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 (XAG/USD) continued their positive streak for the second day, trading around $31.32 per troy ounce during the Asian session on Tuesday (11/19). Dollar-denominated silver prices recovered from a two-month low as the USD halted its recent rally. The rally was driven by expectations of fewer Federal Reserve (Fed) interest rate cuts and optimism about better US economic performance under the incoming Trump administration. Source: newsmaker.id
Gold traded higher, hitting a daily high of $2625 in Asia amid continued prospects for a Fed rate cut. Central bank speakers have played down concerns about an end to monetary easing, ANZ Research analysts wrote in a note. They cited remarks from Chicago Fed President Austin Goolsbee who said interest rates would be significantly lower over the next 12-18 months, as long as inflation continues to fall towards the central bank's 2% target. In addition, geopolitical factors between Russia and Ukraine also boosted the yellow metal. Gold prices at the time of this news release were +0.5% at...
Gold rise around 1.8% on macroeconomic concerns. Economic uncertainty, the threat of intensified trade wars under a Trump administration and the potential escalation of conflicts in Ukraine and the Middle East are likely boosting gold's appeal as a safe-haven. There is growing scepticism over Trump's claims he could end the wars quickly, and escalating tensions further complicates the scene, gold may face short-term pressure. The acceleration of inflation in the U.S. after Trump's victory and cautious statements from the Federal Reserve have diminished expectations of an interest rate cut...
Silver prices inched higher on Monday, recovering from last week's steep sell-off as the U.S. dollar's rally paused. The market remains range-bound, with traders analyzing critical levels and upcoming macroeconomic developments to gauge the next move. Silver's significant losses last week were largely tied to a stronger dollar, fueled by reduced expectations for aggressive Federal Reserve rate cuts. The dollar index gained 1.6% but has now stabilized below its one-year high. This pause has eased some of the pressure on silver prices, as a weaker dollar makes the metal more accessible to...
The price of gold shifted to the $ 2600 area tonight, after having declined steep to the level of $ 2523 after the US presidential election.Goldman Sachs Group Inc. Reaffirming the estimated price will rise to $ 3,000 per ounce at the end of next year, with analysts advising investors to "find gold." The bank includes speculation in gold bars among its top commodity choices for 2025 related to the trimming of the Fed's interest rates, the central bank continues to buy precious metals and Trump holds the position of the President. Source: Newsmaker.id