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 broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy likely added 911,000 fewer jobs in the 12 months to March, or about 76,000 fewer per month, confirming weaker labor market conditions than previously estimated. Combined with last week's weak August jobs report, this data reinforces expectations for a 25 basis point Fed rate cut next week, although some investors are speculating on a larger 50 basis...
World oil prices rose again in Asian trading on Wednesday (September 10th) after an Israeli attack on Hamas leaders in Doha, Qatar, sparked concerns about escalating tensions in the Middle East. This attack pushed oil prices up by 2% on Tuesday before correcting, but then stabilizing as the market assessed the potential for further conflict. Israel claimed to have targeted a Hamas team, but the group said the attempt failed despite five casualties. This situation adds uncertainty to peace talks, while the market worries that further military action could destabilize the region, which is...
Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was revised down significantly, to 911,000 jobs, further strengthening the case for an interest rate cut by the Federal Reserve. The market now awaits the release of US producer and consumer inflation data on Wednesday and Thursday, which are expected to determine the direction of the Fed's monetary policy at its meeting next week. In addition to economic...
Silver prices held around $41.2 per ounce on Tuesday, near their highest level since 2011. This increase was supported by expectations of a Federal Reserve interest rate cut, which boosted demand for the precious metal. Investors are now awaiting the revised annual US employment data. If realized, this could signal the Fed to delay its full employment target and strengthen the case for an interest rate cut. Market focus is also on the release of two key inflation data this week: the August Producer Price Index (PPI) on Wednesday and the Consumer Price Index (CPI) on Thursday. Silver...
Brent oil prices rose in trading on Tuesday (September 9). This increase was supported by market expectations that global energy demand remains solid amid signs of slowing production from several major producing countries. Investors are also monitoring supply developments from OPEC+ and US economic data due this week, including inflation and employment data, which could influence the direction of the Fed's policy and market risk appetite. This movement added to positive sentiment for energy commodities after prices were depressed last week by concerns about a weakening global...