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...
Gold fell slightly at the start of the Asian session, catching its breath after breaking a new record high above a key psychological level. Several technical indicators pointed to overbought conditions after consecutive rallies, prompting profit-taking and pushing prices back toward their highs. Its safe-haven appeal eased slightly after signs of progress toward a peace agreement in the Middle East, although global concerns remain significant. Throughout the year, gold's trend remained supported by central bank buying and concerns about US monetary and fiscal policy. The US dollar remained...
December Brent rose 0.8% to $65.96, and November WTI rose 0.9% to $62.27. The API reported a -1.8 million barrel drop in product inventories at Cushing, while national crude inventories are expected to rise but remain near seasonal lows—enough to provide a price floor.In terms of global supply, OPEC+ continues to increase production, and US production is reaching a record; Ukrainian drone attacks on Russian infrastructure are boosting crude oil exports. The risk of oversupply remains, but the market is awaiting evidence of increasing inventories; as long as stocks are limited, the price bias...
Silver broke through $48/oz and approached a 14-year peak as investors sought safe havens amid the US government shutdown, which has entered its second week, delaying data releases and clouding the economic outlook. The market also believes the Fed is likely to cut interest rates by 25 bps this month, with a further cut likely in December—a combination that typically supports precious metals—despite occasional USD strengthening. Fundamentally, physical demand from solar and electronics remains strong, while the global supply deficit is expected to persist into 2025, supporting prices....
Gold prices (XAU/USD) weakened in Tuesday's trading after a strong rally, dragged down by a strengthening US dollar and rising Treasury yields. Risk-off sentiment began to ease as optimism emerged that US government budget negotiations would soon reach a resolution, reducing demand for safe-haven assets. Furthermore, some market participants also began taking profits after gold prices briefly reached a record high above $3,900 per ounce earlier in the week. Nevertheless, the medium-term outlook for gold remains positive. Expectations that the Federal Reserve will cut interest rates soon...
Silver weakened early in the Asian session, hovering near $48.45 after briefly touching a 14-year high. The strengthening US dollar—along with rising US bond yields—made USD-denominated commodities more expensive for overseas buyers, pressuring silver prices. However, global uncertainty and hopes for a Fed interest rate cut have the potential to limit further declines. "Safe haven" sentiment remains strong as the US government shutdown enters its seventh day, with the Senate failing to pass a budget bill, delaying key economic data such as the September employment report. US President...