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...
Gold prices fell on Friday (August 8th). Traders digested the latest tariff headlines as the precious metal headed for its second consecutive weekly gain. However, the decline in gold prices appears to be temporary. The latest gold price decline was largely driven by profit-taking as traders capitalized on the surge in gold futures prices to new record highs. Source: Newsmaker.id(alg)
Silver prices continue to strengthen, reaching their highest level since 2011. This surge is driven by strong industrial demand, particularly from the renewable energy, electric vehicle, and technology sectors, while global supply remains constrained. Silver is also considered undervalued compared to gold, making it attractive to investors seeking alternative assets. Technically, long-term patterns such as the cup-and-handle indicate the potential for a major breakout. Coupled with a five-year supply deficit, analysts predict a 15–20% price increase over the next 1–2 years. At the time of...
Gold prices (XAU/USD) rose to a weekly high early in the European session on Thursday as renewed trade concerns boosted demand for traditional safe-haven assets. Furthermore, growing acceptance that the US Federal Reserve (The Fed) will continue its interest rate cut cycle in September proved to be another factor driving capital flows toward the non-yielding yellow metal and contributing to the positive movement. Meanwhile, dovish Fed expectations pushed the US Dollar (USD) to a nearly two-week low in the last hour, providing additional support for gold prices. Source: Newsmaker.id
Silver prices rose to $38.05 on Thursday (August 7), marking a fifth consecutive day of gains. This increase was supported by a weakening US dollar and market concerns over President Trump's planned additional tariffs on China and Japan. Risk-off sentiment drove investors into safe-haven assets like silver. Expectations for a Fed interest rate cut were also a key driver. Weak US employment data strengthened the chances of policy easing, supporting precious metal prices. The market now awaits jobless claims data for short-term direction. At the time of writing, silver was up 0.68% at...
Gold strengthened on Thursday (August 7), driven by renewed safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, escalating trade tensions. Adding support to gold, the dollar index hovered near a more than one-week low after surprisingly weak US employment data last week fueled speculation of a US interest rate cut in September. A weaker dollar makes gold cheaper for holders of other currencies. Source: Newsmaker.id