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 traded around $39,017 on Monday (July 14th), hitting a new 14-year high as demand for safe-haven and industrial metals increased. This surge was driven by market concerns over global trade tensions after US President Donald Trump announced additional tariffs on a number of major trading partners. Meanwhile, expectations of a reduced interest rate cut by the Fed were not enough to halt silver's rally, as demand for this industrial metal remained strong, particularly from the renewable energy and manufacturing sectors. Source: Newsmaker.id
Gold prices (XAU/USD) continued their rally to around $3,365 during the early Asian session on Monday. The precious metal strengthened slightly as traders shifted to traditional safe-haven assets after US President Donald Trump escalated the global trade war with a new wave of tariffs. Source: Newsmaker.id
Silver rose 0.2% in early Asian trading on Monday, driven by demand for safe-haven assets as traders weighed the threat of new tariffs from President Donald Trump after he announced 30% tariffs on the European Union and Mexico, effective next month. Trade tensions, such as the massive US tariffs on copper, exacerbated concerns about metal supply, prompting investors to turn to safe-haven assets. Source: Newsmaker.id
Global gold prices rose again for the third consecutive day on Friday.Analysts stated that more investors are starting to seek refuge in gold, even though the stock market is hitting record highs.As of this news release, gold prices are at $3,345. Source: CP-Newsmaker.id
The price of silver is currently at $37,201, up around 0.56% in today's trading. This strengthening is supported by increased investor interest in safe-haven assets amid global uncertainty. Trade tensions between the US and several major economies, including President Trump's new tariff plans, have made the market more cautious and boosted demand for precious metals like silver. Fundamentally, silver's prospects are also supported by persistently high industrial demand, particularly from the technology and clean energy sectors, such as solar panels. Despite concerns about a global economic...