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 rose slightly on Tuesday morning (August 12th) to around US$37.80 per ounce, up around 0.4% compared to the previous close. This increase occurred after a correction of more than 1.9% yesterday due to the strengthening US dollar and market uncertainty regarding precious metals tariff policies. Despite short-term pressures, the long-term outlook for silver is considered positive. HSBC even raised its projection for the average silver price in 2025 to US$35.14 per ounce, driven by rising gold prices, demand for safe-haven assets, and an estimated global supply deficit of 206...
Oil prices rose slightly on Monday in the American session (August 11) ahead of the Trump-Putin meeting in Alaska to discuss the Ukraine war, with the threat of tighter sanctions if peace fails. Brent prices are currently trading at $66.94 per barrel. However, gains are being held back by abundant supply, including new production in Guyana, high supplies from South America, and UBS's projection of cutting its year-end Brent target to $62 per barrel. Sentiment is also being weighed down by weak Indian demand, a potential pause in OPEC+ production increases, US import tariffs that could slow...
Silver prices fell to $37,845 on Monday afternoon, pressured by easing geopolitical tensions after US President Donald Trump announced a meeting with Russian President Putin this week. The easing of global risks has reduced interest in safe-haven assets like silver. However, expectations of a Fed interest rate cut remain supportive of the market. Weak US employment data increased the likelihood of a rate cut in September. Focus now turns to the release of US inflation data on Tuesday, which could trigger further silver movement. At the time of writing, silver was down 1.33% at...
Gold prices (XAU/USD) faced strong selling pressure after failing to hold above the $3,400 level in Monday's Asian trading session, as optimistic market sentiment dampened demand for traditional safe-haven assets. However, this downward pressure was contained by growing confidence that the Federal Reserve (The Fed) will continue its interest rate cutting cycle in September. This prevented the US Dollar (USD) from capitalizing on its modest recovery from last Friday's two-week low, thus providing some relief for non-yielding gold. Furthermore, continued trade uncertainty ahead of the US...
Global crude oil prices weakened on Monday (August 11th) as supply concerns eased and hopes for diplomacy between the United States and Russia grew. Brent crude fell -0.37% to USD 66.19 per barrel. Price pressure also stemmed from expectations of increased OPEC+ production, although actual output from several member countries remains limited due to technical constraints. The market is also monitoring the prospect of slowing global economic growth, which could potentially reduce energy demand. Source: Newsmaker.id