Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Silver prices have rallied back above $30,500 as financial market volatility continues for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs that have raised concerns about the impact on the global economy.As of this writing, Silver is at $30,674 Source: Newsmaker.id
Gold prices are slowly recovering from their fairly sharp decline at the start of the Asian trading session on Monday (7/4).Gold prices fell around 2% to $2,970, this is still supported by profit-taking actions that are very dominant accompanied by the effects of the trade war.Gold bullion, which has repeatedly touched record highs in recent weeks, fell as much as 2.2% to below $3,000 an ounce, while copper fell as much as 7.7% in London, the most in five years. This follows the metal's defeat against oil which saw the Bloomberg Commodity Index plunge 5.8% last week, its worst performance...
Silver prices fell to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump. Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil. Source: Newsmaker.id
Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls. China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures. Source: Newsmaker.id
Silver prices fell to around $31.50 an ounce on Friday (4/4), bringing weekly losses to nearly 8% as global trade and economic concerns sparked a broad sell-off across financial markets. The decline followed US President Donald Trump's announcement of a 10% base tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%) and India (27%). Source: Newsmaker.id