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 are currently experiencing a slight decline amid cautious market movements. The weakening of the white metal occurred due to a slight strengthening of the US dollar, while investors await the minutes of the July FOMC meeting and Fed Chair Jerome Powell's speech at the Jackson Hole symposium this week for clues on the direction of future interest rate policy. Global risk-off sentiment is also holding back silver's gains, although the metal remains viewed as a safe-haven asset. Price movements are expected to remain limited until clearer monetary policy signals emerge. Source:...
Gold (XAU/USD) held around $3,326 with moderate intraday gains. Selling pressure in global markets provided slight support as a safe haven, but hopes for peace between Russia and Ukraine curbed hedging interest, limiting gold's rally. The market preferred to await clues about the Fed's policy direction from the release of the FOMC minutes. Fading expectations for a Fed rate cut helped the US dollar remain strong and made yieldless gold less attractive. Stable bond yields also limited price gains. In the very short term, gold's direction will be determined by the reaction of the US dollar...
World oil prices fell on Tuesday (August 19th) amid speculation that a meeting between Russia, Ukraine, and the US could potentially pave the way for the lifting of sanctions on Russian oil, thereby increasing market supply. Brent futures weakened 0.75% to $65.95 per barrel. This correction occurred after oil previously closed up around 1%. The market was monitoring the latest diplomatic moves, with US President Donald Trump meeting with Ukrainian President Volodymyr Zelenskiy along with European allies and holding direct dialogue with Russian President Vladimir Putin. Trump even stated...
Gold prices strengthened slightly on Tuesday (August 19), driven by a weaker dollar amid expectations of a US interest rate cut. Investors are now awaiting Fed Chairman Jerome Powell's remarks at the Jackson Hole symposium on August 21–23, which is expected to provide clarity on the direction of monetary policy. According to CME FedWatch, the market is pricing in an 83% chance of a 25 basis point rate cut at the Fed's September meeting. However, UBS analyst Giovanni Staunovo believes it is too early for the Fed to commit to its next move, given the number of data releases before the...
Silver prices are currently trading around $38,030 per ounce, relatively stable after experiencing selling pressure. Fundamentally, this precious metal remains supported by expectations of a Fed interest rate cut, which has boosted interest in non-yielding assets. However, market optimism regarding the possibility of a Russia-Ukraine peace deal is curbing demand for safe havens. Furthermore, the strengthening US dollar is a limiting factor for the silver price rally. Technically, silver is still moving in a consolidation phase after rejecting further gains. Nearest support is seen around...