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...
Global gold prices are holding steady in the positive area at around $3,343 per ounce after rallying 2% in the previous two sessions. Currently, the market is taking a wait-and-see attitude ahead of two major agendas from the US: the House vote on Trump's tax bill and the release of June employment data. Although the US dollar strengthened slightly, positive sentiment towards gold remained intact as fiscal concerns, geopolitical tensions, and the direction of trade policy are still the main concerns of investors. Additional support came from central bank purchases and fund flows into...
Silver's move now focuses on upcoming labor market data, including the ADP private payrolls report due on Wednesday and the key June jobs report on Thursday, for further signals on the economic outlook and potential Fed policy moves.At the time of writing, silver was trading at $36,025/Toz. Source: Newsmaker.id
The Silver price (XAG/USD) edges lower to around $36 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday. The Greenback receives support from a better-than-expected increase in labor market demand. This, in turn, exerts some selling pressure on the USD-denominated commodity price, as a firmer USD makes Silver more expensive for foreign buyers. Additionally, rising demand for industrial uses might contribute to silver's...
Silver prices are at $36,118 per ounce, reflecting a consolidation phase after a strong rally that took it to a record 13 years ago. Fundamentally, the weakening US Dollar and expectations of an interest rate cut by the Fed provide support for demand for safe-haven assets such as silver. In addition, strong industrial demand, especially from the renewable energy and electronics sectors, which account for more than 50% of global consumption, also support prices. Source: Newsmaker.id
Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market became more confident that the Fed would cut interest rates. US fiscal concerns also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset. Uncertainty ahead of Trump's July 9 tariff policy also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week made the market tend to wait and see. In general, fundamentals still favor strengthening gold. Source: ayu-Newsmaker.id