Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Silver prices fell to around $31.60 an ounce on Wednesday, marking a fourth straight decline amid strong demand and supply uncertainty. Profit-taking also weighed on silver prices, although the metal is still up about 10% this year. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces per ounce, the second-highest production level in its 134-year history. On the demand side, purchases of U.S. silver coins fell 27% year-on-year in January to $3.50 an ounce per ounce, the lowest January demand since 2018....
US gold futures rose 0.4% to $2,917. After hitting a one-week low in the previous session, as rising uncertainty stemming from US President Donald Trump's tariff plans dampened risk appetite and boosted demand for bullion as a safe-haven asset. Trump's tariff concerns, which have led to a somewhat sluggish state of confidence in the US economy from a consumer mindset, have supported gold, said Kelvin Wong, senior market analyst, Asia Pacific, at OANDA. Until this news was released, the price of Gold was at $ 2,917 Note: This article is only an analysis and not a definitive reference....
Silver prices plunged more than 1.80% on Wednesday, which saw the grey metal hit an intraday peak of $32.48, before dipping below the $32.00 mark as risk aversion and traders booked profits amid uncertainty over US trade policyAs of this writing, Silver is at $31,775 Source: Newsmaker.id
Gold prices (XAU/USD) recovered after hitting a one-week low in the previous session. The ongoing uncertainty and fears of instability around US President Donald Trump's tariff plans provided some support to the yellow metal, a traditional safe-haven asset.As of this writing, Gold prices are at $2,919 Source: Newsmakr.id
Silver (XAG/USD) prices fell on Tuesday (25/2). The white metal weakened despite US President Donald Trump confirming that his plan to impose 25% tariffs on Canada and Mexico on March 4, which was delayed for a month, is still on track. Source: Newsmaker.id