Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Silver prices were steady on Wednesday, pressured slightly by a stronger dollar and rising Treasury yields. The move came as strong US economic data reduced the chances of further interest rate cuts by the Federal Reserve. Silver, along with other safe-haven assets, also benefited from uncertainty ahead of US President-elect Donald Trump's inauguration on January 20 and confusion over his tariff plans. In addition, silver gained support from hopes that China, the world's top consumer of the metal, would follow through on its promise to increase monetary and fiscal stimulus to boost...
Silver held above $30.10 an ounce on Wednesday, holding near its highest level in more than three weeks despite pressure from the dollar and rising Treasury yields. The move came as strong U.S. economic data reduced the likelihood of further interest rate cuts by the Federal Reserve. Silver, along with other safe-haven assets, also benefited from uncertainty ahead of U.S. President-elect Donald Trump's inauguration on Jan. 20 and uncertainty over his tariff plans. Silver also gained support from hopes that China, the world's top consumer of the metal, will follow through on its promise to...
Silver rebounds after a challenging year-end performance in 2024. There is good reason to suspect that bullion banks deliberately lowered gold and silver prices in late 2024 to "paint the charts" and influence the year-end closing prices. This tactic seems to make sense, given the solid gains in gold and silver over the year—26% and 21%, respectively. As the new year begins, the gold and silver bull markets are poised to regain momentum and potentially surpass last year's performance. As of this writing, the price of Silver is at $ 30,095 Source: Newsmaker.id
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said. With Trump's upcoming inauguration, gold prices have been boosted by risk-averse sentiment, analysts at CITIC Futures wrote in a note. In the coming weeks, investors will be watching Trump's policy announcements, particularly around tariffs, as a key catalyst for gold. As of this writing, Gold Prices are at $ 2,648
Silver prices rose above $30 an ounce in the mid-day U.S. session on Tuesday, hitting a near three-week high despite a stronger U.S. dollar after strong JOLTS Job Openings and ISM Services PMI data. Looking ahead, investors are focused on key U.S. labor market data this week to assess the outlook for Federal Reserve monetary policy, which could influence the direction of the dollar. Silver is also getting support from the positive economic outlook in China, the world's largest silver consumer. Beijing recently pledged to implement "more proactive" macroeconomic policies and lower interest...