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) strengthened after dropping about 2% in the previous session, trading around $37.80 per troy ounce during European trading hours on Tuesday (August 12th). Silver attracted buyers after US President Donald Trump announced on Monday evening that he would delay the implementation of massive tariffs on China for an additional 90 days. The decision came just hours before the previous agreement between the world's two largest economies was scheduled to expire. Source: Newsmaker.id
Gold prices (XAU/USD) maintained their moderate intraday gains throughout the first half of the European session on Tuesday, albeit with less optimism as traders awaited the release of US consumer inflation figures. This important data will play a key role in influencing expectations regarding the Federal Reserve's (Fed) interest rate cut path, which in turn will boost the US Dollar (USD) and provide a significant boost to the non-yielding yellow metal. Source: Newsmaker.id
Silver prices rose slightly on Tuesday morning (August 12th) to around US$37.80 per ounce, up around 0.4% compared to the previous close. This increase occurred after a correction of more than 1.9% yesterday due to the strengthening US dollar and market uncertainty regarding precious metals tariff policies. Despite short-term pressures, the long-term outlook for silver is considered positive. HSBC even raised its projection for the average silver price in 2025 to US$35.14 per ounce, driven by rising gold prices, demand for safe-haven assets, and an estimated global supply deficit of 206...
Oil prices rose slightly on Monday in the American session (August 11) ahead of the Trump-Putin meeting in Alaska to discuss the Ukraine war, with the threat of tighter sanctions if peace fails. Brent prices are currently trading at $66.94 per barrel. However, gains are being held back by abundant supply, including new production in Guyana, high supplies from South America, and UBS's projection of cutting its year-end Brent target to $62 per barrel. Sentiment is also being weighed down by weak Indian demand, a potential pause in OPEC+ production increases, US import tariffs that could slow...
Silver prices fell to $37,845 on Monday afternoon, pressured by easing geopolitical tensions after US President Donald Trump announced a meeting with Russian President Putin this week. The easing of global risks has reduced interest in safe-haven assets like silver. However, expectations of a Fed interest rate cut remain supportive of the market. Weak US employment data increased the likelihood of a rate cut in September. Focus now turns to the release of US inflation data on Tuesday, which could trigger further silver movement. At the time of writing, silver was down 1.33% at...