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 moved sideways during the European session on Friday (October 31st), holding in the high range of around $49 per ounce. The market remained cautious as the dollar remained strong and gold corrected, while Jerome Powell's statement that a December Fed rate cut was unlikely to happen dampened expectations of further easing.Liquidity pressures that triggered a short squeeze earlier in the month eased as rents in London fell, but volatility remained high—buy the dip and sell the rally strategies were dominated until new triggers from US data or US-China trade news. The silver...
Gold prices weakened to around $4,010 an ounce on Friday, poised for a second weekly decline. Pressure stemmed from fading hopes for a Fed rate cut after Jerome Powell asserted that a December rate cut was "not guaranteed," keeping the dollar at a high level and dampening gold buying appetite. Safe-haven sentiment also eased after the US and China reached a one-year trade truce on rare earths, easing supply concerns for the high-tech industry. However, gold remains on track for monthly gains thanks to support from central bank purchases. A World Gold Council report showed central banks...
Silver prices are trading in the $46-$48/oz range with high volatility. The two driving forces remain the same: safe-haven sentiment (global uncertainty + Fed rate cut expectations) and industrial demand (solar/electrification), which maintains buying interest as yields fall. Even if the Fed cuts rates again, the policy tone going forward remains crucial. If Powell sounds less dovish in December, the dollar could strengthen briefly and pressure silver; conversely, signals of further easing tend to support silver. On the physical side, the market is still weighing tight London spot supply...
Gold prices moved cautiously at the start of the Asian session; spot gold was around $3,944,000/oz at the time of writing. Pressure stemmed from comments by Jerome Powell, who emphasized that a December interest rate cut was not a certainty, prompting market participants to reduce bets on further easing. This statement also boosted the dollar and Treasury yields, thus dampening interest in non-coupon gold.Meanwhile, the Fed's decision to cut interest rates by 25 bps and end its balance sheet contraction on December 1st continued to increase liquidity and lower short-term real interest...
Brent oil fell again on Wednesday (October 29th) as the market monitored that supply was still too much for demand. Investors began to doubt that new US and European sanctions on major Russian oil companies would actually cut supply, as Russia can usually still re-channel exports to other countries. At the same time, OPEC+ was discussing plans to increase production again after slowly opening the tap in recent months. So the market took a simple signal: supply could increase, the risk of supply disruptions might not be as severe as feared, and global demand hasn't yet exploded. As a result,...