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...
Today, silver price movements are driven by the trade-off between gold's strength and global macroeconomic dynamics. Meanwhile, the industrial sector—particularly renewable energy, electronics, and electric vehicles—continues to drive silver demand, with its usage trend expanding. Concerns about inflation, geopolitical tensions, and diversification opportunities also strengthen silver's role as an alternative safe-haven asset. However, silver price volatility remains high, so while upside potential remains, investors need to consider the risk of sudden price movements, which are often more...
Gold prices fell to around $3,338 per ounce on Thursday (August 21st). Gold fell slightly as the US dollar strengthened and yields rose, but the decline was contained ahead of the release of US data and Jerome Powell's speech at Jackson Hole. A "wait-and-see" stance prevented further selling from becoming widespread. Technically, the bias remains bearish as long as intraday resistance remains unbroken. Monitor nearby support: a hawkish tone supports a sell-on-rally scenario, while a dovish tone could potentially trigger short-covering and a rapid rebound. The gold price at the time of...
Silver prices fell in trading on Thursday (August 21st), as the US dollar strengthened following the release of the minutes of the Federal Reserve's July meeting. Investors are also tending to wait and see ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole symposium later this week. The FOMC meeting minutes showed that most central bank officials still view inflation risks as greater than concerns about the labor market. This has limited expectations for aggressive interest rate cuts. However, the CME FedWatch tool still indicates an 82% chance of a 25 basis point rate cut at...
Oil maintained gains after U.S. crude inventories fell by the most since mid-June, leaving inventories well below seasonal averages. Brent crude traded around $67 per barrel after rising 1.6% on Wednesday, while West Texas Intermediate (WTI) hovered near $63. National inventories fell by 6 million barrels last week, according to Energy Information Administration (EIA) data. Gasoline stocks also fell for the fifth straight week. However, oil prices are still down more than 10% year-to-date due to concerns about the impact of U.S. trade policies and as OPEC+ restores previously halted...
Gold prices fell to around $3,340 per ounce on Thursday (August 21st), as investors adjusted their positions ahead of the Federal Reserve's three-day Jackson Hole symposium, which begins today. Market focus is currently on Fed Chairman Jerome Powell's speech, which could provide clues to the Fed's monetary policy stance. Currently, market participants are pricing in an 82% chance of a September interest rate cut. However, the minutes of the latest Fed meeting showed policymakers remain concerned about inflation and the labor market, with most voters believing it is too early to cut...