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 extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions. The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%. Source: Newsmaker.id
Gold held steady on Wednesday, staying close to a record, supported by a weaker U.S. dollar and safe-haven demand amid U.S. tariffs. Trump's 25% levies on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese tariffs to 20%, escalating trade tensions and prompting retaliation. However, U.S. Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico. Source: Newsmaker.id
Silver rose on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy. Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports. Source: Newsmaker.id
Gold prices rose amid a weaker US Dollar (USD) as the trade war between the United States (US), Canada, Mexico, and China escalated with new tariffs coming into effect on Tuesday (05/03). Therefore, the decline in the USD supported the precious metal. XAU/USD was trading at $2,918, up 0.62%. Market sentiment remained gloomy after 25% tariffs on Canada and Mexico and an additional 10% duty on China came into effect around midnight. Source: Newsmaker.id
Silver rose above $31 an ounce on Tuesday (04/03) after US President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect on Tuesday, along with an additional 10% duty on Chinese shipments, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on US imports. Meanwhile, ongoing supply and demand uncertainties continue to weigh on sentiment. Source: Newsmaker.id