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 prices held steady above $30 an ounce on Thursday, still near a three-week high as investors digested the Fed's cautious stance on interest rate cuts and awaited key jobs data due on Friday. The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics technologies, has further boosted its value. Source: Newsmaker.id
Gold held above $2,660 an ounce on Thursday after hitting its highest in a month, holding onto recent gains as investors continued to assess the outlook for Fed monetary policy ahead of key U.S. jobs data. The latest FOMC minutes indicated inflation is likely to ease this year, but policymakers noted the risk of persistent price pressures, in part due to Trump's policies. The central bank also signaled that it may be nearing a point where it could slow the pace of policy easing, denting the appeal of the non-yielding metal. Source: Newsmaker.id
Silver (XAG/USD) prices continued their uptrend on Thursday (1/9), continuing their rally that began in early January 2025. The white metal was trading around $30.40 per troy ounce during European trading hours this evening. While uncertainty surrounding inflation and proposed tariffs under President-elect Trump's administration has kept market participants on edge, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in the latest energy technology and electronics. Silver price at the time of this...
Gold prices (XAU/USD) remained in the $2,660 area on Thursday (9/1) and approached a four-week high reached the previous day. Cautious market sentiment, geopolitical risks, and concerns about US President-elect Donald Trump's tariff plans turned out to be the main factors supporting the safe-haven commodity. Furthermore, the move to safe assets triggered a modest decline in US Treasury bond yields and drove some flows towards the precious metal for the third straight day. Source: Newsmaker.id
Silver prices are holding in positive territory near their highest level in three weeks as investors absorb the Fed's cautious stance on interest rate cuts.The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants on edge, strengthening demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy and electronics technologies, has further boosted its value.Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated...