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...
Gold prices rose slightly at the start of the Asian session on Thursday (19/06) following a decline in the previous session triggered by Federal Reserve Chairman Jerome Powell's warning about the risk of inflation to the US economy. Fundamentally, gold prices are still supported by several factors, the increasingly heated geopolitics between Iran and Israel, and Trump's Tariff Uncertainty Source: Newsmaker.id
Silver (XAG/USD) rose on Wednesday (6/18). The white metal is currently trading just above the $37.00 round figure and seems poised to extend its recent uptrend from April monthly swing lows. In addition, the Middle East conflict is escalating into a wider war after President Donald Trump called for Iran's unconditional surrender. Source: Newsmaker.id
Gold edged higher, with safe-haven demand from rising risks of a wider war in the Middle East offset by weak U.S. economic data that raised the prospect of a rate cut. While rising tensions boosted bullion's appeal as a store of value amid geopolitical turbulence, traders also factored in a series of lukewarm U.S. reports on retail sales, housing and industrial production that strengthened the case for a Federal Reserve rate cut this year. However, the Middle East conflict has fueled a spike in crude prices that could stoke inflation, making aggressive Fed monetary easing less likely. A...
Silver prices fell on Tuesday (6/17)As an industrial metal, silver is highly dependent on sectors such as electronics, automotive, and renewable energy. Fears of a recession, rising tariffs, and declining manufacturing activity from China et al. have suppressed demand, so that silver prices are more affected than gold. After the early 2025 rally, many traders are locking in profits (profit-taking). This price correction is also driven by technical conditions: resistance at the US$36-37 level and support around US$33-34 Source: Newsmaker.id
Gold rose in early Asian trade on Tuesday (06/17) after U.S. President Donald Trump called for the immediate evacuation of Tehran, boosting demand for the precious metal as investors monitor hostilities between Israel and Iran. Trump issued the call to evacuate the Iranian capital in a social media post hours after he urged Iranian leaders to sign a deal to curb its nuclear program. Source: Newsmaker.id