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...
The oil market is currently facing strong bearish fundamental pressure. The IEA estimates that global supply will increase rapidly—around 2.5 million barrels per day in 2025—while demand growth continues to weaken, reaching only around 680,000 bpd, due to weak consumption in developed countries, as well as China, India, and Brazil. OPEC+ responded by ending its production cuts and instead increasing output, exacerbating the global surplus. Recent data shows that US shale oil producers are reducing investment and even decommissioning rigs as oil prices fall below breakeven. Other analysis...
Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Brent crude oil prices rose to around $65.8 per barrel on Thursday, halting a two-day decline that was fueled by expectations ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin. Trump warned late Wednesday that Russia would face "very severe sanctions" if Putin refused to end the war in Ukraine. While he did not specify the steps he would take, he had previously threatened economic sanctions, including on Russian oil, if Friday's meeting in Alaska ended in failure. However, the gains were limited, with prices remaining near a more than two-month low...
Silver prices strengthened slightly on Wednesday Asian time, hovering around $38.5 per troy ounce and approaching a multi-week high. This increase followed a weakening US dollar and falling Treasury yields, a combination that typically supports zero-coupon precious metals. Silver's strengthening also aligns with the rise in gold, which is sensitive to real funding costs. Market sentiment was driven by expectations of a Fed interest rate cut at its September meeting following moderate July inflation data and signs of labor market weakness. Source : Newsmaker.id
Gold prices stabilized in the mid-Asian session on Thursday, after touching $3,374 troy ounce amid hopes of a Fed rate cut that would strengthen the appeal of this non-interest-bearing precious metal. The US dollar, which has tended to be defensive today, is still holding back gains for the yellow metal ahead of the release of US inflation and employment data. The market is also still seeking official clarification on whether US bullion imports will be subject to tariffs, after days of confusion that drove up premiums for gold futures in New York over spot prices in London. President...