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...
On Friday, November 14, 2025, global silver prices continued to rise and remained near this year's peak, around USD 52-53 per troy ounce. Within a week, silver had surged nearly 10%, making it one of the best weekly performers of 2025 and bringing prices back near last October's record high. This increase was supported by a combination of a weakening US dollar and continued strong investor interest in safe-haven assets following the end of the US government shutdown, which had disrupted economic data releases. Beyond short-term sentiment, silver's bigger story stems from its long-term...
Oil prices are heading for a third week of decline due to concerns about a global supply glut. The IEA has again raised its surplus projection and even predicted a record oversupply next year, as OPEC+ continues to increase production while demand remains sluggish. WTI in December was trading around USD 58.87 per barrel, and Brent in January was around USD 63.01 per barrel. However, this downward pressure has been somewhat offset by the risk of US sanctions against Russian energy giants like Rosneft and Lukoil. Lukoil's trading business has begun downsizing staff, and there are reports that...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could reach 2.7 million barrels per day in 2025, far exceeding demand, which is expected to grow by only around 0.7 million barrels per day. Under these conditions, the forward curve for Brent even indicated contango, indicating that the market is anticipating future oversupply. On the demand side, growth is starting to slow, particularly in major...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially falling, the opportunity cost of holding non-yielding gold becomes lower. Furthermore, demand from central banks and investors as a hedge against geopolitical risks is also driving gold's advantage. However, the downside is also real: a stable or strengthening US dollar and rising bond yields will diminish gold's appeal. If US economic data improves and...
Gold remains strong, driven by expectations of an interest rate cut by the Federal Reserve and uncertainty in the US economy. Although the US government has reopened, investors continue to seek refuge in gold due to the lack of economic data and global concerns. However, if pending US economic data turns out to be positive or the Fed indicates that interest rates will remain high, gold prices could be under pressure. Technically, gold could consolidate before continuing to rise, so it's important to be alert to any policy changes or emerging economic data. At the time of this analysis's...