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 (XAG/USD) continued its upward movement around $30.70 during Friday's European session. The upward momentum was largely driven by rising geopolitical concerns. Russian President Vladimir Putin's recent warning of a potential nuclear-capable missile strike on Ukraine, following a large-scale attack on Ukrainian energy infrastructure, has fueled market uncertainty. Meanwhile, the Middle East has seen some stabilization with the ceasefire between Israel and Hezbollah remaining stable. The ceasefire, facilitated by diplomatic efforts from the US and France, has allowed residents to...
Gold rose in European trading on Friday as the dollar weakened and geopolitical concerns continued to mount. The precious metal gained on safe-haven demand amid the escalating Russia-Ukraine conflict. However, prices continued to be weighed down by the dollar's continued strength. The metal is down 3.5% in a month. Donald Trump's victory in the U.S. presidential election in early November sparked a selloff as investors took profits and liquidated hedged positions. Source: newsmaker.id
Silver (XAG/USD) recovered from intraday losses and rose to nearly $30.63 in the Asian session on Friday (11/29) after hitting a fresh 11-week low around $29.65. The white metal gained ground as a fresh escalation in the war between Russia and Ukraine has boosted its safe-haven demand. Tensions between Ukraine and Russia escalated after Russia launched Intermediate-Range Ballistic Missiles (IRBMs) against 17 targets in Ukraine including military facilities and their support systems in response to their attack deep inside Russia via the United States (US) ATACMS missiles last week.
Gold was steady amid thin trading due to the US Thanksgiving holiday, with investors weighing the prospect of a Federal Reserve interest rate cut and rising tensions in Ukraine. Bullion traded near $2,640 an ounce on Friday and fell about 3% for the week after a ceasefire between Israel and Hezbollah reduced some demand for the safe-haven asset. Swap markets are pricing in a more than 60% chance the Fed will cut borrowing costs again next month.
Silver prices (XAG/USD) continued their losses for the second straight day, trading around $30.00 per troy ounce during European trading hours on Thursday. The recent ceasefire between Israel and Hezbollah has eased regional tensions, lowering market fears and reducing the demand for Silver. While some uncertainties persist due to ongoing military actions in Gaza, the geopolitical risks appear less acute. Source: newsmaker.id