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...
Gold (XAU/USD) prices corrected in European trade after initially hitting a new all-time high of $3,167 in early Asia. Traders took profits, pushing bullion prices to $3,125 at the time of writing on Thursday. The market saw all asset classes absorb the overnight shock statement from United States (US) President Donald Trump, who unveiled his retaliatory tariff plan to the world. Source: Newsmaker.id
Silver prices fell more than 1% to fall below $33.50 an ounce on Thursday (4/3), hitting a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures. Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit. Source: Newsmaker.id
Silver prices hovered around $34 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump's announcement of tit-for-tat tariffs that will take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown. Source: Newsmaker.id
Gold was steady in early European trading on Wednesday (2/4) and remained close to its all-time peak reached the previous day.Meanwhile, Investors remain concerned about US President Donald Trump's aggressive trade policies and their impact on the global economy. In addition, persistent geopolitical tensions have turned out to be a major factor acting as a driver for safe-haven bullion. Source: Newsmaker.id
Silver prices fell to $33.8 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump's announcement of tit-for-tat tariffs set to take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown. Silver was at $33,822 at the time of writing Source: Newsmaker.id