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 held below $38 an ounce on Friday after falling more than 1% in the previous session, as hotter-than-expected US producer inflation dampened hopes for a significant Federal Reserve interest rate cut in September. Weekly jobless claims also came in at 224,000, below the 228,000 forecast, indicating some labor market resilience. The market still rates more than a 90% chance of a 25 basis point cut next month, but the chances of a larger 50 bps move have been erased. Source: Newsmaker.id
Gold prices held steady on Friday (August 15th), continuing the previous session's decline and on track for their worst week since late June. Sentiment was weighed down after a series of stronger-than-expected US data eroded hopes of a significant Fed interest rate cut, causing the dollar and US bond yields to strengthen and dampen interest in non-yielding assets like gold. Pressure intensified after the US PPI rose at its fastest pace in three years in July, well above consensus, indicating that companies were beginning to pass on tariff-induced import cost increases to final...
The oil market is currently facing strong bearish fundamental pressure. The IEA estimates that global supply will increase rapidly—around 2.5 million barrels per day in 2025—while demand growth continues to weaken, reaching only around 680,000 bpd, due to weak consumption in developed countries, as well as China, India, and Brazil. OPEC+ responded by ending its production cuts and instead increasing output, exacerbating the global surplus. Recent data shows that US shale oil producers are reducing investment and even decommissioning rigs as oil prices fall below breakeven. Other analysis...
Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Brent crude oil prices rose to around $65.8 per barrel on Thursday, halting a two-day decline that was fueled by expectations ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin. Trump warned late Wednesday that Russia would face "very severe sanctions" if Putin refused to end the war in Ukraine. While he did not specify the steps he would take, he had previously threatened economic sanctions, including on Russian oil, if Friday's meeting in Alaska ended in failure. However, the gains were limited, with prices remaining near a more than two-month low...