Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Silver prices had increased to $31 in today's Asian trading session (9/12) This was driven by geopolitical tensions in the second week of December which also supported the strengthening of silver prices. Starting from the collapse of the French government, the failed military emergency efforts in South Korea (South Korea), tensions in the Middle East which were compounded by the control of Syria by rebels, to the Russia-Ukraine conflict. Meanwhile, the market currently estimates a 75% chance that the Fed will lower interest rates by 25 basis points at its meeting in December, up from 59% a...
Gold rose on Monday after China's central bank added bullion to its reserves in November, ending a six-month pause in a buying binge that had provided a major pillar of support for the precious metal. Bullion rose as much as 0.6% to trade just below $2,635 an ounce, after the People's Bank of China said Saturday it bought 160,000 troy ounces last month. The addition was the first since April, before the central bank halted purchases for 18 months that had helped prop up prices amid strong interest from global public institutions. Source: newsmaker.id
Silver prices held steady above $31 an ounce on Friday (6/12), nearing a one-month high as traders speculated that the US Federal Reserve would cut interest rates again this month. In addition, silver also benefited from increased demand for safe havens amid political turmoil in France and South Korea, as well as ongoing conflicts in Eastern Europe and the Middle East. Source: newsmaker.id
Gold continued its decline on Friday (12/6), ahead of a key US jobs report that could influence the Federal Reserve's interest rate policy. The precious metal fell 0.7% on Thursday, its biggest decline since Nov. 25. The metal has been trading in a narrow range since early last week.
Silver prices eased in mid-U.S. trading on Thursday, but remained above $31 an ounce as traders bet the U.S. Federal Reserve will cut interest rates again this month. The probability of a 25-basis-point rate cut in December jumped to about 79%, up from 66.5% last week. The expectations grew after data showed U.S. service sector growth slowed more than anticipated in November, even as Fed Chair Jerome Powell signaled the central bank was in no rush to cut rates, citing strong growth, a robust labor market and persistent inflation pressures. Source: newsmaker.id