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...
Silver prices weakened on Wednesday (August 27th), as the US dollar strengthened slightly after being pressured by concerns about the independence of the Federal Reserve. President Donald Trump's attempt to dismiss Fed Chair Lisa Cook triggered an influx of funds into safe-haven assets, including precious metals. However, the recovery of the dollar index above 98 again put pressure on silver and other precious metals. Source: Newsmaker.id
Gold prices (XAU/USD) fell in the Asian session on Wednesday, after touching a two-week high of around $3,395. Pressure came primarily from profit-taking and a moderate strengthening of the US dollar, causing the price to correct from its peak. Despite the weakening, gold's downside is expected to be limited. Market concerns about the Fed's independence—amid US President Donald Trump's increasingly aggressive efforts to oust one of its governors—tend to maintain interest in safe-haven assets. In such situations, gold typically remains in demand as a hedge. DISCLAIMER Note: This...
According to the latest data, the spot silver price is under some pressure and is hovering in the range of USD 38.54–39.00 per ounce, continuing its upward trend from last week, when it rose more than 33% this year—reaching its highest level in almost 14 years. This morning's fundamentals remain strongly supportive of a bullish silver outlook. The impetus comes from a combination of a structural supply deficit, surging industrial demand—particularly from the renewable energy and technology sectors—and rising expectations for silver's role as a safe-haven. HSBC's revised forecast also...
Despite tight short-term supplies, there are concerns that global oil production will increase, including from non-OPEC producers. This expectation has shifted sentiment toward bearishness, particularly for long-term contracts. Brent has recently been trading at a slight discount to the Dubai Crude price for Asian markets. This is rare and reflects abundant Brent supply for Asia, prompting Asian buyers to shift to the typically cheaper Dubai Crude. Source : Newsmaker.id
Silver prices (XAG/USD) strengthened in European trading (August 26th), rebounding from the previous session's decline. This strengthening was largely driven by political uncertainty in the US, following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. This move sparked concerns about the Fed's independence and the direction of monetary policy, prompting investors to seek safe-haven assets like silver. Beyond political factors, industrial demand for silver remains solid, particularly from the renewable energy sector. Recent data shows that Chinese solar cell exports...