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 (XAG/USD) prices moved higher to around $32.60 during Asian trading hours on Monday (24/2). A weaker US Dollar (USD) provided some support to the USD-denominated commodity prices. Meanwhile, uncertainty and concerns over US President Donald Trump's tariff plans could increase inflows of safe-haven assets, contributing to the rise in silver prices. In addition, the market will focus on the release of the US Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred measure of inflation, on Friday this week. Silver prices when this news was released were at...
Gold Holds Near Record High as Weak U.S. Data Sparks Higher Valuable Asset Buying Gold is trading slightly below last week's record high as unexpectedly weak economic data and rising inflation expectations helped boost demand for higher valuable assets. Gold is trading at $2,937 an ounce, after posting its eighth weekly gain, its longest winning streak since 2020. The rally was supported by a sharp increase in demand for bullion-backed exchange-traded funds, with holdings last week jumping the most since 2022. As of this writing, gold is at $2,937 Source: Newsmaker.id
Silver (XAG/USD) prices faced pressure during North American trading hours on Friday (21/2). The white metal fell as the US Dollar (USD) strengthened, with Federal Reserve (Fed) officials continuing to direct a tight monetary policy stance. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rose near 106.75. Source: Newsmaker.id
Gold bullion fell slightly on Friday (21/2) but is still up more than 1% for the week, with trading marked by a sharp increase in holdings in bullion-backed exchange-traded funds. An eighth weekly gain would be the longest winning streak since 2020. Source: Newsmaker.id
Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in...