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...
Spot silver prices fell slightly by around 0.2%. This decline was part of a measured correction following a sharp rally in early June, when prices briefly reached a 13-year high. On the fundamental side, industrial demand—particularly for clean technology sectors such as solar panels, electric vehicles, and 5G—remained the main driver of the increase. Although global supply remains tight, the production surplus is not keeping pace with surging demand. Similarly, geopolitical pressures are increasing interest in precious metals as a safe haven. Source: Newsmaker.id
Gold prices are currently hovering around $3,296. This decline was driven by global economic supply, a strengthening USD, and the lead-up to tonight's FOMC minutes. The nearest resistance level is at $3,310, while strong support is at $3,265. The market's current focus is on Trump's tariff decision and the FOMC minutes, which could be the catalyst for the next move. Source: ads-Newsmaker.id
Silver prices held firm near a 13-year high as markets weighed the latest U.S. trade policy moves.President Donald Trump announced new tariffs on 14 countries that have yet to reach a trade deal with Washington, including major exporters Japan and South Korea, both of which will face levies of 25%.As of this writing, Silver is at $36,721 Source: Newsmaker.id
Gold prices are stable at around $3,334 per ounce in the Asian session. Market sentiment is still affected by Trump's announcement of new tariffs on several Asian countries, which has triggered demand for safe havens. But the strengthening US dollar and rising bond yields have held back gold. On the other hand, market players are choosing to wait and see, preparing for Donald Trump's tariff policy scenario. Fundamentally, expectations of a Fed interest rate cut and central bank gold purchases support prices to remain strong. However, as long as the dollar is still strong, gold's increase...
The spot price of silver (XAG/USD) slipped around 0.05% to US$36.72 per troy ounce, continuing the correction from its recent high. Easing tensions over the US tariff deadline have caused investors to slightly move away from safe-haven assets such as silver, resulting in profit taking. The decline occurred even though silver previously recorded its highest level in the last 13 years at around US$36.90, supported by safe-haven demand and a long-term supply deficit. Analysts said the potential for a rebound would emerge again if the price approaches the support zone, considering that silver's...