per barrel and West Texas Intermediate (WTI) down 0.2% to $60.91 per barrel. This decline followed the OPEC+ decision to temporarily halt production increases in the first quarter of next year, which some investors viewed as a sign of potential oversupply in the market. Although OPEC+ had previously raised its production target by 2.9 million barrels per day since April, they began slowing production increases in October, responding to predictions of a growing oversupply. However, several European energy leaders and U.S....